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    Audi Finance Overview

    This German automaker is renowned worldwide for its top notch luxury cars ranging from sedans to SUVs. Founded in 1932 at Chemnitz, Germany, Audi has 11 production units in 9 countries around the globe.


    In India, Audi offers a range of cars in categories of Sedan, Coupe, SUV, Cabriolet, Sport and Spyder. The exclusive captive finance arm of Audi in India extends loan options at pleasing terms and rates on the entire range of Audi cars in the country. Financing a car purchase from the stable is now hassle free and comes with a slew of benefits.

    Audi Finance Car Loan Eligibility

    Straightforward eligibility criteria is the face of Audi finance for cars in India. A breakup of the conditions has been provided below.

    Car Value Up to Rs.10 Lacs

    Salaried

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.2 lacs

    Job Stability

    Minimum of 3 years

    Loan to Value(LTV)

    A max. of 90% of car value

    Self Employed

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.1 lac

    Business Stability

    Minimum of 2 years

    Loan to Value(LTV)

    A max. of 85% of car value

    Car Value Between 10 to 20 lacs

    Salaried

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.5 lacs

    Job Stability

    Minimum of 3 years

    Loan to Value(LTV)

    A max. of 90% of car value

    Self Employed

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.3.50 lacs

    Business Stability

    Minimum of 5 years

    Loan to Value(LTV)

    A max. of 85% of car value

    Car Value of Rs.20 lacs and Above

    Salaried

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.10 lacs

    Job Stability

    Minimum of 5 years

    Loan to Value(LTV)

    A max. of 90% of car value

    Self Employed

    Age

    21 years and above

    Income

    Min. gross annual income should be Rs.5 lacs

    Business Stability

    Minimum of 7 years

    Loan to Value(LTV)

    A max. of 85% of car value

    Documentation required for Audi Finance Car Loan

    Identity Proof

    Valid proof of identity issued by government agencies such as Passport, PAN Card, Driver's License, Sales Tax Registration certificate and Employee ID issued by Govt. of India are accepted.

    Address Proof

    Passport, Lease/Rental Agreement, Utility Bills, Bank Statement.

    Income Proof

    • For salaried class, Payslips of last 3 months, Form 16 or IT Returns.

    • For self employed, ITR for the last two years, Balance Sheet, P&L a/c.

    The list of documentation above is indicative. During the application process, Audi Finance representatives will advise further on nature of documentation.

    Audi Finance Car Loan Interest Rates

    Audi finances the entire fleet of cars at attractive interest rates. The rate of interest is determined at the time of application and a rate card will be made available during your visit. The interest charges depend on many inputs such as eligibility, income, model of the car, prevailing offers, etc.

    Do inquire at the nearest showroom for further details on interest rate slabs.

    Features and Benefits of Audi Finance Car Loan

    High Quantum of Financing

    The finance arm of Audi provides up to 90% finance of total cost on Audi cars which implies less burden for you in terms of down payment. With such high quantum of financing, you can own a model of your choice and payback in EMIs.

    Flexible Payback Options

    With a repayment tenure ranging from 12 - 84 months, you get sufficient space in choosing a tenure that suits your monthly budget.

    Accelerated Processing and Hassle Free Documentation

    The fervour to own a car is complemented by the quick processing system from Audi finance. The turnaround time is communicated upfront and comes with minimum documentation.

    Coverage for Accessories

    Accessorizing the car is one of the most exciting part of owning one. Cost of accessories and gadgets will be included in the loan amount.

    How to Calculate EMI for Audi Finance Car Loan

    In order to understand the costs involved in a car loan and its impact on your budgeting, use the Audi Car Loan EMI Calculator to estimate the expenses. This intuitive tool not only provides an elaborate breakup of the EMI amount and details of amortisation, but also presents monetary value of various costs such as processing fee which helps in preparing for the loan.

    Cars Sold by Audi in India

    Sedan Class A3, A4, A6, S6, A8L
    Coupe RS5, TT, R8
    SUV Q3, Q5, Q7
    Cabriolet A3
    Sport RS7
    Spyder R8

    Frequently Asked Questions

    1) Can I purchase other brand cars with Audi Finance?

    No. You are only procure cars manufactured by Audi under this scheme.

    2) Is there a penalty levied if I decide to pre close my existing car loan?

    A penalty at the rate of 3% of the outstanding loan amount along with applicable service charges is payable for all foreclosures within the first 24 months of the loan date.

    3) Do I need to provide a security to avail a loan from Audi Finance?

    There is no requirement for additional security. The car purchased under the scheme will be hypothecated until closure of the loan account.

    4) Where can I apply for a car loan from Audi?

    Representatives from the finance wing are available at all showrooms of Audi across India.

    News About Audi Finance

    • Audi R8 Coupe Receives the “2016 World Performance Car” Award

      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.

      BankBazaar News About Loan

      6th April 2016

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