Current Affairs - Banking - Discussion

Honda Motorcycle & Scooter India (HMSI) partnered with IDFC FIRST Bank to provide financing solutions for vehicles across the country. The Memorandum of Understanding (MOU) was signed for the loan facility up to 100% of vehicle cost, zero processing fee, down payment of Rs.999 and extended loan tenure of 48 months offered to two-wheeler customers. This will lead to extra savings of Rs 5,000 on an average loan. The partnership will help IDFC FIRST Bank to offer speedy and convenient financing solutions to the customers.