HSBC to extend loan to buyers of Honda cars
The Hongkong and Shanghai Banking Corporation Limited (HSBC) in Bangladesh will provide car loans to the customers of DHS Motors, the sole distributor of Honda vehicles in Bangladesh, at a preferential rate of 13 percent.A memorandum of understanding (MoU) to this effect was signed between the two organisations recently, says a press release. Mamoon Mahmood Shah, manager, Personal Financial Services of HSBC in Bangladesh, and N A T Rouf, director (Sales & Services) of DHS Motors, sole distributor of Honda vehicles in Bangladesh, signed the MoU on behalf of their organisations in Dhaka. The customers will have to pay a nominal loan-processing fee.
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