AU Small Finance Bank and Tata Motors Partner for Passenger Vehicle Finance
AU Small Finance Bank on Thursday announced its combination with Tata Motors to offer financing options to customers on the latter’s new permanent range of passenger cars and LCVs.
Under this program, customers will benefit from unique EMI options with a repayment term of up to seven years. This offer is aimed at employees, liberal professions, non-professional liberal professions, farmers, dairy farmers, etc., including new credit customers. “In addition, customers can also apply for a car loan through the AU 0101 application to avail of pre-approved offers,” the bank said in its statement.
“We are delighted to partner with Tata Motors as the desired financier for passenger vehicle loans. With this association, we hope to leverage the wide reach of both brands in rural, semi-urban and urban markets and enable many Indians to fulfill their dreams of owning their vehicles. The Bank’s combination with Tata Motors will be a win-win solution for customers, as they will be able to access best-in-class personal mobility solutions with AU Bank’s best financing option. Customers will receive attractive pre-approved offers at competitive prices using the AU 0101 app. emissions. We are confident that our auto credit facilities will appeal to target markets in India. This combination is a testament to the Bank’s continued efforts to meet the needs of emerging India,” said Bhaskar Karkera, Head of Wheels Business, AU Small Finance Bank.
This offer is available at AU Small Finance Bank branches and Tata Motors dealerships in the states of Jammu, Himachal Pradesh, Haryana, Punjab, Delhi NCR, Rajasthan, Gujrat, Maharashtra, Goa, Madhya Pradesh, Chandigarh, Chhattisgarh, etc. above, customers can contact the nearest AU Small Finance Bank branch or register their interest in purchasing a Tata car through the Tata Motors dealership. The bank said.
Ramesh Dorairajan, Senior Managing Director – Network Management and EV Sales, Tata Motors Passenger Vehicles Ltd, said: “We are delighted to partner with AU Small Finance Bank, India’s largest small-scale bank, to bring our wide range of vehicles available to more people. set of customers, with easy financing and flexible repayment options. This tie-up is in line with Tata Motors’ goal to make mobility solutions more affordable and accessible for individuals and families at great rates. We look forward to a fruitful and mutually beneficial partnership.”
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