Tata Motors has entered into a tie-up with the Andhra Bank for financing its range of commercial vehicles, to provide an added facility of finance to its customers.
Andhra Bank will offer loans for Tata Motors’ commercial vehicles up to 90 per cent of the on-road cost (including vehicle cost, road tax and insurance), for a tenure ranging up to six years, at a rate of 12.5 per cent.
This facility will be available at all the 1,550 branches of the bank and commercial vehicle dealerships of Tata Motors.