Mahalaxmi Bikas Bank inks MoU with Sipradi Trading; buyers of Tata Motors’ commercial vehicles to receive convenient credit facility up to 70% of vehicle cost

Mahalaxmi Bikas Bank and Sipradi Trading have entered into an agreement so as to provide credit facilities for the purchase of Tata vehicles.

Following the agreement, entrepreneurs planning to purchase Tata commercial vehicle can receive an attractive vehicle loan up to 70% of the vehicle cost for a max of 5 years following the recommendation from Sipradi Trading, as per the media statement.

The bank currently serves its customers via 103 branches, which would all disburse the above-mentioned credit, as per the media statement.