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Tata Motors joins United Bank for financing its passenger vehicles

 

 

In order to provide an added facility of car finance to its customers, Tata Motors today said it has entered into an understanding with United Bank of India for financing its range of passenger vehicles.

United Bank of India offers car loans up to 90 per cent of on-road price, for tenure ranging up to six years, at a very competitive and attractive rate of interest, it said in a statement.

This facility will be available at all 1,450 branches of the bank 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, it added.

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 1,450 branches including extension counters across the country