Toyota Financial Services Corporation (TFS) is a wholly owned subsidiary of Toyota Motor Corporation (TMC) which manages financial services subsidiaries primarily in Japan & overseas and enables vehicle purchasing through auto loans and leases. It was established in 1982 in Australia and currently having its headquarters in Nagoya, Japan and has its reach in around 34 countries worldwide.
TFS has constructed a global network that covers approximately 90% of the markets in the USA, Canada, Europe, Asia and Oceania. Toyota group has recognized the market potential of the Indian automobile sector, and thus developed Toyota Financial Services in India (TFSIN) which is the Indian subsidiary of Toyota Financial Services Corporation.
Salaried individuals should be at least 21 years old at the time of application and not more than 60 years old at the end of the loan tenure.
Self-employed individuals should be at least 21 years old at the time of application and not more than 65 years at the end of the loan tenure.
Partnership Firms can apply.
Public & Private Ltd. companies can apply.
HUFs, Trusts and Societies can apply.
NRI citizens are eligible to apply for this loan.
Any of the following documents has to be provided as identity proof - Passport copy, PAN Card, Voters Id card, Driving license.
Proof of Income: Latest salary slip with Form 16.
Proof of Residence: Any of the following - Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy / PAN Card
3 months’ salary statement and bank statement
Any of the following documents have to be provided as identity proof - Passport copy, PAN Card, Voters Id card, Driving license.
Proof of Income: Computation of Income with the latest ITR
Proof of Residence: Any of the following - Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy/PAN Card
Business Bank Statement
Customers have the flexibility to choose their deposit amount and can enjoy the security of a fixed rate of interest for a term of your choice ( 1-7 years). The company also offers the facility to make additional repayments, thus reducing total interest payable. Interest is calculated based on a monthly reducing balance using 30/360 method.
The assurance of easy monthly payments
Complete funding for purchase
On road funding
Loyalty Benefits that can be redeemed in your next purchase.
Extended repayment tenure
Low Margin Money
Land Cruiser Prado
Land Cruiser 200
How can I find out my Toyota Finance Car Loan Loan Status?
You can call the toll free customer support number and get an update on your car loan status.
Can I download the Toyota Finance Car Loan Application Form online?
Yes. The car loan application is available on the Toyota Finance India website.
Can I get my Toyota Finance Car Loan Statement Online?
No, but you can get it from an authorized dealer by providing the required information.
Are Prepayment Charges (Pre-closure Charges) applicable for Toyota Finance Car Loan?
Yes. Prepayment of the loan is possible any time after availing the loan. However, a prepayment penalty is charged on the outstanding loan amount.
How can I contact Toyota Finance Customer Care?
You can contact Toyota Finance Customer Care by e-mail, through the company’s toll free number or through SMS. For more details, kindly visit the website or an authorized Toyota dealer.
Who can I make a co-applicant for this auto loan from Toyota Finance?
The customers’ father, mother, brother, sister, spouse, children, in-laws, etc. can be a co-applicant for the Toyota Finance auto loan.
When will the loan be processed?
The application will be processed in 8 hours from submission of the Loan application form.
What are the additional charges?
The normal charges include fees for processing, documentation and stamp duty charges and other additional charges are applicable in case of cheque return, delayed payment, prepayment, loan cancellation, etc.