Honda Cars India ties up with Magma Fincorp for car loans

Our Bureau Mumbai | Updated on January 19, 2018 Published on January 30, 2016

Passenger car manufacturer Honda Cars India Ltd (HCIL) has entered into an agreement with non-banking finance company Magma Fincorp for financing their cars across India.

Magma Fincorp will offer car loans up to 90 per cent of the cost of the car, for tenure ranging up to five years at competitive rates. This facility will be available at 228 branches of Magma Fincorp and 273 facilities of Honda Cars India, HCIL said in a statement.

"This tie-up will provide a single window for purchase of the car including its finance and will give better buying experience to our customers," said Raman Kumar Sharma, Sr. Vice President and Director, Honda Cars India Ltd.

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Published on January 30, 2016
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