The auto major of India, Tata Motors Ltd has embarked into a tie-up with state-run Central Bank of India for financing its range of passenger vehicles.
According to the Tata official, this facility will be available at all 3,500 branches of Central Bank of India and 329 sales touch points of Tata Motors.
Central Bank auto loans are for up to 85 per cent of the on-road price, for up to 7 years, at 10.5 per cent per annum for 36 month tenure and 11.5 per cent for more than 36 months.
Tata Motors had similarly tied up with state-run Corporation Bank earlier in this February.
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