Sundaram Finance Group is one of the leading players
in the field of car finance in India. The company provides loan for all
types of cars through a vast network of 150 branches spread all over the
country. Sundaram Finance offers transparent and hassle free loans with
minimal documentation.
Loan Schemes Offered by Sundaram Finance
1. Margin Money Scheme: It is a regular scheme in which you have
to pay a minimum of 25% of the cost of the car in advance. The balance
amount is financed and you have to repay the principle amount along with
interest charges in equated monthly installments (EMI).
2. Advance EMI Scheme: In addition to margin money, based on
your cash flow, you can pay 2-3 installments in advance. The interest
charges in this scheme are less than the margin money scheme.
3. Security Deposit Scheme: In this scheme you have to place a
refundable security deposit (of about 10% to 25% of the cost of the
car), which carries an interest at an agreed rate. The finance charge is
payable on the total cost of the car.
4. 100% Finance Scheme: In this scheme 100% finance is provided
on the cost of the car for varying tenures. This facility is provided
under the lease option for medium and large corporates.
