Public sector lender Corporation Bank has tied up with Atul Auto Ltd for financing commercial vehicles manufactured by the Gujarat-based company.
For this, the Bank has signed a Memorandum of Understanding with the three-wheeler maker to facilitate finance for those buying its commercial vehicles across India, according to a bank release here.
The tie up makes Corporation Bank as the preferred financier for financing commercial vehicles of the company. The Bank will offer financing facilities to the eligible customers for purchasing commercial vehicles of the company through its branches.
The Bank had recently introduced incentives for vehicle dealers and their sales executives for sourcing vehicle loan.