BoI and TVS Motors to finance two-wheelers
By Bank of India (BoI) and TVS Motor Co. Ltd. ( | 20 Apr 2005
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Bank of India (BoI) and TVS Motor Co. Ltd. (TVS) have signed an MoU to provide customer finance under BOI's Star Autofin scheme, for individuals intending to buy TVS two-wheelers.
The scheme will be implemented through the branches of BoI and the TVS distribution network. TVS will promote financing of the two-wheelers through its dealer network from branches of BoI, which will provide finance to eligible customers at a concessional rate of interest, low processing charges and low to nil margins.
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