Mumbai: Tata Motors has entered into an understanding with Central Bank of India for financing its range of passenger vehicles, said a release from the company.
Central Bank of India offers car loans up to 85 per cent of on road price, for tenure ranging up to 7 years, at a rate of 10.5 per cent a year (for a 36-month tenure) and 11.5 per cent a year (for tenures greater than 36 months). This facility will be available at all 3,500 branches of Central Bank of India and 329 sales touch points of Tata Motors.
Source : Business Line (Online Edition) (2/19/2009)
No comments:
Post a Comment