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Tata Motors ties up with Bank of India

Tata Motors has signed an understanding with Bank of India to ensure consumer finance for Fiat cars, which are available through the Tata-Fiat dealer network.

According to a Tata Motors release, customers can get special interest rates for loans up to Rs 10 lakh of 9.75 per cent to 10.25 per cent for the Linea, Palio and soon-to-be launched Grande Punto.

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 6 years. This facility will be available at all metro, urban and semi-urban branches of Bank of India and the 100 sales touch points of the Tata-Fiat distribution network, the release added.


(Posted on : 16/06/2009)
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