|
Best Guide to Car Segments and Funding
|
Segment |
Ex. Showroom Value (In Lac) |
Funding % |
Examples |
|
A:Mini |
<=2.15 |
80-100 |
Maruti 800 |
|
B:Compact |
2.2-4.5 |
90-100 |
Alto, Swift, Indica, Santro, Getz,
Estillo, A-Star, Palio, i10 |
|
C:Mid-Size |
4.5-10.0 |
75-100 |
i20, Accent, Swift ,Dzire, Honda
City, Honda Jazz, Verna, SX4, Linea,
Ikon, Fusion, Optra, Fabia, Indigo |
|
D:Executive |
9.5-16.0 |
75-95 |
Toyota Corolla, Civic, Skoda Ocatvia,
Hyundai Elantra, Optra Magnum |
|
D+:Premium |
16.0-25.0 |
75-90 |
Honda Accord, Camry, Hyundai Sonata,
Skoda Laura, Superb, Passat, Jetta,
Teana, Fiat 500 |
|
D+: Luxury |
25.0+ |
75-85 |
Mercedes, BMW, Audi, Porche and all
other imported |
|
MUV |
2.20+ |
75-90 |
Omni, Innova, Xylo, Scorpio, Tavera,
Bolero, Victa, Safari |
|
SUV |
14.0+ |
75-85 |
CR-V, Endeavour, Pajero, Montero,
X-Trail, Prado, Tucson, Captiva,
Grand Vitara, Mitsubishi Outlander |
|
Funding range is indicative.
Pre-approved customers could get up
to 100% ex-showroom funding in
segments A-D. |
Salaried Individuals
Eligibility Criteria :
|
● |
Minimum age of Applicant: 21 years |
|
● |
Maximum age of Applicant at loan
maturity: 58 years |
|
● |
Minimum employment: 1 year in
current employment and minimum 2
years of employment |
|
● |
Minimum Annual Income: Rs 100000 net
annual income |
|
● |
Telephone: Must at residence |
Documents required
:
|
● |
Proof of Identity:- Passport copy,
PAN Card, Voters Id car, driving
licence( Laminated, Recent, Legible) |
|
● |
Income Proof:- Latest salary slip
with form 16. |
|
● |
Address Proof:- Ration card/Driving
licence/Voters card/passport
copy/telephone bill/ electricity
bill/Life insurance policy PAN Card. |
|
● |
Bank Statement:- Not mandatory |
TOP
Self Employed
Eligibility Criteria
|
● |
Minimum age of Applicant: 21 years |
|
● |
Maximum age of Applicant at loan
maturity: 65 years |
|
● |
Minimum employment: Atleast 3 years
in business |
|
● |
Minimum Annual Income: Net profit Rs.
60000 p.a for standard cars and
Rs.100000 p.a. for mid-sized and
premium cars |
|
● |
Telephone: Must at residence |
Documents required
:
|
● |
Proof of Identity:- Passport copy,
PAN Card, Voters Id car, driving
| |
