-3.10 (-0.89%) Tata Motors has entered into an understanding with UCO Bank (formerly United Commercial Bank), for financing its range of commercial vehicles, to provide an added facility of finance to its customers. Though this tie-up, UCO Bank will offer loans of upto 85% on a Tata Motors commercial vehicles on-road pricing. At very competitive rates starting at 11.50% p.a and tenure of upto 7 years, this facility will be available through all Tata Motors and UCO Bank outlets.
Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.