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ING loans for Toyota vehicles
BANGALORE: ING Vysya Bank Ltd . will give loans to buy vehicles from Toyota Kirloskar Motor Private Ltd., a company executive said here on Friday. Shantanu Ghosh, Executive Vice President, ING Vysya Bank, heading products and marketing, said the bank had agreed to give loan up to 90 per cent of the "on-road price" of the vehicles being bought through Toyota Kirloskar's dealers. The five-year loans will have a maximum of Rs. 20 lakhs attracting an interest of 8.5 per cent.
Customers would also get free accident insurance of Rs. 2 lakhs, free hospitalisation insurance up to Rs. 1 lakh and free baggage insurance up to Rs. 10,000 during the first year of the loan tenure, he said.
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