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HMSI partners with IDFC FIRST Bank to offer financing solutions

Press Trust of India  |  New Delhi 

Motorcycle & (HMSI) Tuesday said it has partnered with to provide financing solutions across the country.

The two partner have signed a memorandum of understanding (MoU) under which facilities like loans up to 100 per cent of vehicle cost, zero processing fee, down payment of Rs 999 and extended loan tenure of 48 months, among others will be offered to the two-wheeler maker's customers, HMSI said in a statement.

Commenting on the development, HMSI Senior Vice President, said with increased cost of ownership, and new brake regulations in two-wheelers, more and more customers are availing to own two-wheelers.

"We believe that consumer shift towards will accelerate even more in coming year and our partnership with Ltd as our new additional retail partner is truly a win-win situation for our valued customers," he added.

Head Retail-Assets Pradeep Natarajan said the alliance enables the bank to offer to a larger customer base across the country.

"It also strengthens our position as one of the leading players in two-wheeler financing. The association with will bring about a synergistic benefit for both the organizations...," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 14 2019. 14:46 IST