Honda Cars India Ltd has partnered with Bank of Maharashtra to introduce affordable financing programs for its customers, which will help Honda customers to benefit from financing programs with low interest rate (ROI) and penalty. hassle-free loans with the purchase of a new Honda Amaze. , Honda Jazz, Honda WR-V and Honda City. With this merger, customers will benefit from Bank of Maharashtra’s flagship product, “Maha Super Car Loan”.
Rajesh Goel, SVP & Marketing & Sales Director, HCIL said: “This merger with Bank of Maharashtra will strengthen our efforts to provide affordable and accessible personal mobility solutions to a diverse set of valued customers. With an extensive Bank of Maharashtra network and Honda’s advanced technology product line, this partnership will be mutually beneficial and result in deeper market penetration. Customers can take advantage of a lower interest rate and a hassle-free auto finance experience to purchase their long-awaited dream car this holiday season.
Key benefits include financing up to 90 percent of the cost of the vehicle, low return on investment from 7.05 percent, hassle-free sanction with 48 hour turnaround time, concession on return on investment for the holder of the company’s salary account and home loan borrower, application fees zero until December 31, 2021, no prepayment / partial payment fees, etc. Auto loans of up to 80% of the cost of the vehicle will also be available for businesses registered as corporate clients.