India’s largest auto maker,Tata Motors,on Thursday said it has tied up with public sector lender Indian Bank for providing financing facilities to its passenger vehicle customers. “In order to provide an added facility of car finance.

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The effective rate of interest on loans. vehicle financing within a year. We are concentrating on top-end customers," said H Srikrishnan, country head of transaction banking and operations at HDFC Bank. HDFC Bank has tied up with.

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. passenger vehicle customers of Tata Motors loan at an interest rate of 10.5%, it said. The loan facility has tenure of up to seven years with maximum funding, it added. The bank intends to grow car loan finance business and offer.

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Uber Inc., the California cab-hailing app company, whose vehicle finance program in the U.S. has led to speculation about links to subprime auto loans, has teamed up with lenders in India to offer car loans to its. India Ltd., Tata.

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"Customers looking out for a quick and hassle-free way of getting an auto loan will now be able to avail the same through Tata Capital`s offices across India," it said. Tata Capital had recently embarked on a new initiative called.

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Tata Motors has signed the agreement to finance its passenger vehicles, while Mahindra has inked the pact for utility vehicles, pick-ups, three wheelers and passenger cars, according to statements from the companies. Customers can.

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SBI plans to buy 49% stake in Tata Motors Finance Ltd- the vehicle financing company of Tata Motors. The Bank will use the funds to expand into loans for trucks and buses. As reported by Mint, if the deal goes through, SBI will get.

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. of understanding with Tata Motors Ltd to finance vehicles to the bank’s customers. A press release by the bank said here that it has joined hands with Tata Motors Ltd, Mumbai, for vehicle loans on easy terms to the company’s.

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MUMBAI (Reuters) – Top vehicle maker Tata Motors Ltd has tied up with state-run Corporation Bank to finance its passenger vehicles range, the company said in a statement. Corporation Bank has lowered its car loan rates and.

However, in the late 1990s, it diversified into various non-core financial solutions such as merchant banking, stock broking, home loans. Tata Finance. As part of a restructuring exercise, TFL re-emphasised auto-financing as its.

Lord Mandelson said: "The Government is determined to help the car industry to exploit fully the opportunities offered by green manufacturing. Today we are backing Tata as Tata backs Britain. "This loan will strengthen our electric vehicle.