Amid the pandemic , Honda has offered easy finance schemes for its customers . HCIL has partnered with Kotak Mahindra Prime Ltd. for a customer friendly programme for its 4th Gen Honda City buyers. Under the programme, customers can avail low rate of interest scheme for 5 years at the rate of 6.99% and low EMI for initial 3 months at Rs 999/ lakh. Customers who are interested in exchange will be able to avail an exchange bonus as well. HCIL is working closely with various financial institutions to offer new financial schemes.
Considering that people will be extra careful against COVID, customers will increasingly opt for personal mobility. The easy finance schemes can address many issues of financing during this tough phase.
In another scheme introduced with HDFC, customers will get to avail benefits of a unique combination of Step-up EMI and Balloon EMI at the end of the tenure on all Honda cars. Under this scheme, for a tenure of 7 years, customers can benefit in terms of lower EMI during most part of loan tenure and balance amount included in last EMI. The rate of interest is 9.25% and the EMI increases every year with the balloon EMI in the last month.