In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with Dena Bank for financing its range of passenger vehicles.
Dena Bank, a public sector undertaking, caters to the needs of industry as well as retail segment. The bank has pan India presence with about 1184 branches spread all over the country. The bank has a strong presence in western India especially Gujarat, Madhya Pradesh, Maharashtra and Rajasthan.
Dena Bank offers car loans up to 80% of the invoice price, for tenure ranging up to 5 years, at an attractive interest rate of 11% p.a.
This facility will be available at all 1184 branches of Dena Bank and 470 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.