Honda inks MoU with IndusInd Bank for 2Wheeler retail finance

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Honda inks MoU with IndusInd Bank for 2Wheeler retail finance - 1

Honda Motorcycle & Scooter India has signed a Memorandum of Understanding with IndusInd Bank, offering retail finance to its customers at an attractive rate of interest on all Honda 2wheeler models.

With this Memorandum of Understanding coming into effect, Honda’s customers can not only buy a Honda two-wheeler at an attractive rate of interest, but can reap benefits upto Rs. 7,500 through this retail finance scheme. IndusInd Bank will offer financing facilities to all eligible customers for purchasing Honda two wheelers through its network of over 1,000 branches spread pan India. Customers can avail loan upto 90% of the product value, with a repayment period of 36 months. Other benefits include zero processing fee and quick loan approval in just 1 hour through tab based technology used for field inspection and proposal login.

Elaborating on this partnership Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India said that the retail finance penetration is increasing in the 2wheeler industry and more customers are looking at various finance options. Riding on the aggressive network expansion plan and increased product portfolio, Honda Motorcycles and India will continue to create options that will enable customers to buy their favorite 2wheeler.

S.V. Parthasarathy, Senior Executive Vice President & Head – Consumer Finance Division, IndusInd Bank Ltd. added that this alliance is a part of the IndusInd Bank’s strategy to remain a leading player in the field of two-wheeler financing. This association will bring about a synergistic benefit for both the organizations, enabling world class customer experience in terms of product and processes.

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