Tata Motors has tied up with Vijaya Bank for financing its range of commercial and passenger vehicles to provide an added facility of finance to its customers.
Vijaya Bank will offer loans for Tata Motors’ commercial vehicles up to 85 per cent of the on-road cost, which will include vehicle cost, road tax and insurance, for tenure up to 5 years, at 11.25 per cent and for passenger cars the rates are 8.5 per cent for first year and then 10 per cent for balance 4 years.
This facility will be available at all the 1,139 branches of the bank and commercial and passenger vehicle dealerships of Tata Motors.
