Tata Motors ties-up with BoI for financing its passenger cars | autos | Hindustan Times
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Tata Motors ties-up with BoI for financing its passenger cars

Tata Motors has entered into an understanding with Bank of India for financing its range of passengers cars.

autos Updated: Mar 06, 2009 15:24 IST

Tata Motors has entered into an understanding with Bank of India for financing its range of passengers cars.

Bank of India offers car loans up to 90 per cent of invoice, for loans up to Rs 10 lakh for tenure ranging up to six years at a very competitive rate of 10.25 per cent to 10.75 per cent, a press release issued in Mumbai on Friday said.

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.

This tie-up will provide a single-window for both cars as well as car loans and will make car-buying easier for the customers, the release added.