In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with State Bank of Patiala for financing its full range of passenger vehicles.
State Bank of Patiala offers car loans up to 85% on-road price, for tenure ranging up to 7 years, at a very competitive rate of interest.
This facility will be available at all branches of State Bank of Patiala and 329 sales touch points of Tata Motors. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers.
State Bank of Patiala, which has crossed Rs. One lakh crore business, is one of the largest Public Sector Banks, in the country catering to the needs of industry as well as retail segment. State Bank of Patiala has been adjudged as one of the Top 500 Financial Brands of the world. The bank has pan India presence with 839 branches.