7Mar/090
Bank of India to Finance Tata Cars
Tata Motors has tied up with Bank of India for financing its passenger cars. According to the press release from the company, the new arrangement will offer a single window for both cars as well as car loans which will provide a better opportunity for the customers to purchase the cars.
Bank of India offers car loans upto 90 percent of the invoice value for loans up to Rs. 10 lakh for a period of 6 years. The interest rate offered by the bank is 10.25 to 10.75 percent. This facility will be available at all metro, urban and semi-urban branches of Bank of India and 329 sales touch-points of Tata Motors, the release said.
[Via: cartradeindia]