Honda Cars India Ltd. (HCIL), a prominent Indian premium car manufacturer, has joined forces with Bajaj Finance Ltd., the lending division of Bajaj FinServ Ltd., a distinguished financial services group in India. This collaboration aims to provide appealing and budget-friendly financing solutions to HCIL’s clientele. The partnership facilitates Honda customers in accessing enticing car finance options, featuring low-interest rates and swift, trouble-free loan approvals when acquiring vehicles such as the Honda Amaze, Honda City, and the upcoming SUV, Honda Elevate.
In this collaboration, Bajaj Finance Limited will deliver tailored retail finance plans to Honda customers, introducing the Flexi Pay Scheme and a digital-centric approach. These offerings encompass features like comprehensive on-road funding of up to 100%, commencing with a competitive Low Rate of Interest (RoI) beginning at 8.75%. The partnership ensures a seamless experience with swift approvals, boasting a remarkably short turnaround time of as little as 30 minutes. To enhance convenience, the entire financing process will be facilitated through a digital customer journey, streamlining the loan disbursement procedure.
Speaking on the occasion Mr. Kunal Behl, Vice President, Marketing & Sales, Honda Cars India said, “At Honda Cars India, we are dedicated to delivering top-notch services to our customers and we are excited about this partnership with Bajaj Finance. This alliance allows us to offer more financing options to our customers and enhance their ownership experience. The various schemes and options which will be offered by Bajaj Finance will lead to an affordable and accessible personal mobility solutions to a diverse set of valued customers.”
Siddhartha Bhatt, Chief Business Officer, Bajaj Auto Finance, added “Through our digital-first approach & affordable solutions (Flexi Loans), we strive to make car buying incredibly easy & affordable for our customers. Our straight-through process is aimed at improving convenience and speed of loan disbursement. We are delighted to join hands with Honda Cars India to provide hassle-free and flexible financing solutions to customers for owning a Honda vehicle in a very accessible and rewarding manner.”
The partnership between Honda Cars India and Bajaj Finance is poised to fortify their market presence and underscore their mutual commitment to delivering exceptional automotive financing options to their customers. With a technology-driven approach, Bajaj Finance, a forward-thinking NBFC, offers a comprehensive array of financial solutions, prioritizing digital enhancements to elevate customer experiences.Honda Cars India (HCIL) has consistently taken steps to enhance the appeal and benefits of car purchasing for its clientele. Collaborating with multiple financiers, including PSU Banks, Retail Financiers, and NBFCs, HCIL has diligently expanded its efforts to enrich the car buying journey. This ensures customers have access to an extensive spectrum of financial choices that cater to their diverse requirements.
