In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with State Bank of Travancore for financing its range of passenger vehicles.
State Bank of Travancore is one of the largest Public Sector Undertakings in the country catering to the needs of industry as well as retail segment. The bank has pan India presence with about 723 branches spread all over the country.
State Bank of Travancore offers car loans up to 85% of the on road price, for tenure ranging up to 7 years, at a very competitive rate. SBT is offering car loans at rates frozen at 10% up to 15.05.2010 for loans sanctioned on or before 30.04.2009.
This facility will be available at all branches of State Bank of Travancore and 470 sales touch points of Tata Motors. This tie-up will make car buying easier for customers.