Hindustan Motors Ltd. (HM), the country’s pioneering automotive giant, inked an agreement with United Bank of India (UBI), India’s top nationalized banking institution with its central office in the city of Kolkata, with the intention to offerup effortless and unproblematic financing services to its clients.
The affiliation means security free loan up to Rs. 10 lac and other preferential services completely for Hindustan Motors clients from United Bank of India.
Purchasers of Hindustan Motors products will be capable of availing retail finance backing with just 10% purchaser margin payment from around 1690 branches of the bank spread crosswise the nation.
Even though the coalition will be advantageous for HM clients all over the nation, the move is projected to be of instantaid to Kolkata golden yellow taxi biz section.
HM’s Uttarpara unit Financial Controller, Mr. Dibyendu Chatterjee and UBI’s General Manager, Mr. Debashish Mukherjeeinked a MoU (memorandum of understanding) in this regard.
Other functionaries comprising HM’s Managing Director & CEO, Mr. Uttam Bose, UBI’s CMD, Mr. Bhaskar Sen, UBI’s Executive Directors Mr. Deepak Narang and Mr. Sanjay Arya, HM’s COO & SBU Head (Uttarpara&Pithampur), Mr. Ramesh Vishwakarma, and senior officials were also there.
The function was also attended by some of HM dealers as well.
While talking on the occasion, HM’s MD, Mr. Uttam Bose, stated that the retail financing affiliation with the bank is yet another proof of HM’s client centric approach to biz. This connection will assistthem stretch out to a wider client base with quicker, smoother and bloodthirsty finance choices offered by the bank.
UBI functionaries have already begun processing finance apps by clients at Hindustan Motors‘ franchises.