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Saturday, August 18, 2012

Oriental Bank ties up with M&M for vehicle financing

Mahindra & Mahindra has signed an MoU with Oriental Bank of Commerce (OBC) for personal and commercial vehicle financing. Customers of M&M will be able to avail of these services from any of the 1808 OBC branches. M&M has a total of 250 dealer outlets.

The MOU was signed by Arun Malhotra, Senior Vice-President, Sales & Customer Care – Mahindra & Mahindra and Atul Gautam, General Manager, OBC in the presence of S. L. Bansal, Chairman & Managing Director, OBC.

OBC is expanding its operations in the Commercial and Passenger vehicle financing. It has been making attractive offers to its customers and this arrangement with M & M will be one of several such initiatives,” said Bansal.

Malhotra added, “With highly competitive schemes for car loans and commercial vehicles with up to 80 pre cent on-road funding and facility for repayment up to 84 months, we are hopeful of a good response from our dealers and customers.”


Reenee Stewart said...

Finance for commercial vehicles is very helpful. Many a time people are in need of finance to buy commercial vehicle. I have my double cabin pickup for commercial transportation and have got it through Finance from bank.

Double Cabin

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