Tata Motors has tied up with UCO Bank (formerly United Commercial Bank) for financing its range of commercial vehicles.
Under the agreement, UCO Bank will offer loans of up to 85 per cent on Tata Motors’ commercial vehicles on-road pricing. With 11.5 per cent interest rate for a tenure of up to seven years, this facility will be available through all Tata Motors and UCO Bank outlets, the company said in a statement.
Tata Motors has recently doubled the warranty on its entire range of heavy trucks, with 25 tonnes and higher gross vehicle weight, to four years.