The FINANCIAL — In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with United Bank of India for financing its range of passenger vehicles.
United Bank of India is one of the largest Public Sector Banks in the country catering to the needs of industry as well as retail segment. The bank has pan India presence with a network of 1450 branches including extension counters across the country.
United Bank of India offers car loans up to 90% of on-road price, for tenure ranging up to 6 years, at a very competitive and attractive rate of interest.
This facility will be available at all 1450 branches of United Bank of India and 470 sales touch points of Tata Motors. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers.
United Bank of India has also been empanelled for the Nano Booking Retail Finance with Tata Motors.
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