Karnataka Bank partners with Toyota Kirloskar to expand financial support for vehicles


Toyota Kirloskar Motor (TKM) announced on Monday that it has partnered with Karnataka Bank to support its vehicles in urban areas and Indian cities. The organization has signed a memorandum of understanding with Karnataka Bank, following which the bank will be one of the preferred financiers for the entire range of vehicles sold by TKM. High loan cost financing choices will be available to customers, including those covered by need area plans, for the purchase of Toyota vehicles for private and business use, TKM said in a statement.

With this collaboration, he said, “We have focused on designing innovative programs to meet client needs while facilitating funding. Together with our partner, Karnataka Bank, we hope to leverage our respective strengths to create the best solutions for our clients ”.

“To meet growing demand and improve the selling experience for our customers in subways as well as in smaller markets, we are looking to further expand the reach of Toyota products across the country with a focus on markets. rural, ”TKM’s vice president (VP) said the strategic business unit R Venkatakrishnan.

Karnataka Bank Managing Director and CEO Mahabaleshwara MS said that this partnership will provide a fast and seamless experience of our digital car loan product for customers who want to own TKM’s products.

“Karnataka Bank offers auto loans through our extensive branch network with a locally developed end-to-end digital platform for existing and new customers with streamlined and faster processing capabilities,” added Mahabaleshwara.

Summary of the news:

  • Karnataka Bank partners with Toyota Kirloskar to expand financial support for vehicles
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