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| Tata Capital to offer auto loans at attractive rates |
| Press Trust of India / Mumbai Oct 06, 2009, 14:00 IST |
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Tata group company, Tata Capital, today announced the introduction of its auto loans at attractive rates.
"Tata Capital auto loans will be offered at very attractive rates to the discerning customer. Customers looking out for a quick and hassle-free way of getting an auto loan will now be able to avail the same through Tata Capital's offices across leading markets in India," a press release issued here said.
As a part of the offer, the auto loans will be available at an interest rate of as low as 10.5 per cent on all new car loans plus special waiver on processing and foreclosure charges.
The offer will be available till October 31 on all fresh auto loan proposals, the release said.
Tata Capital's Consumer Finance and Advisory Business Head, Jamshed Daboo, said: "While taking an auto loan seems simple enough, people are often left wanting for relevant advise and available finance options. Our well-trained advisory team will empower our customers with accurate information to help them take informed decisions."
Tata Capital had recently embarked on a bold new initiative called Consumer Finance and Advisory Business (CFAB), an integrated sales and service structure which dovetails all consumer finance and advisory products and services into a single network.
Through CFAB, Tata Capital will offer a diverse mix of retail offerings in the areas of consumer loan products and financial advisory services, including auto loans.
The company plans to cover 71 cities through a chain of over 120 branch offices by December this year, the release added.
These touch-points will offer a diverse mix of retail offerings in the areas of consumer loan products and investment advisory services, it said.
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