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