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.

It may be noted that PNB has pan-India presence with about 4,604 branches, including extension counters spread all over the country.

In addition, the facility would be available at all 329 sales touch points of Tata Motors.