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Sunday, Dec 11, 2005

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Toyota's loan scheme

Toyota has joined hands with ICICI, HDFC and Kotak to celebrate the roll out of two lakh vehicles. The tie-up seeks to provide Innova buyers easy lines of credit. Customers, on purchase of the Innova, can choose one of three options on offer — loans at an interest rate as low as 1 per cent, zero down payment or an EMI as low as Rs 11,999.

The scheme is touted to result in reduced cash flows of Rs 80,000 to the customer. The offer, which is valid until December 31, is available only on the G1 and G2 models. White goods such as Plasma TVs, iPODs and DVD players are up for grabs in a lucky draw of prospective customers who take a test drive.

Alagappan Arunachalam

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