-0.35 (-0.10%) Tata Motors has joined hands with Bank of Maharashtra, one of India’s leading public sector banks, to make available the ‘Maha Super Car Loan scheme’ to all its customers. As part of the tie-up, Bank of Maharashtra will provide loans to Tata Motors’ customers at an interest rate starting from as low as 7.15% linked with Repo Linked Lending Rate (RLLR), subject to certain conditions.
This scheme will offer a maximum of 90% financing on the total cost of the vehicle (on-road pricing) for various individuals like salaried employees, self-employed people, professionals, businessmen, and agriculturists, whereas a maximum of 80% financing can be availed on the cost of the vehicle by corporate clients.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.