Mumbai
Tata Motors has joined hands with the Bank
of Maharashtra to make available the ‘Maha Super Car Loan scheme” to all its
customers.
This decision
has been taken because the company wanted to make its new passenger vehicles
more accessible to its customers in these tough times. In this tie-up, the bank
is going to offer loans to the company‘s customers at an interest rate of 7.15%
linked with Repo Linked Lending Rate (RLLR).
Under this
scheme, individuals like salaried employees, businessmen, self-employed people,
professionals, and agriculturists can get a maximum of 90% financing on the
total cost of the vehicle. The figure is 80% for corporate clients. This will
also allow the customers of Tata Motors to enjoy a hassle-free option of
getting their loans approved with zero processing fees under “Monsoon Dhamaka
Offer”. The loans will be sanctioned without any pre-payment charges. The EMI
option starting with Rs.1517/- per Lakh for 7 years can also be opted for by
future car owners. Lastly, this
partnership has also caused a 0.25% concession in the ROI for corporate salary
account holders and existing housing loan borrowers.
As per Rajan
Amba, Vice president, Sales, Marketing & Customer Care, PVBU, Tata Motors, by this partnership the company has
tried to make passenger vehicles more affordable and accessible for individuals
and families at beneficial rates.
Source – The Free Press Journal
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