New Delhi: The festive season is about to begin in the country. Most people buy new vehicles. Keeping this in mind, along with companies, banks are also offering new deals for the customer. Federal Bank has brought a great offer, under which you can bring your favourite bike home by paying just one rupee.

This offer from Federal Bank is available on Honda, Hero Moto Corp and TVS selected motorcycles. The bank is giving this offer in 947 showrooms across the country. With this, you will also get the benefit of five per cent cashback. Also, no processing fees will have to be paid.

According to Federal Bank, customers will not have to go to the bank branch for this. The bank has said that there are great offers for the customers who are planning to buy two-wheeler. EMI facility will be provided on the debit card of the customers of Federal Bank. The bank said that this entire process will be online, no paperwork will have to be done for it. Federal Bank offers EMI option on a debit card in 36,000 stores across the country. Federal Bank has recently introduced EMI facility on Amazon and Flipkart.

According to the Federal Bank, unlike two-wheeler loans, vehicles purchased on the bank's debit card will not have to be hypothecated in favour of the bank. Customers can choose a repayment period of 3,6,9 or 12 months. Under this offer, no processing charge will be charged on the loan. Customers can get five per cent cashback on 793 showrooms of Honda bikes across the country.

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