Here is yet another tie up between made by Tata Motors. It has join hands with the United Bank of India to aid passenger car finance for car buyers.
United Bank of India is one of the largest Public Sector Banks in the country which caters the needs of the industry as well as retail segment. The bank has a strong network in India with nearly 1450 branches that also includes extension counters across the country.
The bank will provide car loans of up to 90% on-road price for a term of 6 years at a very competitive interest rate. According to the agreement, customers can avail this facility at all the branches of United Bank of India as well as in 470 sales touch points of Tata Motors.
Just like Tata Motors tie-ups with other banks, this bank will also open opportunities for both cars as well as car loans and will make car buying easier for customers. Looks like Tata Motors is not going to put an end to bank tie-ups. The customers will get to see more banks venturing with Tata Motors.