Honda Motorcycle & Scooter India has entered into a MoU with IndusInd Bank to offer retail finance to its
customers to buy Honda two-wheeler models. Yadvinder Singh Guleria, senior vice president, Sales & Marketing, Honda Motorcycle and Scooter India, said the company expects to grow its retail finance significantly with the partnership with IndusInd Bank. Honda’s customers can now only buy a Honda two-wheeler at an attractive rate of interest and also reap benefits up to Rs 7500 through the finance scheme. The bank will offer financing facilities to all eligible customers for purchasing Honda two wheelers through its network of over 1000 branches in the country. Customers can avail loan up to 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. S.V. Parthasarathy, senior executive vice president & head – Consumer Finance Division, IndusInd Bank, the alliance is a part of the bank’s strategy to remain a leading player in the field of two-wheeler financing
