Tata Motors tie-up with Canara Bank

Tata Motors has entered into an understanding with Bangalore headquartered Canara Bank for financing of Fiat cars available through the Tata-Fiat dealer network.   

Customers can avail loans up to 90 per cent of the "on-road cost", for tenures ranging up to seven years, at an interest rate of 11 per cent for new Fiat cars from the Linea, Palio and the recently launched Grande Punto range.    

This facility would be available at all 2,735 branches of Canara Bank and the 100 sales touch points of the Tata-Fiat distribution Network, a Tata Motors statement said.