New Delhi: Premium car maker Honda Siel Cars India has signed a memorandum of understanding with Punjab National Bank (PNB) to offer finance on its cars.
|
Also
see
|
||||||||
|
Punjab National Bank has agreed to offer a loan amount up to 90 per cent of the "on road car cost".
The public sector bank, which has 4,600 branches, will offer loan to Honda customers for a maximum tenure of seven years.
Auto Slideshows | More auto news
According to the bank's Executive Director, Nagesh Pydah, the bank's prime lending rate at 11.50 per cent was among the lowest in the industry, making its retail loans very competitive.
