Honda Cars collaborates with Canara Bank to offer finance schemes for its buyers

The Japanese car manufacturer, Honda collaborated with Canara Bank on August 23, 2021 in order to offer finance schemes to its prospective buyers. As per the collaboration, the prospective buyers of Honda Amaze, Honda Jazz, Honda WR-V and Honda City can now avail easy financing options from Canara Bank.

Honda Amaze sells 4 lakh units in India

Special schemes are also being offered in order to make this festive season more attractive and rewarding. Honda Cars India has been collaborating with multiple banks in order to offer different schemes to its buyers across the country and is focusing more on semi-urban to rural regions.

Commenting on the occasion, Rajesh Goel, Senior Vice President and Director, Marketing and 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.”

In addition to this, 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- up to 90% of the total value of the car inclusive of registration, life tax, accessories, etc., Maximum Repayment Period – up to 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.”

Along with Honda Cars India, other car manufacturers like Tata Motors, Maruti Suzuki India have also rolled out finance schemes for their prospective buyers of the passenger vehicle segment.

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Also Read:

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Tata Motors collaborates with Bank of Maharashtra to introduce new financing schemes
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