M&M in tie-up with Bank of Rajasthan

BANGALORE: Mahindra and Mahindra Ltd has signed a Memorandum of Understanding (MoU) with Bank of Rajasthan for vehicle finance.

The Bank would now be a preferred financier for Mahindra vehicles, encompassing both commercial and passenger vehicles, M&M said in a statement.

Auto loan financing would be available at 10.50 per cent for salaried employees and professionals and 11 per cent for others. The loan's extent would be up to 90 per cent of the vehicle's ex-showroom price up to five year tenure.