Toyota Kirloskar Motor (TKM) and Union Bank of India have joined forces to bring a fresh wave of optimism to vehicle buyers nationwide. This innovative partnership introduces a new era of financing options, offering up to 90% coverage on the on-road price of Toyota vehicles for private use, without the burden of foreclosure or part-payment charges.
The collaboration features the Union Vehicle Scheme, providing flexible tenures up to 84 months with competitive interest rates starting at 8.80% per annum, and the Union Parivahan Scheme for commercial vehicles, with tenures extending up to 60 months. Union Bank’s vast network ensures that these opportunities reach customers from all walks of life.
This initiative is expected to have a profound impact. As the demand for reliable vehicles grows in the region, the new financing options will make owning a Toyota more accessible than ever. This is especially significant for many in Manipur who have long desired quality vehicles but faced financial barriers. Mr. Sabari Manohar, Vice President of Sales-Service-Used Car Business at TKM, spoke about the partnership’s mission to enhance customer experience by simplifying vehicle financing. Mr. Arun Kumar, General Manager at Union Bank, highlighted the bank’s commitment to streamlining the auto finance process, ensuring that more people can achieve their dream of owning a Toyota.
