Bangalore: Toyota Kirloskar is offering buyers of multi-utility vehicle Innova, a one per cent interest rate on loans for a limited period of one month.

Toyota Kirloskar Motor (TKM) said it had tied up with leading financial institutions to offer consumer finance schemes as part of its 2-lakh celebrations. TKM recently surpassed domestic production and sales of 2 lakh Toyota vehicles in India.

Toyota is offering Innova customers three finance options of zero down payment or low interest rate of 1 per cent on a three-year loan period or lower EMI of Rs11,999 on a five-year loan period. These schemes are being offered on G1 & G2 Innova models for a period of one month.

Toyota is also offering all prospective customers who test-drive the Innova an opportunity to participate in a lucky draw and win plasma TV, iPODs, DVD players and digital cameras.

Toyota has launched this offer in association with leading financial institutions such as ICICI, HDFC and Kotak, in order to ensure a countrywide reach of this scheme.