Honda Cars India Partners with Bank of Maharashtra

• Published On: 26 October 2021
• 100 Views

The bank will provide low rate of interest and hassle free quick sanction of loans on purchase of the new Honda Amaze, Honda Jazz, Honda WR-V and Honda City

Honda Cars India has joined hands with Bank of Maharashtra to introduce attractive and affordable finance schemes for its customers in the country. Through this collaboration, it will provide the buyers with a low rate of interest and hassle free quick sanction of loans on purchase of the new Honda Amaze, Honda Jazz, Honda WR-V and Honda City. The Japanese brand is targeting semi-urban and rural regions besides urban markets by partnering with multiple financiers such as PSU Banks, Retail Financiers and NBFCs.

With this tie-up, Salaried employees, Self Employed, Professional, Businessmen or Agriculturists will benefit from the Bank of Maharashtra’s Maha Super Car Loan. Commenting on this partnership, Mr. Rajesh Goel, Senior Vice President & Director -Marketing & Sales, Honda Cars India Limited, said, “This tie-up with the Bank of Maharashtra will strengthen our efforts to offer affordable and accessible personal mobility solutions to a diverse set of valued customers. With a wide network of Bank of Maharashtra and Honda’s advanced technology product range, this partnership will mutually benefit each other and result in deeper penetration of the market. Customers can take benefit of lower rate of Interest and hassle-free experience of car finance to purchase their much-awaited dream car this festive season.”

The major benefits that a customer can avail are finance upto 90 percent of the cost of the vehicle, ROI of 7.05 percent (linked to RLLR), hassle free sanction with turn-around-time of 48 Hours, Concession on ROI for Corporate Salary Account Holder and Existing Housing Loan borrower, NIL Processing Fee till 31st December, no pre/ part payment charges etc. Mr. Hemant Tamta, Executive Director, Bank of Maharashtra said, “Partnering with Honda group is something really exhilarating on our part. Being one of India’s leading car makers for mass as well as class, this will open a big opportunity to add to our customer’s delight. Bank of Maharashtra’s Car Loan is one of the finest products in the offering at most competitive pricing and Zero Processing charges which will serve as the icing on the cake.”

In addition, Car loans upto 80 percent of the cost of the vehicle will also be available for companies registered as corporate clients. Speaking on this association, Shri. A.S Rajeev, Managing Director & CEO of Bank of Maharashtra said, “This is really great to be associated with Honda Cars India, a leading car maker. Our customers will be immensely benefited as we offer hassle-free Car loans with Zero processing charges at a lucrative pricing. This is going to add fillip to our customer satisfaction and bring cheer during the festive seasons.”