Sundaram Finance Car Loans In India

Sundaram Finance Group is one of the leading Non Banking Finance Companies in offering car loans in India. The company provides car finance for all types of cars through its vast network across the country. The transparency and minimal documentation with their loan offers attracts lots of customers. Both the car loans namely, New Car Loans and Used Car Loans are available with Sundaram Finance that are categorized in four different types:

Margin Money Scheme on Car Loan

It is a regular scheme in which you have to pay a minimum of 25% of the cost of the car in advance. The balance amount is financed and you have to repay the principle amount along with interest charges in equated monthly installments (EMI).

Advance EMI Scheme on Car Loan

In addition to margin money, based on your cash flow, you can pay 2-3 installments in advance. The interest charges in this scheme are less than the margin money scheme.

Security Deposit Scheme on Car Loan

In this scheme you have to place a refundable security deposit (of about 10% to 25% of the cost of the car), which carries an interest at an agreed rate. The finance charge is payable on the total cost of the car.

100% Finance Scheme on Car Loan

Under this scheme 100% finance is provided on the cost of the car for varying tenures. This facility is provided under the lease option for medium and large corporates.

For further details:
http://www.sundaramfinance.com/products/carfinance/carfinance.asp