Rule 424(b)(3)
                                   Registration Statement No. 333-27465
                                   Cusip # 12560M BB 3
PRICING SUPPLEMENT NO. 8,

Dated  November  5,  1997,  to  
Prospectus,  dated  June 6, 1997 and  
Prospectus Supplement, dated June 12, 1997.

                               THE CIT GROUP, INC.
                     (formerly The CIT Group Holdings, Inc.)
                          MEDIUM-TERM FIXED RATE NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE


(X) Senior Note                     ( ) Senior Subordinated Note

Principal Amount:  U.S. $61,000,000.

Proceeds to Corporation:  99.892% or $60,934,120.

Underwriting Discount:  0.010%

Issue Price:  99.902%.
Original Issue Date:  November 10, 1997.

Maturity Date:  November 10, 1999.

Interest Rate Per Annum:  6.05%.

InterestPayment  Dates:  Each May 10 and November 10,  commencing  May 10, 1998,
        provided that if any such day is not a Business Day, the payment will be
        made on the next succeeding  Business Day as if it were made on the date
        such payment was due, and no interest will accrue on the amount  payable
        for the period from and after such Interest Payment Date or the Maturity
        Date, as the case may be.

        Interest  payments will include the amount of interest  accrued from and
        including the most recent  Interest  Payment Date to which  interest has
        been  paid  (or from  and  including  the  Original  Issue  Date) to but
        excluding the applicable Interest Payment Date.

The Notes are  offered by the  Underwriters,  as  specified  herein,  subject to
receipt and acceptance by them and subject to their right to reject any order in
whole or in part.  It is expected  that the Notes will be ready for  delivery in
book-entry form on or about November 10, 1997.

                               MERRILL LYNCH & CO.
                         BANCAMERICA ROBERTSON STEPHENS

<PAGE>

Form:  Global Note.

Specified Currency:  U.S. Dollars.

Trustee, Registrar, Authenticating and Paying Agent:
    Harris Trust & Savings Bank, under Indenture dated as of May 1, 1994 between
    the Trustee and The CIT Group, Inc. (formerly The CIT Group Holdings, Inc.)
    ("the Corporation").

                                  UNDERWRITING


        Merrill  Lynch,  Pierce,  Fenner & Smith  Incorporated  and  BancAmerica
        Robertson  Stephens ( the  "Underwriters")  are acting as  principals in
        this transaction.

        Subject  to the  terms  and  conditions  set  forth in a Term  Sheet and
        Agreement  dated November 5, 1997 (the "Terms  Agreement"),  between the
        Corporation and the  Underwriters,  incorporating the terms of a Selling
        Agency Agreement dated May 15, 1996,  between the Corporation and Lehman
        Brothers,  Lehman Brothers Inc., Credit Suisse First Boston  Corporation
        (formerly known as CS First Boston Corporation),  Goldman,  Sachs & Co.,
        Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated,
        Morgan  Stanley  & Co.  Incorporated,  Salomon  Brothers  Inc,  and  UBS
        Securities LLC, the Corporation has agreed to sell to the  Underwriters,
        and the  Underwriters  have  each  severally  agreed  to  purchase,  the
        principal amount of the Notes set forth opposite its name below:

                                                      Principal Amount of
               Underwriter                                 the Notes
               -----------                            -------------------  
        Merrill Lynch,Pierce, Fenner & Smith
        Incorporated                                      $ 36,000,000
        BancAmerica Robertson Stephens                      25,000,000
                                            Total         $ 61,000,000
                                                          ------------
  
        Under the terms and conditions of the Terms Agreement,  the Underwriters
        are committed to take and pay for all of the Notes, if any are taken.

        The  Underwriters  have  advised the  Corporation  that they  propose to
        initially  offer  the Notes to the  public at the Issue  Price set forth
        above. After the initial public offering,  the public offering price and
        other terms may be changed  from time to time.  In  connection  with the
        sale of the  Notes,  the  Underwriters  may be deemed  to have  received
        compensation from the Corporation in the form of underwriting discounts,
        and the Underwriters may also receive commissions from the purchasers of
        the  Notes  for whom they may act as  agent.  The  Underwriters  and any
        dealers that  participate  with the  Underwriters in the distribution of
        the  Notes  may be  deemed  to be  underwriters,  and any  discounts  or
        commissions  received  by them and any profit on the resale of the Notes
        by them may be deemed to be underwriting discounts or commissions.

        The Notes  are a new issue of  securities  with no  established  trading
        market. The Corporation  currently has no intention to list the Notes on
        any  securities  exchange.  The  Corporation  has  been  advised  by the
        Underwriters  that they intend to make a market in the Notes but are not
        obligated  to do so and may  discontinue  any market  making at any time
        without  notice.  No assurance  can be given as to the  liquidity of the
        trading market for the Notes.

        The Corporation has agreed to indemnify the Underwriters against certain
        liabilities,  including liabilities under the Securities Act of 1933, as
        amended.