Tata Motors signs MoU with Bandhan Bank for loans on Retail Cars

A major highlight of the tie-up is that Bandhan Bank will provide loans to Tata Motors’ customers at an interest rate starting from 7.50 percent.

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New Delhi: Tata Motors has partnered with Bandhan Bank to sign a retail finance MoU. The MoU focuses on providing finance options to all its passenger vehicle customers.

A major highlight of the tie-up is that Bandhan Bank will provide loans to Tata Motors’ customers at an interest rate starting from 7.50 percent. Hence, This scheme will offer a maximum of 90 percent financing on the total on-road cost of the vehicle.

Along with this, Customers can also enjoy the benefit of special EMI options with a repayment tenor of up to seven years and the bank will also provide certain exclusive features like zero charges on foreclosure and part payment. The points were asserted by Tata Motors in a press release.

The Automobile company hopes that these offers will enhance the process of purchasing Tata cars much easier for customers and that this will positively impact their overall buying experience.

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