Karur Vysya Bank (KVB) has entered into an arrangement with Tata Motors to fund buyers of Tata passenger vehicles. Both existing and new customers will be eligible to avail loans from KVB. The bank seeks to leverage the vast new car retail network of Tata Motors across India. KVB has a branch network of 779 across 22 States & UTs.
KVB is offering a special product for buyers of Tata Motor passenger vehicles under which 100% on-road finance with a 6 month holiday period is provided at attractive interest rates. The scheme is applicable only for 3 models, viz., Tata Tiago, Tata Nexon and Tata Altroz. The loans are available to both the salaried and self-employed.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
