Tata Motors collaborates with Union Bank of India

In the series of Tie-up with PSU banks in India Tata Motors has added one more bank by entering into a tie-up with Union Bank of India. According to Tata Motors the company has entered into a tie-up with Union Bank of India to finance its passenger vehicles in India. Tata Motors is launching Tata Nano on 23rd of March and booking amount of Tata Nano has been decided at the level of Rs 70,000. Before this Tata Motors has made many tie-ups with PSU banks like State Bank of India, Corporation Bank of India and Central Bank of India.

Currently Union Bank of India is Providing loan on passenger vehicles up to 85% of their invoice. The bank is providing loans for a period of up to 5 years.This facility will be available on all Sales Touch Points of Tata Motors and all branches of Union Bank of India.