Barely a week after its tie up with Corporation Bank, Tata Motors has tied up with the Central Bank of India to finance its range of passenger vehicles. All 3,500 branches of the Central Bank and the 329 sales touch points of Tata Motors will make financing facilities available for Tata’s passenger cars under the above agreement. Currently, Central Bank’s car loan schemes cover 85 per cent of a vehicle’s on-road price for up to seven years at the rate of 10.5 per cent for a 36 month tenure and 11.5 per cent for more.
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