Escorts, L&T Finance tie-up to provide vehicle loan

Statement said partnership will be beneficial to tractor customers across India where L&T Finance has a network

Tractor maker Escorts has tied up with L&T Finance to provide loan for buying tractors.

The company has inked a preferred financier agreement with L&T Finance to provide loans to tractor customers across the country, Escorts Ltd said in a statement.

"This partnership will be beneficial to tractor customers across India where L&T Finance has a network by making finance easily accessible," it added.

Commenting on the tie-up, Escorts Ltd Chief Sales & Marketing Officer Sameer Tandon said the partnership is a step in the right direction to ease the financing process for its customers.

"L&T finance offers innovative products and services at affordable rates, with highly competitive schemes for tractors, we are sure that dealers and customers both will get equally benefited through this tie-up," Tandon added.

L&T Finance COO G C Rangan said the tie-up would help people in buying their choice of tractor.