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HMSI bike loan by Punjab National Bank

HMSI bike loan by Punjab National Bank
Parichay Malvankar
Written by Parichay Malvankar

HMSI has tied up with Punjab National Bank to provide finance options for Honda’s two-wheelers across the country.

Customers can now buy a Honda product at an industry lowest 12.25% finance interest rate and save up to Rs.  10,000 compare to other loan options in the market (on an average loan tenure of 3 years for Rs. 50,000).

Customers can now avail finance options up to 90% value of the two-wheeler with zero processing and documentation charges. Loan tenure can be now extended to 5 years for repayment.

Launching such a scheme during the festive season will attract a few more customers who are looking at better value for money, and cheaper interest rate on loan.

This move is a part of Honda’s strategic Wave 2.0 blueprint to increase rural sales footprint.