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Monday, Aug 16, 2004

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SBT-Bajaj auto finance

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THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) and Bajaj Auto Ltd have entered into a partnership to provide finance for all motorcycles manufactured by Bajaj, according to a press release issued by SBT.

The features of the scheme include an additional year's warranty on all motorcycles and free, two-year accident insurance cover of Rs 2 lakh.

The loans available under the scheme carry an interest rate of 11.5 per cent and can be repaid in a maximum of 72 months, the release added.

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