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Honda Motorcycle partnered with IDFC – First Bank for retail financing

Honda Motorcycle & Scooter India (HMSI) partnered with IDFC FIRST Bank to provide financing solutions for vehicles across the country
The Memorandum of Understanding(MJ) 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.

About IDFC FIRST Bank:
IDFC stands for Infrastructure Development Finance Company.
It was founded by the merger of Capital First and IDFC Bank in December 2018
Headquarters: Mumbai Managing Director & CEO: V. Vaidyanathan

About HMSI: 
Parent Organization: Honda Motor Company
Headquarters: Gurgaon, Haryana
CEO: Minoru Kato

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