Tata Motors ties up with HDFC Bank, now easy loans on commercial vehicles will be available

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Tata Motors on Thursday, December 7, 2023 to provide digital finance solutions to its commercial vehicle customers. HDFC bank Partnered with. According to the statement issued by the company, both the companies have signed a Memorandum of Understanding (MOU) in this regard.

Loan process will become easier

Under this partnership, HDFC Bank Tata Motors Will provide finance solutions for all types of commercial vehicles. This solution will be available digitally, which will help customers get loans easily and quickly.

Loan will be approved on digital platform

Under the partnership, HDFC Bank will also provide support to Tata Motors dealers. Dealers can help customers apply for loans using HDFC Bank’s digital platform and speed up the processing process.

‘Our commitment to improving customer experience’

Rajesh Kaul, Vice President and Business Head (Truck), Tata Motors, said, “This partnership is in line with our commitment to enhance customer experience through innovative digital solutions. With the expertise and reach of HDFC Bank, we aim to provide our customers with a better range of finance options.” This partnership will be for all commercial vehicles offered by Tata Motors, including buses, trucks and small commercial vehicles and ‘ Includes pickup vehicles.

‘We are committed to improving vehicle finance’

Balaji Verma, Executive Vice President (Commercial Vehicles Group), HDFC Bank, said, “We believe that access to vehicle finance is extremely beneficial for customers. We are committed to improving vehicle finance.

Both Tata Motors and HDFC Bank benefit

Both Tata Motors and HDFC Bank will benefit from this partnership. Tata Motors will be helped in increasing its commercial vehicle sales, while HDFC Bank will be helped in reaching new customers.

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