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Mahindra & Mahindra and Central Bank preferred financier tie-up for car, three-wheeler and Commercial Vehicle loans

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M&M Central BankThese schemes include Cent Sahyog, Cent Vehicle & SRTO Schemes and will be on offer to customers of M&M from across CBI’s 4500 branches in the country and M&M’s 250 dealers across India. These finance schemes will benefit customers offering them the most competitive rates of interest where purchase of three wheelers, cars and commercial vehicles are concerned.

Through this easy finance facility, Central Bank of India is continuing its commitment to expand operations in commercial and passenger vehicle financing and extend better services to customers. M&M also looks upon this agreement as a way in which to expand their reach in the market giving customers products and services at affordable rates of interest and are optimistic of getting increased response from both dealers and customers.

Mohan V. Tanksale, Chairman and Managing Director, Central Bank of India said, “Central Bank of India is continuously expanding its operations in commercial and passenger vehicle financing, duly suiting to the needs of all segments of customers through its various tailor made loan products.” He further said that this tie up will benefit mutually both the organizations by helping them extend better services to customers.

Mr. Narender Singh, General Manager, Central Bank of India, after signing the MoU said that this arrangement will be promoted for the benefit of customers at the most competitive interest rates.

Arun Malhotra, Chief Sales & Customer Care Officer, Automotive Division, Mahindra & Mahindra Ltd. said, “At Mahindra, we always look at options to provide the best schemes to our customers and give them the power of choice. This strategic tie-up is a step in the same direction. Central Bank of India offers innovative products and services at affordable rates. With highly competitive schemes for car loans, three wheeler loans and commercial vehicle loans, we are hopeful of a good response from our dealers and customers.”