Udayavni Special

Tata Motors partners with Bank of Maha for passenger vehicle financing


PTI, Aug 16, 2021, 12:11 PM IST

New Delhi: Homegrown auto major Tata Motors on Monday said it has partnered with the Bank of Maharashtra to offer a retail financing scheme for its passenger vehicles.

Under the partnership, the Bank of Maharashtra will provide loans to Tata Motors’ customers at an interest rate starting from 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions, the company said in a statement.

Besides, the scheme will offer a maximum of 90 per cent financing on the total cost of the vehicle (on-road pricing) for various individuals like salaried employees, self-employed people, professionals, businessmen, and agriculturists, added the statement.

On the other hand, a maximum of 80 per cent financing can be availed on the cost of the vehicle by corporate clients, the company said.

Tata Motors Passenger Vehicles Business Unit Vice president, Sales, Marketing and Customer Care Rajan Amba said, ”Given the ramifications of the second wave of the pandemic, we, at Tata Motors, have always tried to make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates.”

The partnership with the Bank of Maharashtra is aimed at offering special finance schemes to support the company’s customers in these tough times, it added.

”We hope that these offers will make the process of purchasing a car that much easier for customers and that this will positively impact their overall buying experience of Tata cars,” Amba said.

Bank of Maharashtra Executive Director Hemant Tamta said, ”We are optimistic that we can forge a great partnership and serve our customers with the best products and services.”

Tata Motors said the partnership is also offering its customers a hassle-free option of getting their loans approved with zero processing fee till September 30, 2021, under “Monsoon Dhamaka Offer.”

Prospective buyers can also avail of a special EMI option starting with Rs 1,517 per lakh for 7 years.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

‘Feels humiliated, won’t accept Sidhu as chief minister’

Belagavi: 2-year-old boy trapped in borewell, rescue operation underway

Isha Foundation launches project to plant lakhs of saplings at Nandi Hills

Punjab governor accepts Amarinder Singh’s resignation

Kerala reports 19,352 COVID-19 cases

Oppn unity can’t be built by undermining leaders; TMC’s attack on Rahul Gandhi unwarranted: Cong

ED attaches Rs 68L worth assets of ex-Bihar MLA

Related Articles More

Come Jan 1, non-filers of 1 monthly GST return to be barred from filing GSTR-1

GST Council extends lower tax rate on COVID drugs till Dec 31; petroleum products not to be included under GST

World Bank Group to discontinue Doing Business report

FM Nirmala Sitharaman announces Rs 30,600 crore govt guarantee for bad bank

GST Council to meet on Friday; rate review, tax concession to 11 COVID drugs on cards

MUST WATCH

Model shreya kalra dance traffic signal indore madhy Pradesh

Pramoda Devi Wadiyar Visited Captain Abhimanyu Elephant

SCIENTIFIC EXPLANATION OF TIME EXPLAINED IN KANNADA

|UDAYAVANI NEWS BULLETIN|18/9/2021

PROTEST IN CHIKAMAGALUR


Latest Additions

‘Feels humiliated, won’t accept Sidhu as chief minister’

Belagavi: 2-year-old boy trapped in borewell, rescue operation underway

Isha Foundation launches project to plant lakhs of saplings at Nandi Hills

Punjab governor accepts Amarinder Singh’s resignation

COVID-19: 889 new cases, 14 deaths in Karnataka

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.