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Mahindra and Mahindra signs MOU with Indian Overseas Bank

29 December, 2011

India's leading automobile company Mahindra and Mahindra is concerned for serving its customers by every possible manner and offering the best reliable products. The domestic automobile company has recently signed an agreement with Indian Overseas Bank, a leading public sector bank in India. The Memorandum of Understanding was signed by Shri M.S.Raghavan, General Manager and Mr. Arun Malhotra Sr. Vice President Sales & Customer Care of M&M, in the presence of Shri K Subrahmanyam, General Manager of Indian Overseas Bank.     

The MOU is aimed to serve  those customers who seeking for car loan, now easily get from Indian Overseas Bank. Car buyers can avail the opportunity of easy finance on M&M cars from over 2000 branches of Indian Overseas bank that requires to go through some easy procedures. 

“We have signed a great deal to serve Mahindra car buyers with the best deal that covers 90 per cent  on road cost and also includes 5 to 7 years repayment options,”  Shri K. Subrahmanyam said.

He further revealed, “The scheme is fantastic for Mahindra car buyers that takes 50 per cent processing fees. Besides, small road transport operators can also avail the opportunity by following the compulsory requirement of third party guarantor.”  

Speaking in front of media, Shri M.S.Raghavan said, “The scheme provides great opportunity for buyers to own their favorite Mahindra cars, which ensures equal benefits for all.”

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