HMSI Partners With IDFC For Retail Finance

Honda Motorcycle & Scooter India (HMSI) announced on Tuesday that the company had signed a memorandum of understanding (MoU) for nationwide retail finance partnership with IDFC FIRST Bank. The MoU that comes into effect today offers Honda customers benefits like attractive interest rates, a minimum down payment of only Rs 999, loans up to 100% of two-wheeler value, zero processing fee, extended repayment period of up to 48 months, and low EMI schemes as per the customer’s eligibility.

Elaborating on this latest two-wheeler retail finance partnership Pradeep Natarajan, Head Retail -Assets, IDFC FIRST Bank, said, “As more and more customers want to own their favorite two-wheeler, the alliance with IDFC 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.”

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