Honda Motorcycles and Scooters India signed a Memorandum of Understanding with IndusInd Bank, offering retail finance to its customers at an attractive rate of interest on all two wheelers.

Mr. Yadvinder Singh Guleria, Senior Vice President, Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd. said, “In 2wheeler industry, retail finance penetration is increasing and more & more customers are looking at various finance options. Riding on the aggressive network expansion plan & increased product portfolio, we will continue to create options that will enable customers to buy their favorite 2wheeler. Driven by this partnership with IndusInd Bank, we aim to further grow Honda’s retail sales.”

With this Memorandum of Understanding coming into effect from today, Honda’s customers can not only buy a Honda two-wheeler at an attractive rate of interest, but can reap benefits upto Rs. 7,500 through this retail finance scheme. IndusInd Bank will offer financing facilities to all eligible customers for purchasing Honda two wheelers through its network of over 1000 branches spread pan India.  Customers can 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.

Mr. S.V. Parthasarathy, Senior Executive Vice President & Head – Consumer Finance Division, IndusInd Bank Ltd. said, “This alliance is a part of our strategy to remain a leading player in the field of two-wheeler financing. This association will bring about a synergistic benefit for both the organizations, enabling world class customer experience in terms of product and processes.”