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You are here :  Car Finance  |  Buying a New Car - Finance Options

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.

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