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Bank of Rajasthan affiliates with Mahindra & Mahindra

Tuesday, September 8, 2009 10:39 am
By ShareGyan.com NewsDesk

Bank of Rajasthan has got into alliance with Mahindra and Mahindra to provide car loans. The lender has signed a MoU with M&M for the same.
According to this contract, those who are drawing fixed income as wages will receive loans at 10.5%, whereas the professionals will be levied 50 basis points advanced for the automobile loan.
The finance will be obtainable for the utmost period of 5 years and nearly 90% of the brands ex-showroom price. BoR had affiliated with Pune-based Bajaj Auto in August.

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