In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with Bank of India for financing its range of passenger cars.
Bank of India offers car loans upto 90 % of invoice, for loans up to Rs 10.00 lacs for tenure ranging upto 6 years, at a very competitive rate of 10.25% to 10.75 %.
This facility will be available at all Metro, urban and semi-urban branches of Bank of India 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 the customers.
Bank of India is one of the largest Public Sector Undertakings in the country catering to the needs of industry, exports, agriculture as well as retail segment. The bank has international presence with around 3000 branches in India and 74 extension counters spread all over the country. Bank of India has won the award of Top Public sector Bank and best Public sector bank under Best Bank and Overall Best bank in the DUN & BRADSTREET BANKING AWARDS 2008.