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The process to avail an Audi Finance car loan is easy, flexible, and quick. Minimal documents will also need to be submitted.
The main features and benefits of Audi Finance are mentioned below:
The eligibility criteria that must be met will vary for self-employed individuals and salaried employees. The eligibility criteria that must be met depends on the value of the car and are mentioned in the table below:
Particulars | Value of the car can be up to Rs.10 lakh | Value of the car is between Rs.10 lakh and Rs.20 lakh | Value of the car is above Rs.20 lakh |
---|---|---|---|
Age | At least 21 years old | At least 21 years old | At least 21 years old |
Income | Minimum annual income must be at least Rs.1 lakh | Minimum annual income must be at least Rs.3.5 lakh | Minimum annual income must be at least Rs.5 lakh |
Business stability | Minimum of 2 years | Minimum of 5 years | Minimum of 7 years |
Loan-to-Value (LTV) % | Up to 85% | Up to 85% | Up to 85% |
Particulars | Value of the car can be up to Rs.10 lakh | Value of the car is between Rs.10 lakh and Rs.20 lakh | Value of the car is above Rs.20 lakh |
---|---|---|---|
Age | At least 21 years old | At least 21 years old | At least 21 years old |
Income | Gross annual income must be at least Rs.2 lakh | Gross annual income must be at least Rs.5 lakh | Gross annual income must be at least Rs.10 lakh |
Business stability | Minimum of 3 years | Minimum of 3 years | Minimum of 5 years |
Loan-to-Value (LTV) % | Up to 90% | Up to 90% | Up to 90% |
The documents that must be submitted for salaried employees, self-employed individuals, Partnership Firms, and Limited Companies are mentioned below:
Apart from the above-mentioned documents, the last 6 months bank statement must be submitted as well. Any documents that are submitted must be self-attested.
The main fees and charges that are levied by Audi Finance are mentioned in the table below:
Services | Charges |
---|---|
Processing Fee |
|
Change in contract tenure | Rs.5,000 |
Loan cancellation charges | Rs.5,000 |
Documentation charges | Rs.350 |
Cheque Representation charges | Rs.500 |
Change in Agreement | Rs.2,500 |
Address change | Nil |
Personal information change | Nil |
Foreclosure Charges | 3% of the principal amount that is outstanding along with the Service Tax |
No, a loan availed from Audi Finance can be used to buy only Audi manufactured cars.
No, it is not mandatory to provide a guarantor.
No, security or collateral needs to be provided. The car will act as security.
The loan can be repaid by providing post-dated cheques or by ECS.
You will be able to get details about Audi Finance at any Authorised Audi Dealership.
The Audi R8 Coupe had recently received the illustrious “2016 World Performance Car” Award at the World Car Awards. This award program was held during the New York Auto Show. This luxury sports car has won a total of 4 awards this year. The vote was made by 73 well-recognized automotive journalists. The car has already been launched in India with a modified 5.2-litre V10 engine. It produces a maximum power of 618PS and a maximum torque of 560Nm. The predecessor of this model had also received two awards previously - the World Car Design of the Year award and the World Performance Car award.
6 April 2016
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