HMSI has announced a partnership with Family Credit Ltd, a wholly-owned subsidiary of L&T Finance Holdings Ltd to provide two-wheeler loans to customers across India. HMSI has already associated with co-operative and Grahmin financial institutions in the past for retail finance facilities in Punjab, Rajasthan and Uttar Pradesh.
This partnership would benefit and support customers with benefits like attractive interest rates, simple documentation process, customised repayment options, repayment tenure of up to 48 months, personalised services and a pan-India network.
The loan scheme provides financing options for salaried and self-employed individuals, and customers can now avail up to 90 percent loan on the price of a Honda two-wheeler.