The country’s 2nd largest giant in two wheeler section, Honda Motorcycle and a Scooter India (HMSI) has signed a Memorandum of Understanding with IndusInd Bank to offer retail finance to buyers at an attractive rate of interest on all Honda 2 Wheeler models. The Bank will offer finance to eligible customers for purchasing Honda two wheeler through its network of over 1,000 branches across the country.
The benefits will be provide upto Rs. 7500 through this retail finance scheme but Customers can only avail loan upto 90% of the product value, with a repayment period of 36 months. Other benefits include zero processing fee and quick loan approval in just 1 hour through tab based technology used for field inspection and proposal login.
HMSI sold record 4.48 million two wheelers in the year ended March 31, 2016. The company aims to sell over 5 million units in the current financial year.
So let’s discuss some questions related to this post :
1. Name the bank which has signed an MoU with the two wheeler giant, Honda ?
2. As per this partnership, the bank will provide the loan upto – ?
Courtesy : Business Standard