Honda Cars India has teamed up with banks for 100 percent funding for vehicle purchases. The Japanese automobile manufacturer has partnered with HDFC, ICICI, and AXIS bank. Demonetization of Rs. 500 and Rs. 1,000 by Indian Government has affected car sales in the country.
Now, Honda Cars India will offer complete funding in an attempt to boost sales. Both self-employed and salaried individuals can benefit from the latest partnership. All Honda dealerships will be offering finance options at special interest rates.
Banks will be offering up to 100 percent loan on the ex-showroom price of certain models. Approximately 90 percent of the on-road price will be taken care of by finance option. Customers can avail these special schemes on new and old models at attractive interest rates.
Every Honda model sold in India can be availed with cashless payment options. Various models attract different interest rates from HDFC, ICICI, and AXIS Bank. Make sure to visit a Honda dealership to get the best deal on a preferred model out of the three banks.