Honda Cars India Announces Partnership with the Bank of Maharashtra to Offer Enticing Financing Options

honda cars india partnership with bank of maharashtra

With the holiday season rapidly coming, more car buyers are flocking to dealerships to take home a new vehicle. Honda Cars India Ltd. has established a partnership with the Bank of Maharashtra to capitalize on this potential. Buyers will be able to take advantage of attractive financing options when purchasing Honda vehicles as a result of the collaboration. The partnership aims to provide a low rate of interest while also allowing a smooth loan distribution procedure. The discounts will apply to the Honda Amaze, WR-V, City, and Jazz models.

Customers from various income levels, including self-employed, agriculturists, salaried employees, and businessmen, would be able to profit from the Bank of Maharashtra’s “Maha Super Car Loan” plan. A loan of up to 90% of the vehicle’s cost is one of the scheme’s main advantages. Other benefits include a cheap rate of interest starting at 7.05 percent and a speedy loan payout duration of 48 hours. Existing account holders and salary account holders will also receive unique perks. In reality, the bank will charge no processing fees and no pre or part-payment fees until December 31.

Mr. Rajesh Goel, Senior Vice President and Director, Marketing & Sales, Honda Cars India Limited, commented, “This tie-up with the Bank of Maharashtra will bolster our efforts to deliver cheap and accessible personal mobility solutions to a diverse spectrum of valued clients.”With Bank of Maharashtra’s extensive network and Honda’s superior technology product line, this relationship will benefit both parties and result in greater market penetration. Customers may take advantage of lower interest rates and a hassle-free vehicle financing experience this holiday season to acquire their long-awaited dream car.”

“It’s absolutely fantastic to be affiliated with Honda Cars India, a prominent automobile manufacturer,” stated Shri. A. S. Rajeev, Managing Director, and CEO of Bank of Maharashtra. “Our customers will profit greatly since we provide hassle-free car loans with no processing fees at a competitive price. This will boost our customer satisfaction and create joy over the holiday season,” said the partnership.

Mr. Hemant Tamta, Executive Director, Bank of Maharashtra, commented, “Partnering with the Honda group is something tremendously exciting for us. As one of India’s leading vehicle manufacturers for both mass and luxury, this will provide significant potential to enhance our customers’ satisfaction. The Bank of Maharashtra’s Car Loan is one of the best products on the market, with the most affordable price and no processing fees to top it off.”

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