Saturday , 2 December 2023
Home News Mahindra ties up with UCO Bank to offer attractive financing options on SUVs
NewsPress Release

Mahindra ties up with UCO Bank to offer attractive financing options on SUVs

Mahindra Logos-01

Mahindra & Mahindra, India’s leading SUV manufacturer, today entered into a partnership with leading public sector lender UCO Bank, which will enable the company to offer attractive financing options to its SUV customers.

The tie-up will allow Mahindra to leverage UCO Bank’s exhaustive network of over 3,000 branches, extending the reach of its financing options to passenger vehicle customers across the country.

As part of the agreement, UCO Bank will offer credit to prospective car owners at attractive rates of interest, high LTV and without any pre-payment charges.

Speaking on the occasion, Satinder Singh Bajwa, Sr. VP Head – Sales & Customer Care, Automotive Division, M&M Ltd., said, “Our tie-up with UCO Bank will enable us to offer attractive financing options to customers aspiring to own a Mahindra SUV. Our association with UCO Bank will help us turn those dreams to reality by making the SUV ownership experience easier, more accessible and more affordable.”

UCO Bank Executive Director Shri Ishraq Ali Khan said, “Mahindra & Mahindra Dealers and UCO bank officials will be working in tandem for the benefit of customers. With this tie-up, UCO Bank will offer loan facility to Mahindra customers belonging to various profiles including salaried, self-employed, businessmen, professionals and farmers. UCO Bank will offer attractive terms on the loans, thereby making it easier and more affordable for customers to own a Mahindra SUV.”

Written by
Sanjay Jadhav

A journalist with more than eight years of experience in print and online media. Covered I-League, Indian Super League, Pro Kabaddi League, Motorsports, local sports, features, and Pune news. Also passionate about Travel, Auto, Food, and Aviation.

Leave a comment

Related Articles

Droupadi Murmu confers President’s Colour on Pune AFMC

President Droupadi Murmu on Friday urged women keen on a career in...

Shorter US visa wait time for students, tourists with more slots & centres soon

Indian students and visitors going to the US can soon expect more visa appointment slots and processing...

40 Aboard Chennai-Pune Bharat Gaurav Train Fall Sick Due to Food Poisoning

As many as 40 passengers onboard a Bharat Gaurav Train From Chennai...

Bonfiglioli’s New 100 crores State-of-the-Art Facility Comes up in Pune

Pune: Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori S.p.A.,...