In a bid to strengthen its position in rural market, Hero MotoCorp has tied up with Punjab National Bank to sell products through easy financing schemes. Buyers of Hero two-wheelers can avail finance for up to 90% of the price at the lowest base rate of 12.25% and enjoy a maximum repayment period of five years.
Also, the processing fee has been waived for such buyers. For loans of up to Rs 25,000 there will be no requirement of a guarantee.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
