 |
| WHAT MAKES OUR CAR LOANS SO SPECIAL? |
| We offer |
| Attractive interest rates. |
| Simple and clear procedures. |
| A variety of repayment schemes. |
| A transparent clean deal with no hidden costs. |
| DOCUMENTATION MADE EASY |
| We offer doorstep service for collection of your documents. The documentation is very simple and all you need to do is pick up the phone and call us on or fill in our loan application form
here |
| SAVE ON INTEREST |
| With our car loans, you are assured of the best deal on your car loan. Competitive interest rates, coupled with manufacturer and dealer tie-ups ensure that you get the best deals possible. |
| EXTRA BENEFITS |
| We offer discounts on interest rates if you have a clean previous repayment record on a car loan from leading finance companies/banks. |
| In addition, relationship customers and customers with healthy income are considered for additional discounts on the interest rates. |
| AM I ELIGIBLE FOR A CAR LOAN? |
| Either an individual or a company can avail of a car loan. |
| More specifically - |
| Salaried individuals: between 21-58 years (at the end of the loan tenure) with a minimum salary of Rs. 1 lac p.a. |
| Self employed persons: between 21-65 years at the end of the tenure with a minimum income of Rs. 60,000/- p.a. |
| DOES JMD HAVE A LOAN FOR THE CAR I WANT ? |
| JMD Car Loans are available for almost all passenger cars - new as well as used. |
| HOW MUCH FINANCE CAN I AVAIL? |
| The loan amount depends upon the car make and model. You can borrow upto 90% of the invoice value in case of a new car and 80% of the valuation amount in case of a used car. |
| WHAT CAN BE THE DURATION OF MY LOAN? |
| We offer loans in a variety of tenures ranging from 1-7 years on new cars and 1-5 years on used cars. |
| HOW DO I REPAY MY LOAN? |
| Normally, repayment is in the form of equated monthly installments for which you will need to submit Post Dated Cheques. The interest rate charged is on a monthly reducing balance. |
| IF I DID NOT MEET THE CRITERIA FOR THE LOAN, CAN I STILL AVAIL OF A LOAN? |
| Yes, you can still avail of a loan by providing a co-applicant who can be your spouse or blood relative residing with you. |
| IF IAM NOT ABLE TO FURNISH MY INCOME DOCUMENTS IS THERE A SPECIAL SCHEME FOR PERSONS LIKE ME? |
| YES, JMD has tailor made schemes for persons like you. |
| We offer: |
| Credit Card Scheme: You can submit the last 4 billing statements of a premium credit card that you hold and you can be free of income documentation. |
| Repayment Scheme: If you have availed of a car loan/home loan from a leading financier/bank/finance company, all you need to do is provide us the repayment record. |
| No Income Proof Scheme: If you are a self employed individual who has been in business for
at least 3 years and owns a house or office, this special scheme is designed for you. No need to |
| provide your income details under this scheme. |
| CAN I PRE-PAY MY LOAN? |
| Yes, you can pre-pay your loan by paying a nominal
4% pre-payment charge on the outstanding loan amount. |
| CAN I AVAIL OF A LOAN ON MY EXISTING CAR? |
| Yes, we do offer loans on existing cars, provided the cars are not hypothecated to any financier. |
| QUICK PROCESSING - JMD OFFERS THE BEST DEAL FOR YOUR CAR LOAN WITH FAST PROCESSING AND EASY DOCUMENTATION. |
