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HMSI ties up with Kangra Co-op Bank for two-wheeler finance

Customers can avail benefits like zero processing fee, special reduced rate of interest, 85% LTV, tenure up to 60 months and easy documentation

Press Trust of India Dharamshala
Last Updated : Aug 02 2014 | 8:17 PM IST
Honda Motorcycle & Scooter India (HMSI) announced its new retail finance tie-up with Kangra Central Co-op Bank Ltd today.

"With this association, HMSI is stepping closer to its valued customers in Himachal Pradesh by making Honda's two-Wheelers more easily accessible to The Kangra Central Co-op Bank's 16 lakh customers," said Y S Guleria, Vice President, Sales & Marketing, HMSI.

Guleria said with this partnership, customers across all towns/village where the bank has its network can avail many attractive value-additions.

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These benefits include Zero Processing fee, Special reduced rate of interest, 85 per cent LTV, Tenure up to 60 months and easy documentation.

Through this partnership, buyers can avail loan amount of up to Rs 1 lakh.

Guleria, said, "With the expansion of our rural product portfolio, especially with 'Dream' series motorcycles, it is imperative for Honda to facilitate rural customers to make Honda a part of their life. Today we are privileged to partner with biggest Bank in Himachal Pradesh, The Kangra Central Co-op.

On the partnership, Jagdish Sapehia, Chairman, The Kangra Central Co-op Bank, said, "We are really happy to partner with Honda in India. Due to Himachal Pradesh's mountainous terrain, two-Wheelers play an important role in transportation.It is our continuous endeavor to make our customers life convenient.

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First Published: Aug 02 2014 | 7:08 PM IST

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