Our Bureau

Hyderabad, March 17

Andhra Bank has entered into a pact with Cynosure Enterprises Ltd for financing the purchase of latter's battery-operated bikes..

Under the pact, the bank would finance up to 90 per cent of the bike's road price an interest rate of 9.75 per cent for 36- month repayment schedule and 10 per cent for above 36 months of schedule.

The bank offers 50 basis points of interest concession for women and further 50 per cent concession for prompt payment.

(This article was published in the Business Line print edition dated March 18, 2006)
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