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Thursday, Mar 25, 2004

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Money & Banking - Consumer Finance


Corpn Bank, Bajaj Auto ink pact

Our Bureau

MANGALORE: Corporation Bank has entered into a marketing tie-up with Bajaj Auto Ltd to finance two-wheelers of the company to its customers.

In a press release here on Wednesday, 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.

Quoting Mr K. Narayanan, Regional Manager (Two-wheeler), Bajaj Auto Ltd, the release said that the company's tie-up with Corporation Bank would fulfil various product and finance requirements of customers.

More Stories on : Consumer Finance | Two/Three Wheelers | Public Sector Banks | Karnataka

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