Bajaj Auto Ltd (BAL) announced a strategic national tieup with Union Bank of India (UBI) on Wednesday to offer loans for its two-wheeler customers. This tieup will enable customers to avail 100 per cent finance on the road cost of vehicles at nine per cent reducing interest rate and with a repayment tenure between one and five years.
The tieup aims to make two-wheeler buying much easier for the urban and rural customer. "BAL has embarked on a major retail thrust to offer easy and attractive consumer finance schemes to the consumers across the 1,500 authorised dealerships and outlets across the county.
Union Bank of India also has identified consumers and specifically two-wheeler finance as a major focus activity to be undertaken from all its branches and retail marts across the country," said Mr S. Sridhar, vice-president marketing, BAL. With this tieup, UBI will get immediate access to the nation wide Bajaj sales network, while BAL will look forward to boosting its finance sales volumes with affordable and competitive rates of interest.
Bajaj Auto Ltd will leverage the retail financing strength and reach of UBI for close to 100 per cent finance coverage across the country aimed specifically for rural markets.
The tieup aims to make two-wheeler buying much easier for the urban and rural customer. "BAL has embarked on a major retail thrust to offer easy and attractive consumer finance schemes to the consumers across the 1,500 authorised dealerships and outlets across the county.
Union Bank of India also has identified consumers and specifically two-wheeler finance as a major focus activity to be undertaken from all its branches and retail marts across the country," said Mr S. Sridhar, vice-president marketing, BAL. With this tieup, UBI will get immediate access to the nation wide Bajaj sales network, while BAL will look forward to boosting its finance sales volumes with affordable and competitive rates of interest.
Bajaj Auto Ltd will leverage the retail financing strength and reach of UBI for close to 100 per cent finance coverage across the country aimed specifically for rural markets.