Mahindra & Mahindra Ltd. (M&M), a market leader in the Utility Vehicle segment, has signed a MoU with the State Bank of Bikaner and Jaipur (SBBJ) for financing of vehicles.
Under the arrangement, customers can avail of a loan up to 85% of the on road price of the vehicle, with tenure of up to 7 years. In addition, they can also avail low interest rates amounting to 12% for passenger vehicles and 11.75% for commercial vehicles.
M&M’s Automotive Sector makes a wide range of vehicles including MUVs, LCVs and three wheelers.
Royal Sundaram Online, one of the leading general insurance company, has entered into a tie-up with American Express Payment Gateway.
Under the arrangement, all existing and potential customers of Royal Sundaram, who have an American Express card can now log on to company's website and buy or renew their policies online through the American Express Online Payment Gateway.
The latest initiative is in addition to the existing Citibank Payment Gateway tie up, which allows online transactions by Visa or Master cards.