If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    We found 2 Sundaram Finance

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.50% - 11% Fixed
    2,500 One time fee
    1L Min
    1-5 Years Tenure
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 14% Fixed
    2,500 One time fee
    1L Min
    1-3 Years Tenure
    Response Time Within 30 minutes
    Rs.2,500 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Sundaram Finance is Rated as "Great!" by 239 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Car Loan BYTES FROM OUR KITCHEN

    Overview

    Sundaram Finance Ltd. is a trusted finance company under the Sundaram Finance Group that offers finance on all makes and models of cars ensuring attractive rates of interest, no hidden costs, and a quick and hassle-free process. Sundaram Finance assures its customers of transparency in their transactions. They also provide customized products for women and senior citizens.


     

     

    You’re probably eligible for Sundaram Car Finance if you are

    01
    02
    03
    04
    Sundaram Car Finance Minimum Age

    At least 21 years old

    Sundaram Car Finance Maximum Age

    Less than 65 years old

    Sundaram Car Finance Eligible Employment Type

    Salaried or self-employed
    with regular income

    Sundaram Car Finance Minimum Income

    Earn more than the minimum
    income required


     

    Your Sundaram Car Finance amount eligibility is based on these factors

    01
    02
    03
    Sundaram Car Finance Minimum Salary

    Minimum income required
    Rs. 2.5L Per Annum

    Sundaram Car Finance Maximum Loan to Value

    Loan capped @
    85% of the ex-showroom price

    Sundaram Car Finance EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible Sundaram Car Finance amount by these steps

    01
    02
    Sundaram Car Finance Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Sundaram Car Finance Maximum Tenure

    Choose longer tenure loan up to 5 years


     

    Documentation needed to apply for an Sundaram Car Finance

    • 1. Residence proof
    • 2. Photo ID and age proof
    • 3. Signed application form with photograph
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

     

    Sundaram Car Finance Interest RatesUpdated on 22 Jun 2017

    Sundaram Car Finance Details
    Interest Rate (Monthly reducing balance) 9.50% to 11.00%
    Processing Fees Rs.2500
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 3% of principal outstanding
    Guarantor Requirement No guarantor required

    Sundaram Car Loan Eligibility

    Sundaram Car Loan is available to:

    • Individuals – Salaried, Professionals and Businessmen.

    • Proprietorship

    • Partnerships Concerns

    • Public/Private Limited Companies

    • Salaried employees need to have completed 3 years of cumulative service.

    • Age eligibility for salaried is 21 to 55 years, for professionals it is 21 to 65 years.

    Apply for Car Loan Online

    Documentation Required

    Individuals and Proprietorship requirements:

    1. One passport-sized photograph

    2. Identity Proof – Valid passport, photo credit card, PAN card, Driving license, Patta passbook with photo, Ration card or Voter’s ID.

    3. Address Proof - Valid passport, Lease agreement in force, Driving license, House tax challan, Housing Society bill, Electricity bill, Phone bill, Water tax challan, Life insurance premium receipt, Ration card or Voter’s ID.

    4. Asset Proof – House tax/Water tax challan, Patta copy, Housing Co-op Society bill, Sale deed of property.

    5. Any of the following proof of income must be produced.

    a. Last two months salary slip, Form 16 and latest IT returns.

    b. Last 2 years IT returns

    c. Audited P&L and balance sheet.

    d. Previous year’s IT returns along with current year’s provisional.

    1. Last 6 months bank statements

    2. Signature proof

    3. Post-dated cheques or Electronic clearing service is required for the full period.

    For partnerships, the partnership deed, asset and income proof needs to be submitted.

    For companies, the Memorandum of Association and Articles of Association is required, along with the signature proof.

    Additional requirements for used cars:

    • The car should be in the name of the company/individual availing the loan.

    • The hire purchase endorsement in Sundaram’s name should be in the RC book.

    • The car along with the original invoice or attested copy of the invoice must be available.

    • Comprehensive Insurance cover is necessary for a value acceptable to the company.

    Loan Amount and Tenure

    Type

    Funding

    New cars Up to 95%
    Used Car Up to 60% of the assessed value

    For used cars, the maximum finance period is 36 months, which depends on the model and age of the car. The age of the car including the finance period is a maximum of 5 years.

    Interest

    Interest is calculated on a flat rate basis and variables of the customer concerned.

    Features and benefits

    • Minimum waiting period.

    • Hassle-free process.

    • Low EMIs.

    • Attractive rates of interest.

    • Customized insurance options.

    • Imported cars are considered on a case-to-case basis.

