New Delhi: Tata Motors on Tuesday said it has tied up with public sector lender Andhra Bank for providing finance services to customers for commercial vehicles.
"Tata Motors has entered into an understanding with the Andhra Bank for financing its range of commercial vehicles to provide an added facility of finance to its customers," the company said in a statement.
Under the arrangement, Andhra Bank will offer loans for Tata Motors' commercial vehicles up to 90 per cent of the on-the road cost(including vehicle cost, road tax and insurance), for up to 6 years, at a rate of 12.5 per cent, it said.
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The facility will be available at all the 1,550 branches of the bank and commercial vehicle dealerships of Tata Motors.
