Mahindra & Mahindra Ltd. (M&M), one of India's leading auto brands, has entered into a MoU with the Bank of Rajasthan for vehicle finance.  

Under the arrangement, the Bank of Rajasthan will be a preferred financier for Mahindra vehicles, encompassing both commercial vehicles and passenger vehicles.

The lender will offer financing at a low rate of 10.50% for salaried employees and professionals and 11% for others.

Further, the extent of the loan will be up to 90% of the ex-show room price of the vehicle up to the tenure of 5 years.