    • NRIs can avail finance subject to approval from the RBI.

    • Money on wheels: A pre-approved loan on your existing car loan at attractive interest rates. If timely repayment is maintained on the existing car loan, Sundaram Finance Ltd. extends a loan at rates of interest much lower than other personal loans.

    How to Calculate EMI for Sundaram Finance Car Loan

    The Sundaram Finance Car Loan Calculator lets you calculate your EMIs in easy steps. With just basic inputs such as the loan amount, desired tenure, interest rate and processing fee(percentage), you can ascertain your EMI amount plus elaborate breakup in the form of the amortisation chart. A highly recommended tool which helps you extensively in preparing for a car loan from Sundaram Finance.

    FAQs

    I have already applied for a can loan, can I switch dealers?

    Yes, you can switch provided the payment has not been made yet.

    Does the finance cover car accessories?

    No. It covers only standard fittings.

    What is the procedure for prepayment and are there any charges?

    Sundaram Car Loan prepayment is usually not considered, but under special request, the loan can be foreclosed with the payment of penalty as per the agreement.

    Is there any procedure following the normal closure of the loan?

    After the last EMI and any other fees are paid, termination papers will be issued which comprise of the hire purchase termination letter, no objection letter addressed to the RTO, and insurance endorsement cancellation letter.

    How can I check the status of my loan?

    Statements of the Sundaram Car Loan Status will be issued to you upon request. You could also call the Sundaram customer care or send in your queries on the company website.

    Can I apply for a Sundaram Car Loan online?

    The Sundaram website does not have the option of applying online for a car loan yet. You could visit a Sundaram branch, or submit your queries or request a call from them on the Sundaram website, or apply on our website!

    How long does it take for a loan to be sanctioned?

    After the submission of all required documents, the approval is normally given within one working day.

    Can the contract be altered?

    Yes, you can request for the contract to be altered in terms of amount of finance and tenure. A supplemental agreement will have to be executed.

    Are there any service charges?

    No, but there are stamp fees depending on the place of execution of the contract.

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  • Sundaram Car Finance Reviews

