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Tata Motors partners with Bank of India to introduce new finance scheme

– Provides up phệ 90% of road funding

– Interest rates start from 6.85%

– Goods handling fee until March 31, 2022

In an effort phệ enhance the passenger car buying experience, Tata Motors has signed a Retail Finance Memorandum of Understanding with the Central Bank of India (BOI) phệ provide attractive financing options for all. customers using their passenger vehicles. As part of the partnership, BOI will offer loans with interest rates as low as 6.85%.

Interestingly, customers can avail of no processing fees until March 31, 2022, according phệ the FOIR (Fixed Obligation phệ Income Ratio), the customer’s existing debt applying for the acc. loan will be capped at 70% regardless of income màn chơi and the loan is above the qualifying amount phệ purchase Tata Cars. Offer applies phệ new ICE, SUV and EV models forever for individual buyers. Interestingly, the program offers a financing up phệ 90% of the total cost of the vehicle (factory price + insurance + registration). Furthermore, customers can also enjoy the benefit of a special EMI option starting from Rs 1,502/lakh over a seven-year repayment term.

Tata right behind three quarters

Commenting on the event, Rajan Amba, Vice President, Sales, Marketing and Customer Care, Passenger Vehicle Business Unit, Tata Motors, said, “We, at Tata Motors, always strive phệ do our best. making our personal mobility solutions more affordable and accessible phệ individuals and families at a cost. We are delighted phệ join hands with Bank of India and this partnership aligns with our #FinancEasy Festival in which we are collaborating with many financial partners across India phệ have a access phệ car ownership and simplify the process for customers and thus add phệ the celebration of this festive season. We hope that these offers will make the buying process of our vehicle much easier for our customers and this will positively impact their overall Tata car buying experience. ”

In addition, Rajesh Ingle, General Manager of Retail Business, said, “We at Bank of India have reoriented banking services with retail customers as the focus by designing products products tailored phệ customer needs. Our lowest interest car loan product is one such product. The Bank’s relationship with Tata Motors will benefit customers as they can access the Best in Class personal mobility solution with Best Financing Options from Bank of India. ”


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Tata Motors partners with Bank of India phệ introduce new finance scheme

#Tata #Motors #partners #Bank #India #introduce #finance #scheme
[rule_3_plain] #Tata #Motors #partners #Bank #India #introduce #finance #scheme
– Offers up phệ 90 per cent on road funding – Interest rate starting from 6.85 per cent – Nil processing charges till 31 March 2022 In an effort phệ ease passenger vehicle buying experience, Tata Motors has signed a retail finance MoU with Bank of India (BOI) phệ offer attractive financing options phệ all its passenger vehicle customers. As a part of the partnership, BOI will provide loans at an interest rate as low as 6.85 per cent. Interestingly, customers can avail of zero processing charges till 31 March, 2022, FOIR (Fixed Obligation phệ Income Ratio) basis which the current liabilities of the customer applying for loan will be capped at 70 per cent irrespective of the income slab and a higher loan amount eligibility for purchasing Tata Cars. The offers are applicable on the new forever range of ICE cars, SUVs, and EVs for personal segment buyers. Interestingly, the scheme offers a maximum of 90 per cent financing on the total cost of the vehicle (ex-showroom pricing + insurance + registration). Moreover, customers can also enjoy the benefit of special EMI option starting at Rs 1,502 per lakh on a seven-year repayment period. Commenting on the occasion, Rajan Amba, Vice President, Sales, Marketing and Customer Care, Passenger Vehicle Business Unit, Tata Motors, said, “We, at Tata Motors, have always tried phệ make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates. We are delighted phệ join hands with the Bank of India and this partnership is in line with our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India phệ make ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding phệ 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.”Adding phệ it, Rajesh Ingle, General Manager, Retail Business, said, “We, at Bank of India have reoriented the banking services with retail customer as focal point by designing products that are aligned phệ customer needs. Our vehicle loan products with lowest rate of interest is one such product. Bank’s Tie-up with Tata Motors will be win-win for customers in the sense that they can access Best in class personal mobility solution with the Best finance option from Bank of India.”
#Tata #Motors #partners #Bank #India #introduce #finance #scheme
[rule_2_plain] #Tata #Motors #partners #Bank #India #introduce #finance #scheme
[rule_2_plain] #Tata #Motors #partners #Bank #India #introduce #finance #scheme
[rule_3_plain]

#Tata #Motors #partners #Bank #India #introduce #finance #scheme
– Offers up phệ 90 per cent on road funding – Interest rate starting from 6.85 per cent – Nil processing charges till 31 March 2022 In an effort phệ ease passenger vehicle buying experience, Tata Motors has signed a retail finance MoU with Bank of India (BOI) phệ offer attractive financing options phệ all its passenger vehicle customers. As a part of the partnership, BOI will provide loans at an interest rate as low as 6.85 per cent. Interestingly, customers can avail of zero processing charges till 31 March, 2022, FOIR (Fixed Obligation phệ Income Ratio) basis which the current liabilities of the customer applying for loan will be capped at 70 per cent irrespective of the income slab and a higher loan amount eligibility for purchasing Tata Cars. The offers are applicable on the new forever range of ICE cars, SUVs, and EVs for personal segment buyers. Interestingly, the scheme offers a maximum of 90 per cent financing on the total cost of the vehicle (ex-showroom pricing + insurance + registration). Moreover, customers can also enjoy the benefit of special EMI option starting at Rs 1,502 per lakh on a seven-year repayment period. Commenting on the occasion, Rajan Amba, Vice President, Sales, Marketing and Customer Care, Passenger Vehicle Business Unit, Tata Motors, said, “We, at Tata Motors, have always tried phệ make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates. We are delighted phệ join hands with the Bank of India and this partnership is in line with our #FinancEasy Festival, wherein we are collaborating with multiple finance partners across India phệ make ownership of cars accessible, as well as a hassle-free process for the customers and thereby adding phệ 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.”Adding phệ it, Rajesh Ingle, General Manager, Retail Business, said, “We, at Bank of India have reoriented the banking services with retail customer as focal point by designing products that are aligned phệ customer needs. Our vehicle loan products with lowest rate of interest is one such product. Bank’s Tie-up with Tata Motors will be win-win for customers in the sense that they can access Best in class personal mobility solution with the Best finance option from Bank of India.”

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