In a bid to expand its domestic reach, Honda Motorcycle and Scooter India (HMSI), today signed a MoU (Memorandum of Understanding) with IndusInd Bank, offering retail finance to its buyers at an attractive rate of interest on all Honda 2-wheels.
"In two-wheeler industry, retail finance penetration is increasing and more & more customers are looking at finance options. Riding on the aggressive network expansion plan and increased product portfolio, we will continue to create options that will enable the customer to buy his/her favourite two-wheeler." Said Y.S. Guleria, Senior VP, Sales & Marketing, HMSI.
With this MoU, Customer will buy a Honda product along with benefits of up to Rs 7,500 through this scheme with the IndusInd bank.
S. V. Parthasarathy, Senior EVP, Head- Consumer Finance Division, IndusInd Bank said, “This union is part of our plan to remain a top player in the field of two wheeler financing. This alliance will bring in about a synergetic advantage for the customers.
Moreover, customers can also avail loan of up to Rs 90 percent of the product value, with a repayment period of 36 months. Moreover, other benefits include zero processing fee and quick loan approval in just 1 hour.