    • Sundaram Finance Car Loan
      "Prompt service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest is very normal from Sundaram Finance Limited. I availed car loan from them. Documentation part is very simple with Sundaram Finance. They collected only ID and address proofs. They never asked my ITR file. Though I do not have any default in making the payments and all my payments are very genuine, hence I am getting very good response and proper service from almost all the banks and the financial institutions. Sundaram delivered good service for my car loan process.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I was in a need of car loan for 4.5 lakhs hence I approached Sundaram Finance for the same. But they quoted less loan amount hence I did not take the loan from them. But on my loan application, they contacted me and provided the required details to avail the loan.
      Was this review helpful? 0
      , madurai
      Reviewed on Jun 22, 2017
    • Sundaram Finance Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I am not at all satisfied with Sundaram finance on my car loan application Only one person have called me then there was no response They never contacted me nor provided the proper information about my loan application. Even, they had not considered my application properly and I thought of applying 15lakhs loan.
      Was this review helpful? 0
      , jalna
      Reviewed on Jun 20, 2017
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Sundaram Finance is really good when it comes to customer services, they were able to provide an answer for all my queries I had on the car loan The response and the customer service was very good. I got immediate call back from Sundaram finance. I didn't proceed with the loan because I have postponed later
      Was this review helpful? 0
      , jodhpur
      Reviewed on Jun 20, 2017
    • Sundaram Finance Car Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I am not at all satisfied with Sundaram finance on my car loan application. They never contacted me nor provide the information about my loan application. Even, they had not considered my application. So I had canceled my plan in getting loan with them and I had got it from another bank
      Was this review helpful? 0
      , junagadh
      Reviewed on Jun 19, 2017
    • Sundaram Finance Car Loan
      "Responce Was Not Good"
      0.5 2.0/5 "Expected more"
      I had applied for a car loan with Sundaram finance. I had received a call from them initially. After which I did not get any calls from them they said at that time one of the executive of sundaram will come and collect the documents but no one has turned so I have opted the car loan from other resources.
      Was this review helpful? 0
      , akola
      Reviewed on Jun 19, 2017
    • Sundaram Finance Car Loan
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I had applied for a car loan with Sundaram Finance and I am not happy with the services I received. No one from Sundaram Finance responded for my car loan application. Due to no response I switched over to other bank and I got the loan as well. I did not receive any mail or any calls from them. They are not so supportive to the customers. It would be fine if they provide good response to the customers.
      Was this review helpful? 0
      , surat
      Reviewed on Jun 19, 2017
    • Sundaram Finance Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead for the car loan with Sundaram Finance because the were not willing to wait. My vehicle was on a waiting period. It was a average experience. The rate of interest and processing charges was also high when I compared the rates to other banks.
      Was this review helpful? 0
      , salem
      Reviewed on Jun 12, 2017
    • Sundaram Finance Car Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      Since I postponed my plans to buy a vehicle. I did not go ahead for the car loan with Sundaram Finance. The services was good as they contacted me on time and inquired about my requirement. I did not go ahead to that level to talk about the interest rate and charges.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 12, 2017
    • Sundaram Finance Car Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Sundaram Finance is really good when it comes to customer services, they were able to provide an answer for all my queries I had on the car loan. So I had no issues with the response provided by them. Since I changed my mind in buying the vehicle. I had cancelled my application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 10, 2017
    • Sundaram Finance Car Loan
      "Its Good"
      0.5 1.0/5 "Really Bad"
      Initially when I logged online channel, I found Tata Capital was offering the best rate of interest rate for the car loan, then some body contacted me, They didn't mention the time to collect the documents, if I ask the executive to the collect the paper around 3 pm he called me around 6 pm or 7pm, its possible me to submit my documents at the time. Hence my car loan application got closed.
      Was this review helpful? 0
      , siliguri
      Reviewed on Jun 08, 2017
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for car loan with Sundaram finance with the help of some financial channel. The response and the customer service was very good. I got immediate call back from Sundaram finance. I didn't proceed with the loan because I had taken the car loan from some other bank.
      Was this review helpful? 0
      , krishnagiri
      Reviewed on Jun 08, 2017
    • Sundaram Finance Car Loan
      "Fantastic service"
      0.5 5.0/5 "Blown Away!"
      I had spoken to Sundaram finance executive and told I have postponed my plan of getting the car loan. I will be getting the car loan from Sundaram finance. The customer service and response was good with Sundaram finance . The rate of interest is nominal with Sundaram finance. I would say the Sundaram finance gave a good service.
      Was this review helpful? 0
      , alwar
      Reviewed on Jun 08, 2017
    • Sundaram Finance Car Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I postponed my plans in buying a vehicle for now. So I cancelled my car loan application with Sundaram Finance. The services was good from them and there was no delay in the response. I was also comfortable with the interest rate and processing charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 08, 2017
    • Sundaram Finance Car Loan
      "Dissatisfied service"
      0.5 1.0/5 "Really Bad"
      Sundaram Finance service is not good, Only one person have called me then there was no response. Then I reached my dealer for the car loan he helped me to contact me with the TVS Finance. Sundaram Finance executive should be aware of the product knowledge and should give regular follow up.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 08, 2017
    • Sundaram Finance Car Loan
      "High on ROI and charges"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with the car loan application with Sundaram finance as they were very high on the rate of interest. The processing charges was high as well. The services was good and the response was on time as well. But I would not want to recommend them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2017
    • Sundaram Finance Car Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      Sundaram finance did not provide the car loan as per my requirement. Actually my requirement is for five lakhs. The loan has been approved with Sundaram already online for 4.3 lakhs. The staff from sundaram asked me to resubmit the application post which they provided the loan for 3.5lakhs. Hence I am not interested to take the loan. Got good response from them but they did not fulfill my requirement. So I closed the loan application.
      Was this review helpful? 0
      , jamnagar
      Reviewed on Jun 07, 2017
    • Sundaram Finance Car Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I preferred Sundaram Finance for the car loan hence I applied for the loan with them. But due to the salary constrains I could not continue the loan process. Actually my salary is been distributed to two accounts, one is mine and another one is my wife's account. Hence the amount which is credited to my account is not sufficient to get the loan. This month it has been fixed so I am planning for the loan again.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 07, 2017
    • Sundaram Finance Car Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      I did not take the car loan from Sundaram finance as I was wanting to go ahead for a personal loan with another bank. The services was good as they continuously contacted me and checked about my requirement. The deal on the interest rate and charges was reasonable.
      Was this review helpful? 0
      , karaikudi
      Reviewed on Jun 07, 2017
    • Sundaram Finance Car Loan
      "Better Response"
      0.5 4.0/5 "Great!"
      Actually I thought to take the car loan from Sundaram Finance hence I applied with them through online source but then I did not avail the loan from them due to some reasons. But the responses and customer services are good from Sundaram Finance.
      Was this review helpful? 0
      , vapi
      Reviewed on Jun 07, 2017
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