Bangladesh Honda Private Limited(BHL) Signs MoU With BRAC Bank Limited

Published On 16-May-2019 06:59am , By Ashik Mahmud

Bangladesh Honda Private Limited (BHL) signs MoU with BRAC Bank Limited where will be giving  loan facility for Honda motorcycles to the customers.

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Mr. Yuichiro Ishii, Managing Director & CEO, Bangladesh Honda Private Limited, and Mr. Nazmur Rahim, Head of Retail Banking, BRAC Bank, signed the Memorandum of Understanding on behalf of the respective organization at BRAC Bank Head Office in Dhaka.

Honda Motorcycles At Dhaka Bike Show 2019

Honda is the number 1 two-wheeler manufacturer in the world and one of the leading and popular Motorcycle brands of the country and Bangladesh Honda Private Limited has already established it's own manufacturing plant in Gazaria, Munshiganj, Bangladesh. BRAC Bank will provide the loan facility to the purchasers of Honda Branded Motorcycle all over the country.

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  • Interest rate: 12% for male and 11.75% for female customers
  • Processing fees: 1% for male and 0.5% for female customers
  • Down Payment: 20% of the quoted price of the product for male & 10% for female customers
  • Loan amount: BDT 50,000 - BDT 500,000
  • Loan Tenure: 1 year to 3 years
Customer Segment & EligibilityThis financial scheme is available for salaried individuals, businessmen, self-employed professionals & landlords, and minimum criteria is -
Minimum CriteriaProfessionalsSalariedBusinessmanLandlord
Age (Years)21-6021-6023-6025-60
Experience6 months6 months2 yearsn/a
Income (Taka)15,00018,00030,00030,000

By signing this MoU agreement, eligible customers of Honda motorcycles can avail up to 80%-90% of installment facility with 11.75% - 12% yearly interest rate for a period of 1-3 years by the processing fee of 1% for male and 0.5% for female customers.
 bhl signs mou with brac bank limited

 With this tie-up, Honda customers can avail motorbike loan from BRAC Bank branch or 102 Authorized Honda Dealer Showroom in Bangladesh. Honda is committed to spreading the highest quality products at a reasonable price with a focus on the highest customer satisfaction in Bangladesh. This MoU sings up with Brack Bank will help bikers to buy their favorite Honda motorcycle. Every motorcycle company tries to get into this new trend. It will help the biker to buy a motorcycle easily. Thank you.

Published by Ashik Mahmud