Tata Motors has formed an alliance with Central Bank of India to provide financing facilities for its range of passenger vehicles.
The bank would offer finance at its all 3,500 branches and 329 sales touch points of the India’s largest automobile company.
Central Bank offers auto loans up to 85% of the on-road price, for up to seven years. The interest rates are 10.5% per annum for a 36 month period and 11.5% for more than 36 months.