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Bandhan Bank will use its wide network and customizable payback plans to offer financing solutions for M&M's whole line of commercial vehicles and equipment.
Date: March 20, 2024
Kolkata- Bandhan Bank., has inked a Memorandum of Understanding (MoU) with Mahindra & Mahindra (M&M)., to offer financing options to clients in the business equipment and commercial vehicle sectors. With this partnership, Bandhan Bank will use its wide network and customizable payback plans to offer financing solutions for M&M's whole line of commercial vehicles and equipment.
Mr. Santosh Nair, Head of Consumer Lending & Mortgages at Bandhan Bank, said that, This affiliation is a testament to our commitment to meeting the various financial needs of our clients who purchase commercial vehicles and equipment. We are sure that by working together, we will be able to reach a wider audience and offer customized finance solutions to help companies in the commercial vehicle sector expand.
Mr. Jalal Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra, said that, Through this cooperation, we will be able to offer our customers the greatest financial solutions and give them the confidence and push they need to succeed. Through this partnership, MCE and Bandhan Bank will be able to take advantage of each other's extensive networks' innate advantages..
Light Commercial Vehicles (LCV), Intermediate Commercial Vehicles (ICV), and Heavy Commercial Vehicles (HCV) are just a few of the commercial vehicles and equipment that Mahindra & Mahindra offers. Products in the commercial vehicle segment range in weight from 3.5 tons to 55 tons. In addition, M&M serves a variety of industry demands by dealing in commercial equipment such motor graders and backhoe loaders.
Modern private sector bank Bandhan Bank is renowned for offering inexpensive interest rates on retail asset and liability products, such as personal, business, and automobile loans, as well as house loans. Bandhan Bank serves over 3.25 crore customers countrywide through more than 6,250 banking locations spread throughout 35 states and union territories in India.
