NEW DELHI Strengthening further its retail finance options for customers, Honda Motorcycle & Scooter India Pvt. Ltd. today signed a Memorandum of Understanding (Mo U) for new nationwide retail finance partnership with Cholamandalam Investment & Finance Company Limited.
Formalizing the partnership in the Mo U signing ceremony were Yadvinder Singh Guleria (Senior Vice President Sales & Marketing, Honda Motorcycle & Scooter India Pvt. Ltd.) and Ravindra Kundu (President & Business Head-Vehicle Finance, Cholamandalam Investment & Finance Company Limited)with other dignitaries.
Elaborating on the latest two-wheeler retail finance partnership Yadvinder Singh Guleria, said, Increase in two-wheeler ownership cost post insurance premium hike and new brake regulations is resulting in increased percentage of new customers availing retail finance to purchase their favorite two-wheeler. We believe that consumer shift towards retail finance will accelerate even more in the coming year. To facilitate convenient and affordable purchase options for our customers we are pleased to announce partnership with Cholamandalam for our valued customers.
Starting today, Honda customers get extra savings of Rs. 6,000 on an average loan with extra comfort and convenience on availing retail finance through Cholamandalam Investment and Finance Company Ltd. The long list of extra benefits includes attractive interest rate, minimum down payment of Rs. 2999, loan up to 97% of two-wheeler value, zero processing fee, extended repayment period of up to 36 months and low EMI scheme as per customer eligibility.