Tata Motors partners with IndusInd Bank
Leading automotive manufacturer Tata Motors in association with IndusInd Bank has introduced finance offers for its passenger vehicle customers. In a statement issued here today, the company said that it is striving to make its new Forever range of cars and UVs more accessible in these challenging times. The company is partnering with banks to offer attractive offers to its customers.
As part of this partnership with IndusInd Bank, the company will also bring a step up scheme wherein customers can choose and buy a car of their choice from the range of passenger cars in the country. For this, they will get the benefit of the scheme with special low EMI option for the first 3-6 months.
Under the Step Up Scheme, customers can now avail reduced EMI options of up to 60 per cent starting from Rs 834 per lakh per month depending on the plan and products at a lower interest rate. As per the plan, the EMI payment will remain low over a period of 3-6 months, depending on the convenience of the buyer. This non-income proof will be provided with tenure options ranging from 1 to 7 years depending on the fund and product and variant. Apart from this, Loan to Value (LTV) of up to 85 per cent is available on the ex-showroom price on the purchase of Harrier, Safari or Tigor, while customers will get 90 per cent LTV on the purchase of Tiago, Nexon or Altroz.
