Bank of India has entered into a memorandum of understanding with TVS Motor company to provide finance for customers intending to buy TVS Flame SR 125 motorcycle.
The Bank would take on the role of preferred financier and offer customers attractive loans, under the special scheme, launched to coincide with the festival season, S Ramachandran, Senior Manager of a city branch, told reporters here.
Under the scheme, valid upto Oct 20 and likely to be extended, the customer can avail of an attractive 8.5 per cent interest for the vehicle for a tenure of upto five years with funding upto 90 per cent, he said.
This association would help both the partners to reach out to customers and make loans convenient and easy for prospective buyers and the initiatve was a value addition for the customers, Munesh Shyam, Territory Manager, Coimbatore Region, TVS Motors, said.
The disc brake version of revised SR 125 is priced at Rs.47.550 and is equipped with an electric start, weighing 123 kgs. It has a top speed at 95 kmph, he said.