HMSI tie-up with L&T Finance for Two Wheeler loans

The second largest two wheeler manufacturer in India- Honda Motorcycle & Scooter India (HMSI) Limited today announced partnership with Family Credit Ltd, a wholly-owned subsidiary of L&T Finance Holdings Ltd. to provide loans to two wheeler customers across India. L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture. HMSI has already associated with co-operative and Gramin financial institutions in the near past for retail finance facility in the states of Punjab, Rajasthan & Uttar Pradesh.

This partnership is expected to benefit and support customers across India where L&T Finance has a network by making loans easily accessible with attractive benefits. The benefits include key features like attractive interest rates, simple documentation process, customized repayment options, repayment tenure of up to 48 months, personalized services and pan India network.

The loan scheme provides financing options for salaried & self-employed individuals. Through this partnership, buyers can avail loan amount of up to 90% of the value of a Honda two wheeler.

“On this occasion, Mr G C Rangan, COO, L&T Finance said “The strategic tie-up with Honda will boost to increase the potential of owning a two wheeler. L&T Finance’s continuous effort is to endower customer convenience and needs. Another step in this process is the availability of two wheeler loans with a leading two wheeler brand for our esteemed customers.”

Talking on the partnership, Mr. Tomoaki Nagayama, Deputy Director, Sales & Marketing, HMSI said, “To the People who have entrusted their faith and confidence in Honda, we are sure that with LTF’s wide network and flexible finance solutions, we would be able to reach out to more and more customers and provide them an opportunity to experience high quality yet affordable Honda products.”