Customers who wish to drive away with their dream Ford Car can make use of the Ford Credit car loan scheme to fulfil their desire. Offered at attractive interest rates, Ford offers car loans that cover the on-road expenses plus taxes, insurance, etc.
Car Loan links you may be interested in:
Listed below are those who can avail a Ford Car Loan:
Listed in the tables below are the documents that Ford Car Loan applicants need to submit for the car loan approval from Ford:
| Salaried Individuals | |
| Address proof | Utility bills, Aadhaar card, Passport, Driving License etc. |
| ID proof | PAN Card, Voter ID, Driving License, Passport, etc. |
| Income proof |
|
| Self-employed Individuals | |
| Address proof | Aadhaar card, Passport, Lease Agreement, Driving License etc. |
| ID proof | PAN Card, Voter ID, ST registration, Driving License, Passport, etc. |
| Income proof |
|
| Business Customers | |
| Address proof | Utility Bills or Bank Statements |
| ID proof | PAN card of the company |
| Income proof |
|
Listed below is the minimum amount and maximum loan amount that can be availed from Ford Finance to purchase a car:
| Minimum finance amount | Rs.1 lakh |
| Maximum finance amount | The complete cost of the car plus road tax, service tax, insurance, down payment, etc. |
| Repayment schedule | EMIs of the principal amount of the car loan plus interest |
| Minimum loan term | 12 months |
| Maximum loan term | 60 months |
You can email Ford at fcicare@ford.com of your desire to avail a car loan from them and you will have to then visit the nearest Ford dealership showroom. Fill in the application form and submit relevant documents for verification. If your car loan application is approved, Ford will finance the car you wish to purchase and set up a repayment schedule as per your financial situation and repayment ability.
You can avail a car loan from Ford to buy either a passenger vehicle or an SUV that is manufactured by them. Ford does not offer car loans to buy cars from other manufacturers.
In most cases, you will not require a guarantor, but a guarantor letter might be requested after the documents are verified. That said, you do need to submit a collateral to avail a car loan from Ford, however, for the duration of the repayment tenure, the car will be hypothecated to FCIPL.
Yes, Ford customers have the option of closing their car loan before the stipulated date of complete repayment but a prepayment charge of 3% of the outstanding balance plus service tax will be applicable.
The interest will certainly depend on the loan amount availed and the repayment tenure chosen by the car loan applicant. Customers can visit any Ford Dealership or write to Ford at fcicare@ford.com to know more about the interest rates offered.
A new BS6 compliant version of the EcoSport has been launched by Ford India, the prices of which is just Rs.13,000 more than its BS4 counterpart. The BS6 compliant EcoSport will be priced at Rs.8.04 lakh onwards which can go up to Rs.11.43 lakh for the top variant which is the Titanium + Automatic variant. The BS6 diesel variants will be priced Rs.8.54 lakh onwards and can go up to Rs.11.58 lakh for the top variant which is the Titanium + Manual Sports variant. As an added benefit, the 10-year service package or 1,00,000 km warranty will be extended by Ford just at an extra cost of Rs.4,700. The Executive Director of Marketing, Sales & Service of Ford India was quoted saying, ‘Ford is committed to offer products & technologies our customers want & value -- including our best-in-class diesel engines - at almost the same price. With continuation of its entire range, Ford EcoSport will be the vehicle of choice for all compact SUV customers and meet their diverse needs.’
22 January 2020
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