Tata Motors and UCO Bank enter MOU for CV Financing

Tata Motors entered into an understanding with UCO Bank, for financing its range of commercial vehicles, to provide an added facility of finance to its customers.

Through this tie-up, UCO Bank will offer loans of upto 85% on Tata Motors commercial vehicles on-road pricing. At very competitive rates starting at 11.50% p.a and tenure of upto 7 years, this facility will be available through all Tata Motors and UCO Bank outlets.

The MOU was signed by Mr. Ashish Tandon, Regional Manager, East, Tata Motors and by Mr. N. Mohanty, GM, SME, UCO Bank.