Auto majors Mahindra & Mahindra and Tata Motors today said they have signed vehicle finance agreement with Bank of Baroda (BoB).
Tata Motors has signed the agreement to finance its passenger vehicles, while Mahindra has inked the pact for utility vehicles, pick-ups, three wheelers and passenger cars, according to statements from the companies.
Customers can avail loan of up to 85 per cent on the road price of the vehicle for a tenure between five and seven years at 10.5 per cent per annum.