Auto maker Tata Motors announced that in order to provide an added facility of passenger vehicle finance to its customers, it has entered into an understanding with State Bank of Hyderabad for financing of Fiat cars. The Fiat cars are available through the Tata-Fiat dealer network.

Fiat customers can avail loans up to 85 per cent of the on-road price, for tenure ranging up to 7 years, at an attractive interest rate of 10.25-10.75 per cent p.a. for new Fiat cars of their choice from the Fiat Linea, the Fiat Palio Stile and recently launched Fiat Grande Punto. This facility will be available at all the branches of State Bank of Hyderabad (except Service branches). This tie-up will provide consumers a single window for availing loans for the whole range of Fiat cars distributed by Tata Motors.

The State Bank of Hyderabad a government owned bank and the State Bank of India’s largest Associate. Customers can also avail the facility at the 100 sales touch points of Tata-Fiat distribution Network.