Sundaram Finance Car Loan
Sundaram Finance is one of the largest and a leading player in the area of car finance. We extend finance on all models of cars.
Their vast network of over 150 branches and experienced field force help their customers choose the vehicles and the finance package to suit their budget.
The approval is fast and with minimum documentation. In fact customers can drive away with their dream car in 48 hours flat.
Their car finance schemes are easy to understand and without any hidden costs. You will deal only with our employees who are of high integrity and extremely customer friendly.
You can be assured of a pleasant, transparent and gimmick-free deal from us.
New Car Finance Option
Sundaram Finance Group provides car finance for all models of cars through 100 plus locations that are spread all over the country. The documentation required is minimal and there are no hidden costs. Our procedures are transparent and hassle free. Details of some of the schemes that have been designed with you in mind are given below.
| Scheme | Details |
|---|---|
| Margin money | This is a regular scheme wherein you pay a minimum margin of 25% on the cost of the car. The balance cost is financed and you repay with finance charges in equated monthly instalments (EMI). |
| Advance EMI | In addition to margin money, based on your cash flow, you can pay 2-3 instalments in advance. The advantage here is that the finance charges will be less than the above margin money scheme. |
| Security deposits | Here you place a refundable security deposit (of about 10% to 25% of the cost of the car) with us, which carries an interest at an agreed rate. The finance charge is payable on the total cost of the car. |
| 100 % finance | Here we provide 100% finance on the cost of the car for varying tenures. This is a facility provided under the lease option for medium and large corporates. |
Used Car Finance Option
CREDIT NORMSThe maximum finance period is for 36 months and this also depends on the model and the age of the car being financed. The age of the car including the financing period is generally maintained at a maximum of 5 years. The maximum amount of finance that is given would be 60% of the assessed value.Some simple steps to avail the used car finance from usThe vehicle should be in the name of the person / company availing the finance. The RC book should also have the hire purchase endorsement in our name before we make any disbursement. The vehicle along with the original invoice or attested true copy of the invoice should be made available. Proper comprehensive insurance cover is mandatory for a value acceptable to the company.
