HMSI ties up with Punjab State Co-operative Bank

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI announced first of its kind partnership with Punjab State Co-operative Bank to provide retail finance to the two wheeler customers in the state. Punjab State Co-operative Bank gives loans on auto product like tractors, two wheelers and combine harvester etc. This partnership is expected to benefit and support customers across all towns of the state by making retail finance easily accessible with attractive benefits. The benefits includes attractive features like low down payment, monthly/half yearly installment options, highest ever repayment tenure of 5 years and easy documentation. The retail finance scheme can be availed by people of 21-60 years of age. Through this partnership, buyers can avail loan amount of upto Rs 50,000/- or 85pc of the value of Honda two wheeler, whichever is less. On the occasion, A.S Miglani, IAS, RCS, Punjab State Co-operative Bank said “With this strategic tie-up with world’s no.1 2 wheeler brand Honda, we feel that the potential of owning a two wheeler by people in Punjab will really get a boost. It is our continuous effort to make convenient, the availability of finance to the people of Punjab and with Honda’s partnership we believe we would be able to help people in buying their choice of two-wheeler.