Toyota Kirloskar Motor partners Karnataka Bank for vehicle financing options

Toyota Kirloskar Motor (TKM) on Monday announced that it has collaborated with Karnataka Bank to provide vehicle financing solutions to its customers across the country. Both the parties have signed a memorandum of understanding (MoU), following which the bank will act as one of the preferred financiers for the entire range of the carmaker's vehicles.

File photo of Toyota logo used for representational purpose only (AP)
File photo of Toyota logo used for representational purpose only

Karnataka Bank will provide finance options at competitive interest rates to TKM customers including those covered under priority sector schemes for purchasing both private and commercial use vehicles.

Also Read : Maruti’s upcoming Creta, Seltos rival could be based on this Toyota SUV

Through this partnership, customers will be offered a seamless experience of Karnataka Bank's digital car loan product. The digital product is claimed to be enabled with simplified and faster processing capabilities. "Karnataka Bank offers car loans through our extensive branch network with an indigenously developed end-to-end digital platform for existing as well as new customers," said the company's Managing Director and CEO, Mahabaleshwara M S.

Also check these Vehicles

Find more Cars
Toyota Glanza (HT Auto photo)
₹ 7.18 - 9.45 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Belta (HT Auto photo)
₹ 10 Lakhs *Expected Price
View Details
Toyota Camry (HT Auto photo)
₹ 39.41 - 41.20 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Fortuner (HT Auto photo)
₹ 33.43 - 51.44 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Toyota Vellfire (HT Auto photo)
₹ 1.20 - 1.30 Cr* *Ex-showroom price
Add to compare
Check latest offers
Toyota Supra (HT Auto photo)
₹ 85 - 95 Lakhs* *Expected Price
View Details

With new financing option, Toyota Kirloskar Motor aims to increase the penetration of its vehicles in rural areas, alongside metro cities. "To meet the growing demand and improve the sales experience of our customers in both metros as well as smaller markets, we are looking to further expand the reach of Toyota products across the country with a sharp focus on rural markets," said TKM Vice President - Strategic Business Unit, R Venkatakrishnan.

Also Read : Toyota Hilux pickup truck likely to launch in India next year

By collaborating with the Karnataka Bank, TKM hopes that it can bring about ease off finance to its customers. “We have focused on designing innovative schemes to suit the customer needs while also providing ease of finance," Venkatakrishnan added. “Along with our partner, Karnataka Bank, we hope to build on our respective strengths to create the best solutions for our customers."

First Published Date: 06 Dec 2021, 15:25 PM IST
Shopping Bag Shop Now
73% OFF
IDELLA Car Duster, Extendable Long Handle Microfiber Car Duster Exterior Scratch Free Car Cleaning Tool, Car Dust Brush for Truck, Pickup, SUV, RV, Motorcycle, Vehicles Cleaning,(Multicolor)
Rs. 239 Rs. 899
64% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 699 Rs. 1,939
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.