Honda Siel ties-up with PNB for car financing
Honda tied-up with Punjab National Bank, a public sector bank, for finance its car as a part of its plan to expand its presence in smaller cities in the country. By this tie-up, working capital requirements of its dealers would be fulfilled. According to the plan,the bank will offer car loans up to 90 per cent of on-road cost for tenure ranging up to seven years at interest rates of 10.5-11 per cent.
Vikas
Published On Apr 22, 2009 14:54 IST
Published OnApr 22, 2009 14:54 IST
Last Updated OnApr 22, 2009 14:54 IST
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Asked whether the company will tie-up with other PSU banks, he said initially the company is focusing on tie-up with the PNB but options are open as PSU banks have a vast network in the country.
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<p>A totally people's person Vikas Yogi ventured into journalism 5 years ago. He started his career as a journalist for an online media agency, where he worked on few of their best online projects. Later on, he was given command of their entire content development division, where he single handedly managed and developed content for various domains ranging from Telecommunications, Electronics, Home Appliances, Fashion, Lifestyle to his favorite 'Automobiles'.</p>
<p>He has spent more than 3 years writing about the automobiles and being a car fanatic, he has got the right blend of enthusiasm and knowledge that is required to keep the readers' spirits up. Known for his wits and puns, Vikas is leading a team of journalists as an expert on automobiles but surely not limited to being one.</p>Read more
