Ford Finance

Documents Required to Apply for 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	Last 3 months' salary slips and Form 16 or Income Tax Return Certificate Salary Bank Statement of the last 6 months

Self-employed Individuals
Address proof	Aadhaar card, Passport, Lease Agreement, Driving Licence etc.
ID proof	PAN Card, Voter ID, ST registration, Driving License, Passport, etc.
Income proof	Last 2 years Income Tax Returns with computation of return Business Bank Salary Credit of the last 6 months Sales Tax Certificate

Business Customers
Address proof	Utility Bills or Bank Statements
ID proof	PAN card of the company
Income proof	Audited Balance sheet Audited ITR report Last 6 months bank statements Board Partners Authorisation Letter Sales Tax Certificate, Service Tax Certificate, VAT Certificate KYC Documents of Proprietor Partnership Deed

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Quantum of Finance of Ford Car Loan

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 Details for Ford Car Loan

Repayment schedule	EMIs of the principal amount of the car loan plus interest
Minimum loan term	12 months
Maximum loan term	60 months

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FAQs

• What is the process to avail a car loan from Ford?

  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.

• Is it possible to avail a Ford Car loan to buy any car or just cars manufactured by Ford?

  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.

• Do I need a guarantor and security/collateral to avail a Ford Car Loan?

  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.

• Is Ford car loan prepayment allowed?

  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.

• Does Ford charge a fixed interest for their car loan schemes?

  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.