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Honda Motorcycle & Scooter India Pvt Ltd on Wednesday signed a memorandum of understanding with IndusInd Bank, offering retail finance to its customers on all Honda two-wheeler models.
The private sector bank, in a statement to BSE, said under the MoU, customers buying a Honda two-wheeler can reap the benefits up to Rs 7,500. Customers can avail themselves of up to 90 per cent of the product value, with a repayment period of 36 months, it added.
IndusInd Bank said it will not charge any processing fee and give loan approvals in one hour. The financing facilities will be available to all eligible customers for purchasing two-wheelers through the bank’s network of over 1000 branches.
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