BoI and TVS Motors to finance two-wheelers

Bank of India (BoI) and TVS Motor Co. Ltd. (TVS) have signed an MoU to provide customer finance under BOI's Star Autofin scheme, for individuals intending to buy TVS two-wheelers.

The scheme will be implemented through the branches of BoI and the TVS distribution network. TVS will promote financing of the two-wheelers through its dealer network from branches of BoI, which will provide finance to eligible customers at a concessional rate of interest, low processing charges and low to nil margins.