Tata Motors in tie-up with Union Bank

Tata group company, Tata Motors, on Tuesday said that it has entered into a tie-up with Union Bank of India (UBI) for financing its range of passenger vehicles.

UBI offers car loans up to 85 per cent of invoice, for tenure ranging up to 5-years, at a very competitive rate of 11 per cent to 11.25 per cent, a press release issued in Mumbai said.

This facility will be available at all branches of Union Bank of India and 329 sales touch-points 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 customers, the release said.