In order to provide an added facility of car finance to its customers, Tata
Motors has entered into an understanding with State Bank of Travancore for
financing its range of passenger vehicles.

State Bank of Travancore is one of the largest public sector undertakings in
the country catering to the needs of industry as well as retail segment. The
bank has 723 branches spread across the country.

The bank currently offers car loans up to 85 per cent of the on road price,
for tenure ranging up to 7 years. It is offering car loans at rates frozen
at 10 per cent up to May 15, 2010 for loans sanctioned on or before April
30, 2009.

The finance facility will be available at all branches of the bank and also
at Tata Motors 470 sales touch points.

B.Karthick
Research Analyst
WWW.KENCES1.BLOGSPOT.COM <http://www.kences1.blogspot.com/>

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