NEWS & ADVICE : CAR LOANS
Hyundai Motors and UBI sign vehicle finance deal
By Vaibhav Aggarwal
Jul 28, 2010
Print    Email    RSS   

Hyundai Motors India Ltd. (HMIL) has signed a memorandum of understanding with public sector lender, United Bank of India as a step to facilitate its customers with better vehicle financing options.

The deal has been signed by Mr. Arvind Saxena, Director, Marketing & Sales, HMIL and Mr. R. K. Mohanty- General Manager Retail Banking, HRD, Planning, Resources & Research.

United Bank of India (UBI) is one of the premier banks of the country. The Kolkata based bank has 1,558 branches and more than 300 ATMs across the country. The alliance between the two majors is expected to benefit them in leveraging each other's strengths and thus reach out to a bigger share of the market.

Mr. Arvind Saxena, Director, Marketing and Sales, HMIL, said, "We are pleased to announce this partnership with United Bank of India as our customers will greatly benefit with the competitive rates and convenient locations that the bank provides. As we are rapidly increasing our sales network this tie up will further help us to reach our customers and increase our reach both in terms of our products and the finance option as well. We are confident that this effort will help us reach out to a wider consumer base with better and easier finance options."


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Effect of employment on loan eligibility...
Loans against Cars: A Quick Solution for...
Carnival of Indian Personal Finance Blogs #2
Managing loans through difficult times
Carnival of Indian Personal Finance Blogs #4


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive