A personal car has become one of the most important physical asset, every man wants to own these days. With so many financing options popping up, people are able to buy any kind of model that they desire to have. Be it hatchbacks, sedans, utility vehicles, or sports cars; you have all the options opened up for you, provided you the about the right financing options that are suitable to your wallet.
When it comes to car buying, people usually settle for the car loan. Getting a car loan sanctioned, puts you in a position to buy any of your desired car model in no time. A car loan comes with the advantage of not paying the entire amount at one go by the car buyer. With a car loan you can buy any car, even if it’s a highly expensive luxury car, by just paying a small amount as the down payment and following up with the official formalities related to the loan documentation. From there onwards, rest of the formalities are taken care by the financer. There are many sources from which you can get your car loan sanctioned like car manufacturing companies, independent lenders, local banks and credit unions, car dealerships, etc.
The banks or credit unions, on any day have better deals to offer you in comparison to the dealerships; as it is they’ll always seek for an extra commission fee. Not going through the options like the Maruti finance and such other finances, may make you pay some hidden fees, and fluctuating interest rates. With Maruti finance you get full freedom to get the car payment sorted through small amounts as Equity Monthly Installments (EMI).
Get your approximate EMI calculations done as per your model segment as mentioned below:
Model Segment – Time Period
* Segment (A)- Around Rs. 3346 per Lakhs for three years and Rs. 2250 per Lakh for five years.
* Segment (B)- Around Rs. 3286 per Lakh for three years and Rs. 2187 per Lakh for five years.
* Segment (C)- Around Rs. 3263 per Lakh for three years and Rs. 2162 per Lakh for five years.
The rate of interest and EMI might differ from bank to bank. Such a finance remains at sole discretion of the concerned bank or financial company or the individual financier.
Pre-requisite documents against Maruti Suzuki finance:
Salaried/ Self Employed/Private & Public Ltd. Companies/ Proprietorship / Partnership
* Salary Slip – Latest 2 Months
* Form 16 – Last 2 Financial Years
* Last 3 years IT Return
* Signature Verification
* Address Proof
* Pan No./ Form 60
* Photograph
* Post Dated Cheque
* 6 Months Bank Statement
* Last 2 years audited balance sheet & P & L
* Board Resolution / Partnership authority Letter
* Signature Verification of Directors/ Proprietor
* Partnership Deed
