State Bank of Mysore to Finance Tata Nano

Friday 13 March 2009, 00:00 AM by Rishi

After SBI and Union Bank, now Tata Motors has entered into an agreement with State Bank of Mysore to offer financing schemes for Nano customers. "This facility will be available at all branches of State Bank of Mysore and 329 sales touchpoints of Tata Motors. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for the customers," the company said.

State Bank of Mysore is one of the largest Public Sector Undertakings in the country catering to the needs of industry as well as retail segment. State Bank of Mysore has 673 branches across India and offers car loans up to 85 per cent of the on-road price of the car for up to seven years, the statement added. State Bank of Mysore offers car loans up to 85 % of the on road price of the car, for tenure ranging up to 7 years, at a very competitive rate. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for the customers.

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