Business Loans India : Tata Motors and Central Bank ties up for vehicle finance
Tata Motors on Wednesday tied up with public sector lender Central Bank of India for providing retail finance facilities to its passenger vehicle customers.
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 a 36 month tenure and 11.5 per cent for more than 36 months.