Honda Motorcycle & Scooter India Pvt. Ltd. today signed a Memorandum of Understanding (MoU) for nationwide retail finance partnership with IDFC FIRST Bank. The highlight of this partneship will be up to 100% financing, Zero Processing fee, loan tenure upto 48 months and down payment of just Rs.999.
Elaborating on this latest two-wheeler retail finance partnership Mr. Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said,“With increased cost of ownership, post insurance premium hike and new brake regulations in two-wheelers, more and more customers are availing finance to own their favorite two-wheeler. It is imperative to facilitate convenient and affordable purchase options for our customers. We believe that consumer shift towards finance will accelerate even more in coming year and our partnership with IDFC FIRST Bank Ltd. as our new additional retail finance partner is truly a win-win situation for our valued customers.”
Mr. Pradeep Natarajan, Head Retail -Assets, IDFC FIRST Bank, said, “The alliance enables us to offer speedy and convenient financing solutions to a larger customer base across the country. It also strengthens our position as one of the leading players in two-wheeler financing. The association with Honda will bring about a synergistic benefit for both the organizations, enabling a superior customer experience in terms of product and processes.”
IDFC FIRST Bank Ltd.’s strong nationwide presence makes it easier for its over 70 lacs customers to ride home their dream Honda two-wheeler anywhere in India through its network of over 200 branches across the country.