Tata Motors joins hands with Bank of Maharashtra for 90% investment for passenger vehicles

Tata Motors allies with the Bank of Maharashtra to offer specific financing options for Tata’s passenger vehicles. The new business offers up to 90% financing schemes for the vehicle’s on-road price, with the Rate of Interest starting from 7.15%. The scheme is targeted at salaried workers, self-employed people, professionals, businessmen, and agriculturists, while corporate professionals can avail financing options up to 80% of the vehicle’s on-road price.

Customers can avail of the credits supported with zero processing fees until 30 September 2021, under the "Monsoon Dhamaka Offer". Apart from this, clients can get EMI options starting with Rs.1517/- per lakh and get a 0.25% concession in the ROI for corporate salary account holders and existing housing loan borrowers.

Commenting on the occasion, Rajan Amba, Vice president, Sales, Marketing & Customer Care, PVBU, Tata Motors said, "Given the ramifications of the second wave of the pandemic, we, at Tata Motors, have always tried to make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates. We are pleased to announce our tie-up with the Bank of Maharashtra to offer special finance schemes, to extend our utmost support to our customers in these tough times. We hope that these offers will make the process of purchasing a car that much easier for customers and that this will positively impact their overall buying experience of Tata cars."

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