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Tata Motors now offering 7 year loan on cars

Written by Nayak

With the festive season around the corner, Tata Motors has announced its partnership with Indian Bank. Through this, the aim is to facilitate easy financing for its passenger vehicle customers. This collaboration is set to provide customized and attractive car loans from across 5700+ branches of Indian Bank across the country.

Offers Under This Initiative

Indian Bank mentioned that easy financing is available at attractive interest rates starting as low as 7.80 per cent. The scheme will also provide up to 90 per cent financing on road funding to facilitate a seamless buying experience. Interestingly the repayment term is up to 7 years. Such a long period will ensure complete peace of mind and help attract more customers. Customers also have the option to foreclose or provide partial payments at no additional fees. Interested customers can register for these finance options through Tata Motors’ dealers across the country.

Indian Bank already has a wide presence all over the country. Thus, Indian Bank can cater to a wide range of audiences. Furthermore, Indian Bank also talked of its best-in-class services, including our digital-lending process to Tata Motors customers. Both the involved companies are committed to making the car financing experience more convenient for customers. Tata Motors sales have been growing strongly in the recent few years. The company is fighting hard against Hyundai India to catch hold of the #2 car maker in India title. These financial offerings will help greatly in attracting more customers, thus boosting sales.

Tata Motors’ Rising Sales Volume

Tata Motors is an important player in the Indian automotive space and is doing it all to boost its sales. Financial offerings like these will make passenger vehicles more accessible to individuals and families. The inclusion of a variety of options in terms of the rate of interest will simplify the financing process further. This partnership also promises to provide a hassle-free experience to the customers, thereby adding to the fervour of the upcoming festive season.

Also Read: Tata Motors bags order of 1,500 electric buses from Delhi Transport Corporation.