Chevrolet Ties-Up With IDBI Bank For Financing Vehicle
Welcome Back Reader! You Can Still Subscribe To Our RSS Feed , SMS Subscription Or Via Email Subscription
IDBI (Industrial Development Bank of India) and Chevrolet Sales India Private Limited (CSIPL) tied up with MoU to provide auto finance to prospective customers of Chevrolet. The MoU was signed by C S Jain, head-Personal Banking Group, IDBI Bank Ltd, and Ankush Arora, director & vice-president, Marketing & Sales, CSIPL.
As per the agreement, Chevrolet with its dealer network will collaborate with the bank for ‘retail/wholesale activation’ in order to facilitate vehicle business. The MoU will facilitate prospective customers of CSIPL with vehicle finance at attractive terms. The tenure of the loan facility will be up to seven years, with maximum funding on ‘on road price’ and quicker processing. IDBI bank would offer this facility to customers for cars and multi utility vehicles.
The bank would extend financing facilities to eligible customers for CSIPL cars and multi-utility vehicles. The tie-up will benefit both, IDBI Bank in further strengthening its position in retail loan space and CSIPL in leveraging the retail financing strength and reach of the bank.
The Industrial Development Bank of India Limited commonly known by its acronym IDBI is one of India’s leading public sector banks and 4th largest Bank in overall ratings. .It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. Some of the institutions built by IDBI are The National Stock Exchange of India (NSE), The National Securities Depository Services Ltd. (NSDL), the Stock Holding Corporation of India (SHCIL), IDBI Bank, as a private bank after government policy for new generation private banks.
Similar Posts:
- Maruti And IDBI Tied-Up For Vehicle Financing
- Honda Siel Cars Ties Up With Punjab National Bank For Financing Car
- GM India Ties Up With SBI For Vehicle Financing In Wholesale And Retail
- Honda Siel Cars India Ties-Up With Bank Of Baroda For Vehicle Financing
- Mahindra Ties Up With Punjab National Bank For Financing Vehicles
- Maruti Suzuki Ties-Up With IndusInd Bank For Car Financing
- State Bank Of India Sanctioned £175 To Jaguar Land Rover
- Mahindra Tied Up With UCO Bank For Vehicle Financing
- Tata Nano’s Rate War Out There?
- Canara Bank Fights Against SBI For Nano Interest Rates
Posted: October 2nd, 2009 under Cars.
Tags: chevrolet idbi, chevrolet india, General Motors, general motors idbi, idbi
