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Karnataka Bank signs MoU with Toyota Kirloskar Motor

Capital Market 

To offer financing options for purchase of Toyota vehicles

Karnataka Bank has signed a Memorandum of Understanding (MOU) with Toyota Kirloskar Motor (TKM) in a joint effort to introduce attractive financing options for its customers to purchase their favourite Toyota vehicles.

Under this collaborative initiative, Karnataka Bank becomes one of the preferred financiers for the vehicles sold by Toyota Kirloskar Motor in India. Customers can avail loans through the digital platform of the Bank with a competitive interest rate linked to External Benchmark Lending Rate (EBLR) which will be updated on the Bank's website periodically, industry best on-road pricing and tenure of loan up to 84 months for purchasing Toyota Kirloskar Motor vehicles for both private and commercial use.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, December 07 2021. 16:41 IST