Nissan joins hands with SBI for easy loans

Nissan Motor India Pvt. Limited on Thursday announced its strategic tie-up with the country’s leading public sector bank State of Bank of India (SBI) to reach out to prospective customers across the regions with easy finance options.

Under the agreement, State of Bank of India will currently offer Nissan consumers easy financing options with an interest rate up to 100 basis points lower than the current market rate. The tie-up, a partnership between one of the world’s largest automobile companies, and the largest Indian public sector bank is with the objective of bringing more automobile customers to Nissan brands.

One of the largest retail financing networks with about 14000 branches, SBI will offer Auto loans to Nissan customers at a rate of 11.25% (floating) and 11.75% (fixed), which are 75 to 100 basis points lower than the market offering of other banks.