To boost up the facility of financing Toyota cars, Toyota Kirloskar Motor (TKM) has recently entered into a Memorandum of Understanding with the Union Bank of India. The plan here is to provide competitive financing solutions that help customers reduce their pains and stresses of vehicle acquisition to expand client base throughout India.
Terms that are good for Toyota buyers include such as 90% Financing on Toyota Vehicles. In this arrangement, customers can access finance of up to 90% of the on-road price of any Toyota vehicle used for private purposes. This huge offer also entails extra revival that does not involve any type of charge of part-payment or discharge. TKM noted that this is a step towards increasing the availability of vehicles and making the ownership of cars a pleasant process.
Private vehicle customers also enjoy flexibility about loan tenures that can extend up to a maximum of 7 years with interest rates of 8% per annum. For commercial vehicle customers, the partnership provides loans over 5 years with reasonable rates to guarantee the best deal for all kinds of clients.
Focus on the delivery of High-Quality customer service
Discussing this collaboration, Sabari Manohar, Vice President of Sales-Service-Used Car Business at Toyota Kirloskar Motor stated that TKM has always been on a mission to deliver a superior customer experience. “The major focus is to organize the financing options and make the financing process easy to understand, and the process hassle-free, besides providing the support at the right time to make the purchase of vehicle an enjoyable activity,” stated Manohar.
Identification of Union Bank of India’s Nationwide Support
While speaking for Union Bank of India as the General Manager Arun Kumar stressed the importance of this particular evaluation that will help the bank to move forward towards offering integrated financing solutions to customers of different states of the country. ‘This is well supported by the wide network provided by Union Bank of India across India which we believe will be well complemented by our digitized loan procedures for customers who wish to purchase a brand new Toyota vehicle,’ Kumar added.
This association between Toyota Kirloskar Motor – one of the largest car makers in the world and Union Bank of India is likely to give a new dimension to the vehicle financing sector in India making it easier, flexible, and customer friendly.
