Tata Motors is all set to sign a retail finance MoU with Bandhan Bank to offer exciting finance options to all its passenger vehicle customers. The homegrown automaker aims to make ownership of cars an easy process for customers.
Under this partnership, Bandhan Bank will be providing loans to Tata Motors’ customers at an interest rate starting from as low as 7.50 percent. Moving on, the scheme will offer a maximum of 90 percent financing on the total on-road cost of the vehicle. Customers can also opt for special EMI options that come with a repayment tenor of up to 7 years. All the interested buyers who will be availing of the car finance option will be eligible for certain exclusive features offered by Bandhan Bank. These features include zero charges on foreclosure and part payment. Besides that, these offers will be applicable to the New Forever range of ICE cars, SUVs, and EVs for personal segment buyers across the country.
“We, at Tata Motors, have always aimed to make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates. We are delighted to join hands with Bandhan Bank and this partnership is a part of our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India to take ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding to the celebrations of this festive season. We hope that these offers will make the process of purchasing our cars much easier for customers and that this will positively impact their overall buying experience of Tata cars,” as commented by Rajan Amba, Vice President, Sales, Marketing & Customer Care, Passenger Vehicle Business Unit, Tata Motors.
All the customers interested in availing of the scheme can directly head to their nearest Tata Motors dealer or Bandhan Bank branch. Upon reaching the location, you need to get your interest registered in buying a Tata car. In case you want any information regarding the offers and car buying options, you can call your nearest dealership or visit https://cars.tatamotors.com/. Besides these, customers can also enquire, request a test drive, make bookings, and select their preferred financing option via ‘Click to Drive’ - this is the homegrown automaker’s end-to-end online platform.
“We are pleased to partner with Tata Motors as preferred financier for car loans. With this association, we are hopeful to leverage on the extensive reach of both brands in rural, semi-urban and urban markets and enable many Indians to fulfill their dreams of owning their personal vehicles. With zero part payment and foreclosure charges and at competitive pricing, Bandhan Bank car loans will appeal to the target markets. This tie-up is evidence of the Bank’s ongoing endeavor to partner the needs of emerging India,” as commented by Kamal Batra, Head – Assets, Bandhan Bank.