UTI Bank ties up with Hyundai for car loans

Chennai, June 27: UTI Bank has tied-up with Hyundai Motor India Ltd (HMIL) to provide car finance to its customers.

A UTI bank release here today said the bank would utilise Hyundai's extensive dealer network and its service mark 'Hyundai Finance' for marketing its car loans, while Hyundai would jointly conduct campaigns for customers of UTI Bank.

The Bank would initially offer the facility in 25 cities and intends to extend it to 60 cities by the end of September this year.

According to the agreement, minimum loan amount would be one lakh with the tenure of minimum one year to maximum seven years, the release added.

UNI