Bank of Rajasthan ties up with Hero Honda for two wheeler loans

MUMBAI: Bank of Rajasthan has announced a strategic tie-up with Hero Honda Motors Ltd. The company has entered into this tie up with the aim to offer retail financing facilities to two-wheeler customers at lower interest rates. This tie up will enable the customer to avail the loan on an interest rate, which has been reduced by 150 basis points coupled with a concession of 50% on the processing fees. The two major players have tied up to simplify the purchase of two-wheeler for both the urban as well as the rural customers with the network of 463 branches across the country and a customer base of over 2 million of Bank of Rajasthan. The bank will also get access to the sales network of Hero Honda Motors Ltd.