Tata Motors partners with Indian Bank to Car Loans

Tata Motors has entered into a partnership with Indian Bank for financing passenger vehicle customers to provide customized car loans from across 5700+ branches of Indian Bank across the country.

The easy financing will be available at attractive interest rates starting at 7.80%. The scheme will provide up to 90% financing on road funding, with repayment terms of up to 7 years. Customers can foreclose or provide partial payments at no additional fees. 

Tata Motors’ customers can also register for the finance options through Tata Motors dealers across the country.Mr. Ramesh Dorairajan, Senior General Manager  Network Management & EV Sales, Tata Motors Passenger Vehicles Ltd, said,“ Our partnership aims to provide a hassle-free experience to our customers and thereby add to the fervor of the upcoming festive season.”

According to Mr. Imran Amin Siddiqui, Executive Director, Indian Bank, “Indian Bank has a wide presence all over the country and we are confident of offering best-in-class services, including our digital-lending process to Tata Motors customers for meeting their aspiration of owning a car..”