Toyota Kirloskar Motor (TKM) on December 6 announced the signing of a Memorandum of Understanding with Karnataka Bank to enable easy finance options for its customers.
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.
Mr Mahabaleshwara MS, Managing Director & CEO, Karnataka Bank, said, “This is a collaborative effort of two great brands, Karnataka Bank and Toyota Kirloskar Motor, to provide the best-in-class service to our customers. 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 desire to own world-class products from TKM.”
Mr. R Venkatakrishnan, Vice-President, Strategic Business Unit, TKM, said, “TKM always strives to enhance & aid customer convenience by introducing timely and relevant schemes for easy finance options. This tie-up is one such endeavour, enabled to establish new-age banking and finance solutions for a hassle-free and seamless buying experience for our customers.”
