Mahindra & Mahindra has signed an MoU with the Oriental Bank of Commerce (OBC) for personal and commercial vehicle financing. Customers of M&M will be able to avail of these services at any of OBC’s 1,808 branches. M&M has 250 dealer outlets.
The MoU was signed by Arun Malhotra, Senior Vice-President, Sales & Customer Care – Mahindra & Mahindra, and Atul Gautam, General Manager, OBC, in the presence of S. L. Bansal, Chairman & Managing Director, OBC.
“OBC is expanding its operations in Commercial and Passenger vehicle financing. It has been making attractive offers to its customers and this arrangement with M&M is one of several such initiatives,” said Bansal.
Malhotra added, “With highly competitive schemes for car loans and commercial vehicles with up to 80 per cent on-road funding and facility for repayment up to 84 months, we are hopeful of a good response from our dealers and customers.”