Honda Cars India partners with Canara Bank to offer attractive finance schemes

New Delhi, 23 August 2021: Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India has rolled out a host of attractive and affordable finance schemes for its customers in collaboration with 3^rd largest Public Sector Bank - Canara Bank. The partnership facilitates HCIL customers to avail easy financing options and hassle free car loans from Canara Bank for purchase of Honda Amaze, Honda City, Honda Jazz & Honda WR-V.

Special schemes for the auspicious festivities have also been offered to make this buying season even more attractive and rewarding. HCIL has been partnering with multiple banks to offer these schemes across the country with a special focus on semi-urban to rural regions.

Commenting on this partnership and roll out of special schemes, Mr Rajesh Goel, Senior Vice President & Director, Marketing & Sales, Honda Cars India Limited, said, “The partnership with Canara Bank is an extension of our efforts towards enabling easy and convenient financing solutions for our customers. We always endeavor to enhance customer experience right from the point of purchase through years of car ownership. We are confident that the tie-up with Canara Bank will help us meet the diverse finance requirements of our customers, especially during the upcoming festive season.

Speaking about the partnership, Mr R P Jaiswal, General Manager (Retail Vertical), Canara Bank said, “We are excited to partner with Honda Cars India and expect this association to boost customers’ convenience and facilitate their ultimate car purchase decision. The financial benefits include Attractive Rate of Interest, Concession in Rate of Interest to women buyers, Minimum Processing Charges, Maximum Loan Quantum- upto 90% of the total value of the car inclusive of registration, life tax, accessories, etc., Maximum Repayment Period - upto 84 months and Quick TAT for loan processing. These highly accessible and affordable financial schemes can be availed by all customers as per Canara Bank’s Scheme guidelines.”