If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Car Loan BYTES FROM OUR KITCHEN

    Toyota Finance

    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.

    Toyota Finance Car Loan Eligibility

    • 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.

    Documentation required for Toyota Finance Car Loan

    Salaried

    • 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

    Self -Employed

    • 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

    Toyota Finance Car Loan Interest Rates

    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.

    Features and Benefits of Toyota Finance Car Loan

    • The assurance of easy monthly payments

    • Affordable EMIs

    • Fast approval

    • Quick documentation

    • Complete funding for purchase

    • On road funding

    • Customised products

    • Insurance funding

    • Loyalty Benefits that can be redeemed in your next purchase.

    • Extended repayment tenure

    • Low Margin Money

    • NRI Funding

    Cars Manufactured by Toyota that are financed By Toyota Finance

    • Etios Liva

    • Etios

    • Etios Cross

    • Innova

    • Corolla Altis

    • Fortuner

    • Camry

    • Prius

    • Land Cruiser Prado

    • Land Cruiser 200

    Toyota Finance FAQ

    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.

    Toyota Car Finance Reviews

    • Toyota Finance Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan in the month of January, were both of my car has been purchased through the same institution. The price which they offered, the rate of interest and the fees and charges was also good. It was easy in the process and was quick with the services which they were providing.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2018
    • Toyota Finance Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken this almost two years back, were both of my car has been purchased through the same institution. The price which they offered, the rate of interest and the fees and charges was also good. It was easy in the process and was quick with the services which they were providing.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2018
    • Toyota Finance Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from Toyota Finance and my loan experience was good. The loan amount was for Rs 5 lakhs with nominal interest rate when compared to other sources. My loan was approved based on the on-road price. Customer service was good and the tenure period of this loan is 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 17, 2018
    • Toyota Finance Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Car loan with Toyota Finance and my loan experience was very good. The loan amount was for Rs 12 lakhs with nominal rate of interest when compared to other sources. Customer service was good and they followed up on time. My loan amount was based on the on-road price. The tenure of this loan is 4 years for this loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 16, 2018
    • Toyota Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan from TOYOTA FINANCIAL SERVICES. The approved loan amount was 6.20 lakhs and the rate of interest was 12.75% with a monthly EMI of 16840. The total tenure was for 4 years. It was a fast approval. The customer service and response with the finance institute was fine.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 28, 2018
    • Toyota Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been banking with Toyota finance services for last few years.The loan amount is 4.70 lakhs.The rate of interest is 10.5% nominal as compared to other banks.I have closed the EMI last one years.I paid my EMI amount through an ECS of 13850.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 19, 2017
    • Toyota Finance Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      After closing my car loan application with HDFC Bank I applied for car loan with TOYOTA FINANCIAL SERVICES. They accepted my car loan application immediately and approved my car loan with lesser rate of interest which is 8.25% and the processing fees is also Rs. 2500 which is lesser.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 14, 2017
    • Toyota Finance Car Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      The TOYOTA FINANCIAL SERVICES has provided me a commercial loan . They have disbursed my loan amount within a week time/. The customer service was prompt from TOYOTA FINANCIAL SERVICES . The rate of interest is nominal with average with TOYOTA FINANCIAL SERVICES,
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 11, 2017
    • Toyota Finance Car Loan
      "Excellent Offer"
      0.5 5.0/5 "Blown Away!"
      The whole credit goes to Toyota Financial services as, I have taken my car loan from them. The service is very good. It was a very easy process and a good offer as well. The rate of interest was of 13.5%. The processing charges were waived off. Overall a good experience and very satisfactory too.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 18, 2016
    • Toyota Finance Car Loan
      "Easy under one roof!"
      0.5 5.0/5 "Blown Away!"
      As I bought a Toyota car, we got a chance to see the Toyota executive on reaching the showroom. When I had a check with the executive, he promised for the car delivery on the next day. Though it was easy for me to get the car and the car loan under one roof with Toyota Financial services.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 23, 2016
    • Toyota Finance Car Loan
      "Really good..."
      0.5 4.5/5 "Excellent!"
      My car loan was taken from Toyota financial services. They are really good in service. Down payment an all I am okay with them. Interest rate was higher side but I have taken this for a commercial purpose so, I am okay with them. Processing charges was good.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 12, 2016
    • Toyota Finance Car Loan
      "Easy processing!"
      0.5 4.0/5 "Great!"
      Toyota Finance provided me loan for car loan. They processed the loan application with zero processing fees. Interest rate was pretty low when compared to other banks. Car loan was disbursed within a weekâ??s time by them and I am happy with their services.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 08, 2016
    • Toyota Finance Car Loan
      "They are the best.."
      0.5 5.0/5 "Blown Away!"
      They are providing better services. Time saving process totally. They way of attending customers is very good. I directly have taken the car loan so the rate is 8.08% on monthly reducing balance basis. I found everything best with Toyota Financial Services. They are excellent in serving their client.
      Was this review helpful? 0
      , agra
      Reviewed on Feb 01, 2016
    • Toyota Finance Car Loan
      "Nice response "
      0.5 5.0/5 "Blown Away!"
      Being a employee of Toyota it was easy for me to get a car loan with Toyota finance. The interest rate applied was around 10% for the loan.They have processed the application within 4-5workfing days.The charges deducted for the loan was quite minimal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 29, 2015
    • Toyota Finance Car Loan
      "Nominal rate but charge is high.."
      0.5 5.0/5 "Blown Away!"
      Affordable rate of interest where the percentage is 8.6% and I think other banks are not charing for processing the car loan but Toyota Financial Services has collected 3500. I made a quotation of 5lakhs and they approved the same. On the whole I am happy with the services.
      Was this review helpful? 0
      , kottayam
      Reviewed on Sep 18, 2015
    • Toyota Finance Car Loan
      "Very Good!!!"
      0.5 5.0/5 "Blown Away!"
      From TOYOTA FINANCIAL SERVICES I availed my car loan. It is very much good with them while processing my car loan with them. It was a simple documentation. monthly emi was very less and charges was reasonable one. The process was very quick and fast the process was done on time. It was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 16, 2015
    • Toyota Finance Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken the car loan with the Toyota Financial Services. The rate of interest is around 14% and 2500 Rupees is the processing charges. The loan got approved within 2 days of time. They are not flexible to the customers like they are strict about the payments.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 10, 2015
    • Toyota Finance Car Loan
      "Be fast "
      0.5 3.5/5 "Pretty good"
      Toyota finance have taken around 15days to process the car loan application which can be completed within 2-3days with other banks.The interest rate applied was really high which was around 16% and the charges applied was also quite high for a car loan.I would suggest it will be good if they provide fast service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 05, 2015
    • Toyota Finance Car Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan through Toyota financial service and the sales person coordinated well through the loan process.The interest rate applied for this loan was satisfactory rate and they have taken around 2weeks time to process the loan application.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 26, 2015
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