Mahindra has entered into a partnership with leading public sector lender UCO Bank, which will enable the company to offer attractive financing options to its SUV customers.
The tie-up will allow Mahindra to leverage UCO Bank’s exhaustive network of over 3,000 branches, extending the reach of its financing options to passenger vehicle customers across the country.
As part of the agreement, UCO Bank will offer credit to prospective car owners at attractive rates of interest, high LTV and without any pre-payment charges.
Speaking on the occasion, Satinder Singh Bajwa, Sr. VP Head - Sales & Customer Care, Automotive Division, M&M Ltd., said, “Our tie-up with UCO Bank will enable us to offer attractive financing options to customers aspiring to own a Mahindra SUV. Our association with UCO Bank will help us turn those dreams to reality by making the SUV ownership experience easier, more accessible and more affordable.”