Auto maker Tata Motors today announced that it has entered into an understanding with public sector lender State Bank of Hyderabad for financing of Fiat cars available through the Tata-Fiat dealer network.
Under the agreement customers can avail loans of up to 85 per cent of the "on-road price" for a tenure ranging up to 7 years at an interest of 10.25-10.75 per cent annually for Fiat brands including Linea, Palio Stile and Grande Punto, Tata Motors said in a statement.
This facility will be available at all the branches of State Bank of Hyderabad (except service branches) and the 100 sales touch points of Tata-Fiat distribution network, the company added.