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Tata Motors announces new finance schemes for Passenger Vehicles customers

Written by Nayak

Owning a Tata Motor passenger car becomes much more accessible. The automaker has announced its partnership with the Bank of Maharashtra to offer attractive financial schemes for customers. Named ‘Maha SuperCar Loan Scheme’, this new scheme will make Tata Motor’s New Forever range of passenger vehicles much more affordable.

Various Offers Under This New Scheme

Under this scheme, customers can avail of loans starting from as low as 7.15 per cent linked with Repo Linked Lending Rate (RLLR), subject to certain conditions. This new scheme will cover financial support up to 90 per cent of the vehicle’s total cost (on-road price). For corporate clients, a maximum of 80 per cent of the car’s cost can be availed.

Along with this, customers will also get a hassle-free option of getting their loans with zero processing fee. This comes under the ‘Monsoon Dhamaka Offer’ and is applicable till 30th September 2021. There won’t be any pre/part payment charges, and this is a very quick and convenient way of availing of the loan. There’s also a special EMI option that starts at INR 1,517 with a tenure of 7 years. For the corporate salary account holder and existing housing loan borrowers, this partnership has also laid out a 0.25 per cent concession. To know more about this scheme, customers can visit their nearby Tata Motors dealerships or through a Bank of Maharashtra branch.

Ziptron-Powered TigorEV Teased

Tata Motors has teased the new Ziptron-powered TigorEV. This car will position itself in the compact sedan segment, which currently does not have an EV. Though, we would like to mention that Tata Motors had recently also launched the X-pres Tigor. This is aimed towards the commercial segment and houses the old Electra 72V Ac induction-type motor. On the contrary, this upcoming TigorEV will get a Ziptron powertrain similar to the one which comes with Nexon EV. We can expect that the sedan will offer a better driving range as compared to the Nexon EV. We can expect Tata to reveal more details in the coming days.

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