Do you have tie-up with leading automobile manufacturers/ dealers?
Yes. Special schemes in tie-up with various dealers will be running at various locations and at various points of time. Click here
to send us a mail to find out whether any special scheme is running in your area.
Can I change dealers at any point of time?
Yes, this is subject to certain terms and conditions.Top
Is third party insurance cover alone sufficient?
No. Comprehensive coverage is required.Top
Do you insist that insurance has to be done only through your agent? Can I take responsibility for insurance on my own?
We do not insist on this, but should ensure to arrange for comprehensive insurance and produce the policy copy with our hire purchase endorsement in time. However, if you pay the premium deposits along with your monthly instalments we can take care of your future insurance needs.Top
Do you quote on a flat rate basis or on diminishing balance basis?
We quote on a flat rate basis.Top
Is there any service charges or document charges?
We do not levy any service charges. We only collect stamp charges and charges levied by any statutory authority: that varies depending on the place of execution of the contract.Top
In case I have an existing fixed deposit with you, will you consider that amount as a security and give me higher funding?
Can I make bulk part payments to reduce the finance quantum and also have a revised repayment structure?
Yes. However this can be accommodated only within six months from the date of agreement.Top
Can I remit the instalment in any branch?
Yes. You can remit your instalment in any of our branches. Click here
to view our list of branches
Can I issue cheques drawn on banks where you do not have branches?
Yes. However, a charge is leviable for collection of such cheques.Top
Do you need any collateral security?
Will you require a guarantee always?
Normally we require a guarantor.Top
What will be the quantum of finance?
The maximum finance that we provide is 75% of the on road cost of the vehicle (excluding accessories and insurance).Top
What is the procedure in case I wish to foreclose my account?
Subject to payment of penality as per the terms of the contract.Top
Can the basic terms of the contract be altered? If so, which components could be altered?
We can alter the amount of finance & tenure on execution of a supplemental agreement if agreed to.Top
Normal Closure of Contracts
What should I do when my contract tenure gets over?
On payment of the last instalment and any other dues as per the agreement, the termination papers including the RTO related papers would be issued.Top
What papers do I have to collect on termination?
The hire purchase termination letter, the no-objection letter addressed to the RTO and insurance endorsement cancellation letterTop
At what frequency do you send me periodical statement of account?
Statement of accounts would be sent only on a request from you.Top
What should I do in the case of address change? Whom should I intimate?
You can intimate the branch, which you normally deal with. Otherwise send us e-mail by clicking here
How much time do you take to sanction a loan?
Normally the approval is accorded in one working day on submission of all the required documents and information.Top
Will you give me a copy of the agreement duly filled in for my records?
Do you finance on all makes of CVs?
Do you finance for body construction as well?
We extend finance for body construction selectively for buses only.Top