BoR ties up with Bajaj Auto to offer vehicle loans

Private-sector lender, Bank of Rajasthan(BoR) today entered into a tie-up with Bajaj Auto to offer two-wheeler loans.     

The tie-up will enable customers to avail of finance for vehicles at an attractive rate of interest, the bank said in a press release here.     

BoR has also reduced the processing charges by two per cent on vehicle loans in different maturity periods, the release said. The lender has a branch network of 463 and has a customer-base of 20-lakh.     

For the year ended March 31, BoR posted a net profit of Rs 118 crore as against Rs 115-crore in the previous year.