Toyota Kirloskar and Union Bank Join Forces for Vehicle Financing Solutions

Toyota Kirloskar Motor has partnered with Union Bank of India to offer comprehensive vehicle financing solutions. Customers can avail up to 90% financing on Toyota vehicles with flexible terms and attractive interest rates. The initiative aims to simplify and enhance the vehicle purchase experience for private and commercial customers.

Toyota Kirloskar Motor on Friday announced a strategic partnership with Union Bank of India to enhance vehicle financing options for their customers.

Under this collaboration, customers can receive up to 90% financing on the total on-road price of any Toyota vehicle intended for private use. The scheme offers flexible loan tenures up to seven years with interest rates starting from 8.8% per annum, and includes a waiver on foreclosure or part-payment charges.

Sabari Manohar, Vice President, Sales-Service-Used Car Business at Toyota Kirloskar Motor, emphasized that the partnership aims to streamline the financing process and improve the overall customer experience. Union Bank's General Manager, Arun Kumar, highlighted that their digitized loan procedures will further facilitate a seamless purchase experience for customers.

(With inputs from agencies.)