Honda to bring lowest interest rates on two-wheelers this festive season

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) is ready to surprise their customers with amazing offers this festive season and has signed a MoU with Andhra Bank to bring unparalleled financing options.

With the onset of the festive season, the company has plans to come up with varied offerings for their customers and has brought an easy and attractive retail finance options with Andhra Bank. One can avail the lowest interest rate @11.75% on reducing a balance on the total repayment amount along with great schemes and flexible tenure. This is first of its kind partnership which includes loan facility on an amount of up to 85% of two wheeler’s value for the maximum amount of 5 lakh, with a repayment tenure of up to 5 years at daily reducing interest; an interest rate of 11.75% and zero processing and documentation charges. For Women, the interest rate is further reduced by 0.75 % i.e. 11 percent.

Talking on the partnership, Mr. Y S. Guleria, Senior Vice President, Sales & Marketing, said, “We are delighted to announce a special financing scheme in association with Andhra Bank for our privileged customers who have chosen Honda as their preferred 2Wheeler brand. With number 1 position achieved in Andhra Pradesh and Telangana by Honda, this move reinforces our commitment and focus on growth in both the markets by further strengthening our outreach in semi-urban and rural markets.” He further stated, “The strong network of Andhra bank deeply entrenched across markets will assure Honda’s outreach and connect with the consumer. Now customers can easily bring their dream Honda two-wheelers with limited money commitment.”

On the same occasion, Mr. K Ranganath- General Manager, Andhra Bank stated, “We are proud to unveil our finance retail schemes for two-wheelers through this tie up with world’s number one 2-wheeler brand Honda and Andhra Pradesh’s two-wheeler leader. Honda has been synonymous globally with high quality products that spread joy in the lives of millions of its customers. Through customized and convenient finance options, we look forward to partnering with Honda in fulfilling the dreams and aspirations of millions in India. Further, we are delighted to announce special rate of interest for women customers, encouraging them to opt for easy in the city.”

Customers can avail this easy financing scheme on their Honda 2-wheelers from now on and this is the second national level tie-up for Honda after its association with Shriram Finance earlier this month. All these tie-ups are the expansion of Honda’s customer outreach initiatives being rolled out at pan-India level.