Having recently tied up with L&T Finance Holdings Ltd, Honda has now announced another retail finance tie-up, collaborating with the Assam Gramin Vikash Bank to cater to buyers in northeastern India.
HMSI already offers finance for its two-wheelers across this region, partnering with co-operative, gramin and non-banking financial institutions in Punjab, Rajasthan, Uttar Pradesh and West Bengal, and aims to make availing loans for their two-wheelers hassle free at a state, as well as pan-India level.
The Assam Gramin Vikash Bank has a total of 388 branches across the state. Benefits will include daily reducing interest rates, minimum processing fee and hassle-free loans with zero documentation, with loan amounts for up to 80 percent of the vehicle cost.