Tata Motors join hands with SBI to offer easy finance options
Published On Mar 26, 2021
As part of the 3 years MoU, Tata Motors aims to leverage SBI's rural reach by offering contactless lending platform technology for transparency and a reduced turn around time in the loan approval process to small and light commercial vehicles.
To help you purchase your favourite Tata small and light truck faster with easy and simple finance options, Tata Motors has inked a three-year MoU with the State Bank of India to offer unique financial assistance for the purchase of small and light commercial vehicles. In addition to inducing employment, this collaboration will also stir demand for Tata Motors’ BS6 range of vehicles. Through this partnership, both the companies are trying to take advantage of SBI’s Contactless Lending Platform technology to ensure uniformity, transparency and a reduced turnaround time in the loan approval process.
Tata Motors’ diverse small and light commercial vehicle portfolio with key products such as Ace Gold, Yodha, Intra V10, V30 and 407 Gold SFC has been extremely popular and preferred by last-mile truck buyers. This partnership with SBI will allow Tata Motors’ CV customers to avail loans in a hassle-free manner as well as access SBI’s unique technology-laden offerings. This partnership will introduce easy loan structured schemes which will help mitigate the cost difference between the BS4 and the BS6 vehicles for both, down payment as well as the EMI of the vehicle.
Tata Motors newly revamped BS6 truck range is engineered on the ‘Power of 6’ philosophy, which offers the best in terms of comfort and convenience, profitability, performance, safety and security and offers great value to the customers. The robust and reliable vehicles are supported by value-added services like the Sampoorna Seva 2.0, Tata Samarth – Tata Motors’ commitment to commercial vehicle driver welfare, uptime guarantee, customised annual maintenance and fleet management solutions.