Tata Motors inks pact with State Bank of Hyderabad

Tata Motors inks pact with State Bank of Hyderabad Tata Motors, India's largest automobile company, has entered into an understanding with public sector lender State Bank of Hyderabad for financing of Fiat cars available through the Tata-Fiat dealer network.

Under the agreement customers can avail loans of up to 85 per cent of the "on-road price'' for a tenure ranging up to 7 years at an interest of 10.25-10.75 per cent annually for Fiat brands including Linea, Palio Stile and Grande Puntoement.

This facility will be available at all the branches of State Bank of Hyderabad (except service branches) and nearly 100 sales touch points of Tata-Fiat distribution network.