Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company, has informed that it has joined hands with public sector lender Punjab National Bank (PNB) for financing its entire range of passenger cars.
The latest tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers.
The lender offers car loans up to 90 per cent of invoice for tenure ranging up to seven years at a rate of 10.5 per cent to 11 per cent.