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  • Audi Finance - Application Process

    The process to avail an Audi Finance car loan is easy, flexible, and quick. Minimal documents will also need to be submitted.

    • An Audi representative will contact you at the dealership to help you regarding the documentation process.
    • Once the post-sanction documents are received at the Central Office, the loan will be processed.
    • In case the vehicle is already available at the dealership, you can buy the car as soon as the money is disbursed.
    • The original Insurance Policy, Invoice, and Registration copy can be retained by you. However, a photocopy will need to be submitted to Audi Finance.
    • You can cancel the car loan at any given time before the loan is disbursed. You will need to inform the representative who has collected the documents as well as send a written request.

    Features and Benefits of Audi Finance

    The main features and benefits of Audi Finance are mentioned below:

    • Up 90% of the on-road price of the car may be financed.
    • The approval process is fast.
    • The interest rates offered are attractive and competitive.
    • Interest is calculated on a monthly reducing balance basis.
    • Customised loan products are available.
    • Flexible repayment options are available.
    • Innovative financial solutions are provided.
    • Funding is provided for a long tenure.
    • World-class customer experience
    • Minimal documentation

    Eligibility Criteria

    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:

    Self-employed Individuals

    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%

    Salaried Employees

    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%

    Audi Finance - Documents

    The documents that must be submitted for salaried employees, self-employed individuals, Partnership Firms, and Limited Companies are mentioned below:

    Salaried Employees

    1. Income Proof: Any of the below-mentioned documents can be submitted as proof of income:
      • Passport
      • Permanent Account Number (PAN) Card
      • Employee ID that has been issued by the government of India
      • Aadhaar Card
    2. Address Proof: Any of the below-mentioned documents can be submitted as proof of address:
      • Bank statement
      • Utility bill
      • Telephone bill
      • Lease agreement
      • Passport
    3. Income Proof: Any of the below-mentioned documents can be submitted as proof of income:
      • Form 16
      • Income Tax Returns
      • Last 3 months’ salary slip

    Self-employed Individuals

    1. Income Proof: Any of the below-mentioned documents can be submitted as proof of income:
      • Passport
      • PAN Card
      • ST Registration Certificate
      • Driving License
    2. Address Proof: Any of the below-mentioned documents can be submitted as proof of address:
      • Bank statement
      • Utility bill
      • Telephone bill
      • Lease agreement
      • Passport
    3. Income Proof: The Income Tax Returns for the last two years along with the computation of income, Profit and Loss accounts, and Balance Sheet must be submitted. In case the returns are audited, the audited report must be submitted as well.

    Partnership Firms

    1. Income Proof: Any of the below-mentioned documents can be submitted as proof of income:
      • Partnership Deed
      • Latest Sales Tax Assessment Order
      • ST Registration Certificate
      • Identity proof of partners
    2. Address Proof: Any of the below-mentioned documents can be submitted as proof of address:
      • Telephone Bill
      • Electricity Bill
      • Water Bill
      • Address proof of all partners
    3. Income Proof: The Income Tax Returns along with the computation of income, Profit and Loss accounts, and Balance Sheet must be submitted. In case the returns are audited, the audited report must be submitted as well.

    Limited Companies

    1. Income Proof: Any of the below-mentioned documents can be submitted as proof of income:
      • MOA and AOA
      • ST Registration Certificate
      • Identity proof of all directors
    2. Address Proof: Any document that is submitted must contain the address of the company. Address proof of the directors must be submitted as well.
    3. Income Proof: The Income Tax Returns along with the computation of income, Profit and Loss accounts, and Balance Sheet must be submitted. In case the returns are audited, the audited report must be submitted as well.

    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.

    Fees and Charges

    The main fees and charges that are levied by Audi Finance are mentioned in the table below:

    Services Charges
    Processing Fee
    • Less than Rs.5 lakh: Rs.3,379
    • Between Rs.5 lakh and Rs.10 lakh: Rs.3,887
    • Above Rs.10 lakh: Rs.4,565
    • Goods and Service Tax: 18%
    • Documentation Charges: Rs.350
    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

    Audi Finance - FAQs

    1. Can a loan availed from Audi Finance be used to buy any car?
    2. No, a loan availed from Audi Finance can be used to buy only Audi manufactured cars.

    3. Is it mandatory to provide a guarantor?
    4. No, it is not mandatory to provide a guarantor.

    5. What security or collateral must be provided?
    6. No, security or collateral needs to be provided. The car will act as security.

    7. How can the loan be repaid?
    8. The loan can be repaid by providing post-dated cheques or by ECS.

    9. How can individuals approach Audi Finance?
    10. You will be able to get details about Audi Finance at any Authorised Audi Dealership.

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