Andhra Bank has inked memorandum of understanding (MoU) with Honda Motorcycle & Scooter India (HMSI) for financing Honda 2-wheelers. The bank will offer easy retail finance option for Honda two-wheelers at an interest rate of 11.75 per cent on reducing balance on the total repayment amount.
Loans will be extended for five years up to 85 per cent of the total cost of the vehicle up to a maximum of Rs. 1.50 lakh with zero processing and documentation charges. For women, a special discount of 0.75 bps will also be offered.
