Wednesday, July 23, 2025

Tata Motors Partnered With Kotak Mahindra Bank To Offer Three New Finance Options

The ongoing COVID19 pandemic has badly impacted most of the sectors of the market, including automobiles. As a result, many carmakers, including Tata Motors have witnessed a huge decline in demands for new vehicles. So, in an effort to encourage prospective customers in these challenging times and increase sales, Tata Motors has partnered with Kotak Mahindra bank and introduced three new finance options, namely the Red Carpet, the Prime Vishwas, and the Low EMI schemes. These finance schemes are targeted for different customer profiles like salaried, self-employed, no-income proof. Here are the details: – 

Tata cars finance

Also Read: Tata Tiago Gets A New XTO Variant At Rs 5.47 Lakh

– Starting with the Red-Carpet Scheme, it is mainly for customers with income proof. And interestingly, there is no fixed obligation to income ratio (FOIR) for loans of up to Rs 11 lakh. Under this scheme, prospective buyers can avail of up to 90% funding on the on-road price of their preferred Tata car for a loan tenure of up to 7 years. Besides, Tata is also offering some kinds of benefits for pre-payment and part-payment of loans. 

– The Prime Vishwas Scheme is for customers with no income proof. Under this scheme, the loan assessment will be done based on agricultural land or ownership asset. Buyers can get up to 90% funding on ex-showroom price for a tenure of up to 5 years. 

– As the name suggests, the Low EMI scheme allows customers to avail up to 50% low EMI (EMIs starting at as low as Rs 999 per lakh) for the first 3 months to reduce the initial burden on customers and access up to 80% on-road funding. Both salaried and self-employed buyers can avail of these offers.

car loan offers

Also Read: Tata Nexon EV Gets Two New Updates

To get benefits from these above-mentioned finance schemes, customers can reach out to their nearest Tata Motors dealer or a Kotak Mahindra Prime branch or visit their official website to register their interest.

In other updates, Tata Motors is also offering various offers on their select models with maximum benefits up to Rs 65,000. Click here for details. 

Car News

Maruti Baleno and Ertiga Now Get Standard Six Airbags

0
For the past few months, Maruti Suzuki has been updating the safety quotient of its cars. In line with this, India's largest passenger carmaker...

Range Rover Velar Gets New Autobiography Variant

0
The Range Rover Velas has received a new top-spec variant at Rs 89.9 lakh (ex-showroom), called the Autobiography. It is available with both diesel...
2025 TVS Apache RTR 310 specifications

2025 TVS Apache RTR 310 Launched With New Features

0
Aimed at enhancing rider experience and performance, the 2025 TVS Apache RTR 310 has been launched in India, with a host of new features...

MG M9 Electric MPV Launched In India At Rs 69.90 Lakh

0
The MG M9 luxury electric MPV has finally been launched in India at an introductory price tag of Rs 69.90 lakh (ex-showroom). It was...

Related Articles

New Renault Triber Facelift Launched In India At Rs 6.29 Lakh

Priced from Rs 6.29 lakh.  Available in four trims: Authentic, Evolution, Techno, and Emotion. Exterior highlights include a new blacked-out grille, redesigned bumpers at both ends,...

Honda Shine 100DX, CB125 Hornet Revealed, Bookings Open In August

Honda 2-wheelers India has expanded its entry-level motorcycle lineup with the unveiling of two new bikes: Shine 100DX and CB125 Hornet. Bookings for both...

New Renault Triber Teased; Launch Tomorrow

Renault India has teased the Triber facelift for the first time, ahead of its launch tomorrow, ie, July 23. The refreshed sub-4m MPV is...

Skoda-Volkswagen Issue Another Recall Over Seatbelt Flaw In Multiple Models

Skoda Auto Volkswagen India Limited (SAVWIPL) has announced another recall for seat belt-related issues this year, affecting the Skoda Kylaq, Slavia, Kushaq, Volkswagen Virtus and...

You Can Now Book The 2025 Kia Carens Clavis EV

Kia India has started accepting bookings for the Carens Clavis EV for a token amount of Rs 25,000. Interested customers can reserve one for...