Tuesday, August 17, 2021
By Manoj Kumawat
Bank of Maharashtra to Offer Finance for Tata Vehicles
Domestic car maker Tata Motors has collaborated with the Bank of Maharashtra for offering an instant finance facility to its customers. According to reports, the customers willing to buy any of Tata’s passenger vehicles can get it financed by the bank at the lowest interest rate of 7.15 per cent. This will be liked with Repo Linked Lending Rate and available on meeting specific conditions.
This ‘Maha Super Car Loan Scheme’ aims to offer 90% of finance on the on-road price of the vehicle. This will make it easier for the salaried employees, professionals, self-employed persons, businessmen, and agriculturists to drive any of the Tata vehicles easily to their homes. The scheme will provide 80% of the finance on the on-road cost of the vehicle for the buyers from the corporate sectors.
Commenting on this collaboration Rajan Amba, Tata Motors Passenger Vehicles Business Unit Vice President, Sales, Marketing and Customer Care said, "Given the ramifications of the second wave of the pandemic, we, at Tata Motors, have always tried to make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates." The main objective of this collaboration is to support the buyers of the Tata passenger vehicles in this tough time. Moving ahead, Amba said, "We hope that these offers will make the process of purchasing a car that much easier for customers and that this will positively impact their overall buying experience of Tata cars."
According to the sources of the company with this collaboration the customers will be able to get the loan approved with zero processing fee. This however will be applicable up to September 30, 2021, under the Monsoon Dhamaka Offer.
