Honda Cars ties up with IndusInd Bank for vehicle financing

HONDA Cars India Ltd (HCIL) on Tuesday (31) said it has partnered with IndusInd Bank to offer various finance schemes to its customers to address their various financing and payment-related requirements.

The tie-up is expected to facilitate customers to avail custom-built financing solutions on purchase of Honda models like Amaze and City, such as low EMI (equated monthly instalment), flexi term, up to 100 per cent of ex-showroom funding and customised schemes for specific customer groups.

“The partnership with IndusInd Bank is an extension of our efforts towards making personal mobility more accessible and affordable to a diverse set of customers, both salaried and self-employed,” HCIL senior vice president and director (marketing and sales) Rajesh Goel said in a statement.

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“We anticipate increased demand during the festive period, and with this partnership we will be offering easy, hassle-free and personalised financing solutions designed to encourage purchase and elevate car ownership experience,” he added.

The automaker will leverage IndusInd Bank’s wide network of distribution points and branches to widen its reach and penetrate across the country and make brand interaction and purchase process much easier for customers, he added.

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Considering the festive period ahead, the automaker has also tied up with multiple entities including PSU banks, retail financiers and NBFCs, with a keen focus on semi-urban and rural regions, to offer competitive interest rates and flexible repayment options to enhance customer convenience during buying of cars.

These schemes will offer easy-to-buy options for customers in the current Covid scenario, where more and more customers are opting for personal mobility to keep themselves safe and healthy, Honda said.