Honda Motorcycle & Scooter India (HMSI) has collaborated with Family Credit Ltd., an arm of L&T Finance Holdings, to provide loans to two wheeler customers across the country. L&T Finance will offer a spectrum of financial products and services for trade, industry and agriculture. HMSI has already associated with co-operative and rural financial institutions for retail finance facility in Punjab, Rajasthan and Uttar Pradesh.
This alliance is expected to benefit and support many customers. The benefits includes- attractive interest rates, simple documentation process, customized repayment options, repayment tenure of up to 48 months.
The loan scheme provides financing options for salaried and self-employed individuals. Through this partnership, buyers can avail loan amount of up to 90 percent of the value of a Honda two wheeler.
On this occasion, L&T Finance chief operating officer G C Rangan said, "The strategic tie-up with Honda will boost to increase the potential of owning a two wheeler. L&T Finance's continuous effort is to endower customer convenience and needs. Another step in this process is the availability of two wheeler loans with a leading two wheeler brand for our esteemed customers."
Talking on the partnership, HMSI sales & marketing deputy director Tomoaki Nagayama said, "With LTF's wide network and flexible finance solutions, we will be able to reach out to more customers and provide them an opportunity to experience high quality yet affordable Honda products."