Tata Motors, Indian Bank tie-up for financing Fiat cars

Tata Motors, Indian Bank tie-up for financing Fiat cars
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First Published: Wed, Jul 01 2009. 05 06 PM IST
Updated: Wed, Jul 01 2009. 05 06 PM IST
Mumbai: Tata Motors on Wednesday said that it has entered into an understanding with Indian Bank for financing Fiat cars which are available through the Tata-Fiat dealer network.
Customers can avail loans up to 85% of the on-road price for tenure ranging up to 7-years, at an attractive interest rate of 11.5% per annum, a release said.
This will be for the new Fiat cars of their choice from the Linea, Palio and Grande Punto range, the release said.
This facility will be available at all the 1,646 branches of Indian Bank and the 100 sales touch-points of the Tata-Fiat distribution network.
This tie-up will provide consumers a single window for availing loans for the whole range of Fiat cars distributed by Tata Motors.
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First Published: Wed, Jul 01 2009. 05 06 PM IST