Tata Motors today said it has tied up with public-sector State Bank of Bikaner and Jaipur (SBBJ) for providing retail finance facilities to customers of its passenger vehicles.

''In order to provide an added facility of car finance to its customers, Tata Motors has entered into an understanding with State Bank of Bikaner and Jaipur (SBBJ) for financing its range of passenger vehicles,''the auto manufacturer said in a statement.

The lender at present offers car loans up to 85 per cent of the on-road price, for tenure ranging up to seven years, it added. It is offering car loans at rates frozen at 10 per cent till 31 May, 2010, for loans sanctioned on or before 31 May, 2009.

According to the tie-up, financing facility would be available at all branches of SBBJ and 470 sales touch points of Tata Motors.

SBBJ is a part of the State Bank Group, which has pan India presence with about 860 branches.