Tata Motors, Corporation Bank in tie-up for providing retail finance

Tata Motors and Corporation Bank have tied-up with a view to providing retail financing facilities for Tata cars. Under the agreement, financing facilities would be available at all 1,073 branches of Corporation Bank and 329 of Tata Motors’ sales touch points.

Tata Motors and Corporation Bank plan to co-organise various sales promotion activities aimed at promoting Tata cars and making the car buying process easier for potential customers by simplifying the loan disbursement process.

Customers will be able to get loans of up to 85% of a car’s on-road price, for a period of up to five years, at 11.75% interest per annum.

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