New Delhi (PTI) Car maker Honda Siel Cars India on Tuesday said that it has entered into a Memorandum of Understanding (MoU) with state sector lender Bank of Baroda for financing of vehicles.

"Bank of Baroda will offer car loans at very competitive rate of 10.5-11 per cent. This facility will be available at all the branches of Bank of Baroda and 103 facilities of Honda Siel Cars India," it said in a statement.

"We are glad to associate with Bank of Baroda to provide end to end car finance facilities to our customers. This service initiative is another step from Honda Siel Cars to strengthen our relationship with our customers," Honda Siel Cars India Director (Marketing) T. Natsume said.

Honda Siel Cars India is a joint venture between Japanese auto maker Honda Motor Co and Siel Ltd and its product range in India includes Honda City, Honda Civic and Honda Accord.

Also see: