Toyota India announced the signing of a Memorandum of Understanding with Karnataka Bank to enable easy finance options for customers across a vast number of cities and towns in India.
Following the tie-up, Karnataka Bank will be one of the preferred financiers for the entire range of vehicles sold by TKM. The finance options at competitive interest rates will be available to customers, including those covered under priority sector schemes, for purchasing Toyota vehicles for both private and commercial use.
Sharing his thoughts on the alliance, Mahabaleshwara M.S, Managing Director & CEO, Karnataka Bank, said, “We are delighted to be collaborating with TKM and this partnership will offer quick and seamless experience of our digital car loan product to the customers, who are desiring to own world class products from TKM.”
“ Karnataka Bank offers car loans through our extensive branch network with an indigenously developed end to end digital platform for existing as well as new customers, enabled with simplified and faster processing capabilities. The partnership offers constant commitment towards providing best in class services to our customers as well as the potential buyers of Toyota Kirloskar Motor Vehicles.”