Bank of India has signed a memorandum of understanding with TVS Motor Company to provide finance for customers who intend to buy the latter’s TVS Flame SR 125 motorcycle. As part of this agreement, Bank of India will take on the role of preferred financier and offer customers attractive loans.
A special scheme that would coincide with the festival season has also been launched. As per the scheme, which is valid up to 20 October 2009, customers can avail of an attractive 8.5% interest for TVS Flame SR 125 for a tenure of up to five years with funding up to 90 per cent.
The scheme also has lowest processing fees of Rs 500 for loan amounts below Rs 30,000 and Rs 700 for loan amounts above Rs 30,000.
