Toyota Kirloskar Motor (TKM) has announced its partnership with Indian Bank to offer vehicle financing options to its customers. The new tie-up will offer innovative solutions that match customers' evolving expectations, with up to 90% on-road funding, no processing fee, foreclosure, and part-payment charges.
A press release from TKM noted that the partnership aims to enable the bank’s customers, especially in the rural and semi-urban markets, to buy their Toyota vehicle.
Imran Amin Siddiqui, Executive Director, Indian Bank, noted that as a bank with Pa an India presence, especially in rural and semi-urban areas, this association will further boost its auto financing segment.
The digitalisation of loan procedures has significantly reduced the turnaround time for retail loans, he said, adding, “We are keen to provide our customers comfort and convenience by aligning our products and services customer centric.”
Atul Sood, Vice President, Sales and Strategic Marketing, Toyota Kirloskar Motor, said the collaboration seeks to provide simpler financing options, a hassle-free experience, and timely assistance to ensure a pleasant buying process.
“We believe that with this tie-up we will be able to further enhance our reach to all those customers who are keen to own a Toyota vehicle, while supporting them with financial value-added services,” Sood added.
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