| 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. |
|