Corporation Bank ties up with Bajaj Auto

By Our Banking Bureau | 26 Mar 2004

Mangalore: Corporation Bank has tied up with Bajaj Auto Ltd for financing two-wheelers of the company to its customers.

In a press release yesterday, Mr M.D. Mallya, General Manager of the bank, said that the bank has entered into an agreement with Bajaj Auto Ltd to offer finance on easy instalments to acquire latter''s two-wheeler products.

Those purchasing two-wheelers under the Corp Mobile scheme can get finance up to 90 per cent of the cost of the vehicle at 9 per cent interest for a repayment period up to three years and at 9.5 per cent for repayment period of five years. "Under this tie-up, the bank will not charge any service charge till June 30," he said.