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Tata Motors signs a contract with Indian Bank

Wednesday, July 1, 2009 5:17 pm
By ShareGyan.com NewsDesk

Tata Motors has inked a contract with Indian Bank for providing finance to consumers for purchasing Fiat cars.
The loans will be offered around 85% of the ‘on-road cost’, for the period of nearly 7 years with an interest rate of 11.50% per year on an acquisition of fresh Fiat cars. Fiat provides 3 cars Palio, Linea and Grande Punto. This service will be given to consumers at 1,646 offices of Indian Bank and in addition, through 100 sales touch points of Tata-Fiat distribution complex.

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