- Honda and Cholamandalam Finance sets up an alliance
- Rs 6000 savings on an average loan
Honda India has tied-up with Cholamandalam Investment and Finance. Both the companies have signed a MOU for nationwide retail finance partnership.
According to the Japanese maker, the increase in two-wheeler cost post insurance hike and the introduction of ABS and CBS regulations have pushed Indian buyers to opt for finance. Through this alliance, the customer is being offered some savings of Rs 6000 on an average loan through attractive interest rate.
The company is offering 97 per cent loan on two-wheeler value, zero processing fee and extended repayment period of up to 36 months. There’s a minimum down payment of Rs 2999 along with low EMI scheme based on customer eligibility.
This new tie-up between these two companies will definitely help the buyers get their motorcycles and scooters easily. The low EMI and down payment option are bound to find a lot of takers.
