Tata Motors signed MOU with United Bank

Tata Motors, India's largest automobile company, signed an understanding with United Bank of India, India is one of the largest Public Sector Banks, for financing the purchase of the passenger vehicles manufactured by it. This tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers. United Bank of India has also been empanelled for the Nano Booking Retail Finance with Tata Motors. The bank has pan India presence with a network of 1450 branches including extension counters across the country. United Bank of India offers car loans up to 90% of on-road price, for tenure ranging up to 6 years, at a very competitive and attractive rate of interest. This facility will be available at all 1450 branches of United Bank of India and 470 sales touch points of Tata Motors.