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    About SKODA Finance

    Originally founded in 1895 as Laurin & Klement, Skoda Auto, popularly known as Skoda, is a Czech automobile manufacturer with a dominant presence in the international automotive industry. In India, Skoda Auto has introduced a fleet of the finest vehicles which feature the best of engineering and design. To add to the customer-driven experience, Skoda has introduced Skoda Finance, a dedicated car finance and insurance service designed to fit the customer’s needs and provide them with a top-notch and hassle-free experience for the purchase of their new Skoda automobile.


    Features & Benefits of SKODA Finance Car Loan

    Working towards building long-lasting relationships with customers, Skoda Finance India features a string of key benefits to customers to ensure a smooth ride, right from the time they apply for a Skoda Finance car loan and to the moment when they drive out with their brand new vehicle. Some of the attractive features which make Skoda Finance a preferred choice among customers are as follows:

    • With Skoda Finance, customers can avail loan amounts as high as 90% of the car value.

    • Flexible payment options ranging from 12 months to 60 months.

    • With Skoda Finance, a customer’s comfort always comes first. Which is why, these car loans take much lesser time for processing.

    • Skoda Finance car loan features the most competitive and attractive rates of interest, so that you’re miles closer to owning your dream car.

    • Another great feature of Skoda Finance is that it requires only minimal documentation for loan application and processing.

    • Customers can make repayments on their car loans via Post-dated Cheques (PDCs) or ECS (available only in select cities).

    • Unlike any other car loan, Skoda Finance provides for accessory funding as part of your car loan, so there is no compromise on the excellent driving experience.

    • Be assured that you will get nothing but a world class customer experience with Skoda Finance where customer comfort comes foremost.

    SKODA Finance Car Loan Eligibility

    Salaried Individuals

    Particulars

    Car Value

    Up To 10 lakhs

    Car Value between

    10 lakh – 20 lakh

    Car Value between

    20 lakh & Above

    Age

    Not below 21 years

    Not below 21 years

    Not below 21 years

    Minimum Annual Income

    Not below Rs 2 lakh

    Not below Rs 5 lakh

    Not below Rs 10 lakh

    Occupation Stability

    Minimum 3 years

    Minimum 3 years

    Minimum 5 years

    LTV (%)

    Up to 90%

    Up to 90%

    Up to 90%

    Self Employed Individuals

    Particulars

    Car Value

    Up to Rs 10 lakh

    Car Value between

    10 lakh – 20 lakh

    Car Value between

    20 lakhs & Above

    Age

    Not below 21 years

    Not below 21 years

    Not below 21 years

    Minimum Annual Income

    Not below Rs 1 lakh

    Not below Rs 3.50 lakh

    Not below Rs 5 lakh

    Occupation Stability

    Minimum of 2 years

    Minimum of 5 years

    Minimum of Rs 7 years

    LTV (%)

    Up to 85%

    Up to 85%

    Up to 85%

    Documentation required for SKODA Finance Car Loan

    Prior to submitting the documents for loan application, customers are advised to remember:

    • Bank statement of the last 6 months is required, irrespective of the loan amount.

    • Copies of all documents must be self-attested by the applicant.

    Salaried Individuals

    Identity Proof – Passport, PAN Card, Driving License, Employee ID issued by Govt. of India.

    Address Proof – Passport, Lease Agreement, Telephone bill, Utility bill, Bank Statement.

    Other Documents – Last 3 months’ pay slips & Form 16 / IT Return.

    Self Employed Individuals

    Identity Proof – Passport, PAN Card, Driving License, Service Tax Registration Certificate.

    Address Proof - Passport, Lease Agreement, Telephone bill, Utility Bill, Bank Statement.

    Other Documents – Last 2 years’ Income Tax Returns along with Balance Sheet & Profit and Loss A/C, Computation of Income. If the ITR has been audited, then the audited report must be attached along with the annexures.

    Partnership Firm

    Identity Proof - Partnership Deed, Latest Sales Tax Assessment Order, Service Tax Registration Certificate, Identity Proof of signing partners.

    Address Proof - Electricity / Water / Telephone bills. Address proof of signing partners is required.

    Income Proof - Audited Balance Sheet, Profit & Loss A/C, Computation of Income. If the ITR has been audited, then the audited report must be attached along with the annexures.

    Limited Company

    Identity Proof - Identity proof of signing directors, MOA & AOA of organizations, Service Tax Registration Certificate.

    Address Proof – Address proof of all directors is required. Documents serving as Identity Proof must have the current address of the company.

    Income proof - Audited Balance Sheet, Profit & Loss A/C, Computation of Income. If the ITR has been audited, then the audited report must be attached along with the annexures.

    SKODA Finance Car Loan Interest Rate

    Skoda Finance offers one of the most attractive rates of interest to make it easier for you to own your dream car. The interest rate for Skoda car loans is calculated on a monthly reducing balance basis.

    Cars Manufactured By SKODA

    Skoda currently manufactures four vehicles for the Indian audience which have been designed specifically for four lifestyle segments – Family, City, Business and Outdoors. The four models currently available in India are the SKODA Octavia, SKODA Superb, SKODA Yeti and the SKODA Rapid.

    FAQs

    How do I find out the status of my Skoda Finance Car Loan?

    You may find out the status of your car loan simply by getting in touch with any of Skoda representative who will assist you with your query.

    Are there any prepayment charges associated with the Skoda Finance Car Loan ?

    Yes, there is a prepayment fee of 3% which will be charged on the outstanding principal loan amount along with Service Tax, if the loan is closed within 24 months.

    From where can I obtain the Skoda Finance Loan Application Form?

    You can get your Skoda Finance Application Form from your nearest Skoda dealership.

    Can I check my Skoda Finance car loan statement online?

    Skoda Finance does not provide car loan statements online. The same may be procured by getting in touch with the associated Skoda dealership.

    Is there a Skoda Finance Customer Care where I may call to get my queries resolved?

    Yes, you may call the Skoda Finance Customer Care at XXXX to resolve any query regarding your car loan.

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