Honda Motorcycle & Scooter Indiatoday said it has tied up with Punjab State Co-operative Bank for providing loans to two-wheeler customers in the state.
Through this partnership, buyers can avail loan amount of up to Rs. 50,000 or 85 per cent of the value of Honda two wheeler, whichever is less, the company said in a statement.
The other offers include low down payment, monthly/half yearly instalment options, repayment tenure of 5 years and easy documentation to customers of 21-60 years of age, it added.
HMSI Vice-President (Sales & Marketing) Y S Guleria said: "Punjab is overall No 2 market in North India and is also an important market for HMSI. We are sure that with PSCB's wide network and easy finance solutions, we would be able to reach out to more and more customers in Punjab."
PSCB provides loans on auto products such as tractors, two-wheelers and combine harvester.