Hyundai shakes hand with Syndicate Bank for loans

Hyundai Motor India Ltd (HMIL), second largest car manufacturer and the largest passenger car exporter, has made another move with the Syndicate Bank to offer better loan facility to its consumers across the country. Hyundai Motors has signed an MOU with one of the largest public sector banks – the Syndicate Bank. This pact between auto maker and bank would offer better loan facility and accelerate bussiness for both the partners.

With over 2,200 branches across the far-ends of the country, the tie-up with Syndicate Bank will help both the partners to reach out to wider market and make loans convenient and easy to finance. Arvind Saxena, Sr. Vice President, HMIL, said that this tie up is a welcome move as there is a need for increased financing options and rationalized interest rates for the benefit of our customers.

Hyundai motor has set its image already in India as a leading car maker. Not only in metro but also in semi-urban cities, Hyundai has made its impact successsfully. Through this tie-up with syndicate bank, the company seeks to further strengthen its position across all major markets.