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HomeCURRENT AFFAIRSHonda Cars partners Bank of Maharashtra

Honda Cars partners Bank of Maharashtra

Honda Cars India Ltd has partnered with the Bank of Maharashtra to introduce affordable finance schemes for its customers, which will help Honda customers to avail finance schemes with low Rate of Interest (ROI) and hassle-free sanction of loans on purchase of new Honda Amaze, Honda Jazz, Honda WR-V and Honda City.

With this tie-up, customers will benefit from the Bank of Maharashtra’s signature product “Maha Super Car Loan”. The offers will be valid on the purchase of the Honda Amaze, WR-V, City, and Jazz.

Key benefits under this scheme include a loan of up to 90 per cent of the cost of the vehicle. Other highlights include a low rate of interest starting from 7.05 per cent and quick disbursement of loan in a turn-around-time of 48 hours.

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Furthermore, special benefits to existing account holders and salary account holders will be provided. In fact, the bank will charge zero processing fee till 31 December with no pre-/part-payment charges.

“This tie-up with the Bank of Maharashtra will strengthen our efforts to offer affordable and accessible personal mobility solutions to a diverse set of valued customers,” Honda Cars India Senior Vice President & Director (Marketing & Sales) Rajesh Goel said.

With a wide network of Bank of Maharashtra and Honda’s advanced technology product range, this partnership will mutually benefit each other and result in deeper penetration of the market, he added.

(With inputs from agencies)

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