Published : 15 September 2022
Read Time : 5 min
Author: Amit Saraswat
Mahindra is one of the most-popular SUV makers in the country. To make the purchasing process easier, Mahindra have joined hands with UCO bank to offer attractive financing options for their range of SUVs. Mahindra will benefit from UCO bank’s exhaustive coverage of over 3,000 branches across the country.
As part of the agreement, UCO bank will offer easy credit schemes to prospective Mahindra customers at attractive interest rates. As per the company release, UCO bank will also offer a high Loan To Value (LTV) ratio and will not impose any prepayment charges.
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Speaking on the occasion, Satinder Singh Bajwa, Sr. VP. head of sales and customer care, Mahindra Auto, stated, “Our tie-up with UCO Bank will enable us to offer attractive financing options to customers aspiring to own a Mahindra SUV. Our association with UCO Bank will help us turn those dreams to reality by making the SUV ownership experience easier, more accessible and more affordable.”
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Mahindra offer a range of SUVs in the country, including the Thar, XUV700 and Scorpio N. The waiting periods for all the 3 SUVs are pretty long and the carmaker is working tirelessly to reduce them. Mahindra are planning to increase their production output to curb the waiting period without cannibalising the sales of their other offering.
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