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Tata Motors partners with Bank of Maharashtra for retail financing scheme

Monday, 16 Aug 2021
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Tata Motors has partnered with the Bank of Maharashtra to offer retail financing scheme for its passenger vehicles.

Under the partnership, the Bank of Maharashtra will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.15 percent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions.

Besides, the scheme will offer a maximum of 90 percent financing on the total cost of the vehicle (on-road pricing) for various individuals like salaried employees, self-employed people, professionals, businessmen and agriculturist.

On the other hand, a maximum of 80 percent financing can be availed on the cost of the vehicle by corporate clients.

The partnership with the Bank of Maharashtra is aimed at offering special finance schemes to support to the company's customers in these tough times.
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