Honda Cars India joins forces with Bank of Maharashtra to offer attractive financing schemes this festive season

Honda Cars India Ltd. (HCIL), has teamed with the Bank of Maharashtra to create appealing and cheap credit packages for its consumers in an effort to boost holiday shopping enthusiasm.

The cooperation will enable Honda consumers to take advantage of innovative auto finance programmes with low-interest rates and hassle-free loan approval on new Honda Amaze, Honda Jazz, Honda WR-V and Honda City models.

Customers from various income levels, such as salaried employees, self-employed individuals, professionals, businessmen, and agriculturists, would benefit from the Bank of Maharashtra's hallmark product "Maha Super Car Loan" as a result of this partnership. Finance up to 90% of the vehicle's cost, low rate of interest (ROI) starting at 7.05 percent (linked to RLLR), hassle-free sanction with a 48-hour turn-around time, ROI concession for Corporate Salary Account Holders and Existing Housing Loan Borrowers, NIL Processing Fee (until December 31, 2021), no pre/part payment charges, and more are among the major benefits.

Car loans upto 80 percent of the cost of the vehicle will also be available for companies registered as corporate clients.

Commenting on this partnership, 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 into 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."

Speaking on this association, 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."

HCIL has been working hard to make shopping over the Christmas season more appealing and rewarding for its consumers, with an emphasis on semi-urban and rural areas in addition to metropolitan marketplaces. To improve the car-buying experience for its consumers, HCIL has lately worked with a number of lenders, including PSU banks, retail financiers and NBFCs.

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