With an aim to make equipment financing an easy, efficient, and simple process, Sany Bharat recently signed a Memorandum of Understanding with the Union Bank of India. As per the agreement, the network of Union Bank will extend equipment finance to customers of Sany Bharat across the country.
While both parties have agreed to pool their resources and capabilities for mutual benefits, buyers of Sany equipment can now avail of a loan of up to 90% of the equipment cost, noted Dheeraj Panda, Chief Operating Officer (Sales, Marketing & Customer Support), Sany Heavy Industry India.
He said, “By joining hands with Union Bank of India, interest rates will no longer prevent our buyers from becoming a proud owner of Sany equipment. Our association with Union Bank will not only be mutually beneficial but has the potential to herald amazing growth prospects for our customers and stakeholders alike.”
Union Bank of India has recently opened funding for the retail and construction Equipment Sector from INR 10 lakh loan to INR 50 crore.
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