Mumbai, September 23, 2009: Tata Motors has entered into an understanding with the State Bank of Hyderabad for financing its range of commercial vehicles to provide an added facility of finance to its customers.
State Bank of Hyderabad will offer loans for Tata Motors’ commercial vehicles up to 85% of the on-road cost (including vehicle cost, necessary accessories, road tax and insurance), for a tenure ranging up to 5 years, at a very competitive rate of 12.5%.
State Bank of Hyderabad is one of the largest Public Sector Undertakings in the country catering to the financial needs of industry as well as retail segment. The bank has pan India presence with about 1,035 branches.
This facility will be available at all the 1,035 branches of the bank and commercial vehicle dealerships of Tata Motors.
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