SBI will be one of the preferred financiers for the entire range of vehicles marketed by Toyota in India.
The MoU aims at targeting high end customers who will be availing car loans from SBI above Rs 5 lacs onwards. SBI has come out with a special scheme called SBI Advantage Car Loan Scheme for this niche segment.
The scheme will be implemented in all RACPCs, all PBBs, all District Head Quarter Branches, Project area branches and Branches specially authorised by AGM (Region). Maximum loan amount will be 48 times of NMI or 4 times of NAI.
(Published 27 January 2010, 15:49 IST)
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