Mahindra & Mahindra has signed an MoU with Oriental Bank of Commerce (OBC) for personal and commercial vehicle financing. Customers of M&M will be able to avail of these services from any of the 1808 OBC branches. M&M has a total of 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 the Commercial and Passenger vehicle financing. It has been making attractive offers to its customers and this arrangement with M & M will be one of several such initiatives,” said Bansal.
Malhotra added, “With highly competitive schemes for car loans and commercial vehicles with up to 80 pre cent on-road funding and facility for repayment up to 84 months, we are hopeful of a good response from our dealers and customers.”