Tata Motors partners with Indian Bank to offer attractive car loans for its passenger vehicle business
- Maximum financing up to 90% on-road financing, with an interest rate from just 7.80%
- Repayment term up to 7 years
- No foreclosure and part payment fees
MUMBAI, JULY 26, 2022 (GPN): With the festive season approaching, Tata Motors, India’s leading automotive brand, has entered into a partnership with Indian Bank to facilitate financing for its passenger vehicle customers. This strategic partnership aims to provide personalized and attractive auto loans at more than 5,700 branches of Indian Bank across the country.
Easy financing will be available at attractive interest rates starting at 7.80%. The program will provide up to 90% financing on road finance, with repayment terms of up to 7 years. Customers can exclude or provide partial payments at no additional cost. Tata Motors customers can also register for finance options through Tata Motors dealerships across the country.
Speaking on the occasion, Mr. Ramesh Dorairajan, Senior Managing Director – Network Management and Electric Vehicle Sales, Tata Motors Passenger Vehicles Ltdsaid, “At Tata Motors, we are delighted to partner with Indian Bank to make passenger vehicles more accessible to individuals and families. We have always sought to make our personal mobility solutions more affordable and accessible for our customers, contributing to the joy of the overall ownership experience. Our partnership aims to provide a hassle-free experience for our customers and thereby add to the excitement of the upcoming holiday season. We are confident that such partnerships will make the car buying process seamless for customers and positively impact their overall Tata car buying experience.
According to Mr. Imran Amin Siddiqui, Executive Director, Indian Bank, “We are delighted to partner with Tata Motors Passenger Vehicles Limited, India’s leading manufacturer of passenger vehicles, to offer attractive and easy car financing options to their customers. Indian Bank has a wide presence across the country and we are confident in offering best in class services including our digital loan process to Tata Motors customers to fulfill their aspiration to own a car. We are committed to making the auto financing experience more convenient for customers, and a variety of interest rate options will be available to simplify the financing process. “-End.