Tata Motors & Bank of Maharashtra Announces “Maha Super Car Loan Scheme”

by IndianAuto Team | 17/08/2021
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The new scheme has been announced in a bid to make Tata cars more accessible to customers.

In a bid to make its passenger vehicles more accessible to customers, Tata Motors has joined hands with the Bank of Maharashtra and together they have announced the new “Maha Super Car Loan Scheme”.


Under the partnership, the Bank of Maharashtra will provide loans to customers planning to buy a Tata car at an interest rate starting from as low as 7.15% linked with Repo Linked Lending Rate (RLLR), subject to certain conditions. This scheme will offer a maximum of 90% financing on the total cost of the vehicle (on-road pricing) for various individuals like salaried employees, self-employed people, professionals, businessmen, and agriculturists; whereas a maximum of 80% financing can be availed on the cost of the vehicle by corporate clients.


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This partnership is also offering the customers a hassle-free option of getting their loans approved with zero processing fee till 30th September 2021 under “Monsoon Dhamaka Offer”.

Customers can benefit from an easy and quick sanction of loans with no pre/part payment charges. That’s not all, future car owners can also take advantage of a special EMI option starting with Rs.1,517 per lakh for 7 years. In addition to the above, the partnership has laid out a 0.25% concession in the ROI for corporate salary account holders and existing housing loan borrowers.


To avail the above schemes, customers can reach out to their nearest Tata Motors dealer or through the Bank of Maharashtra branch, register their interest in buying a Tata car.

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