Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has signed a Memorandum of Understanding with nationalised bank Punjab National Bank to provide retail finance to Honda’s two-wheeler customers across India.
Those present during the MoU signing ceremony included S. S Bhatia (General Manager – Retail Assets Division) and Yadvinder S. Guleria (Vice President – Sales & Marketing, HMSI)
With this, two-wheeler customers can now buy a Honda two-wheeler at a finance rate of 12.25pc. Honda customers can now save up to Rs. 10,000 on an average loan compared to open market schemes. This has been calculated on loan of 3 years tenure for a two-wheeler costing 50,000 rupees.
Y S. Guleria, Vice President, Sales & Marketing, HMSI said that this alliance is first of its kind in the two-wheeler industry - both for Honda and PNB.
S. S. Bhatia, General Manager, Retail Assets Division, Punjab National Bank said PNB has announced festival offer under Housing, Car, Two Wheeler and Personal Loan Schemes. “Our Bank has 80 specialised Retail Asset Branches at prime locations for financing only retail loans,” he said.
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