Used/New Cars Mumbai India, Buy/Sell Cars Online, Price of New/Old/Used Cars in India Maharashtra Mumbai

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 26465900/01/02here

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.

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.

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.

JMD Car Loans are available for almost all passenger cars - new as well as used.

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.

We offer loans in a variety of tenures ranging from 1-7 years on new cars and 1-5 years on used cars.

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.

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.

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.

Yes, you can pre-pay your loan by paying a nominal 4% pre-payment charge on the outstanding loan amount.

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.

The twenty first century is the era of insta buys. Research indicates that 60% of the cars bought in the last decade were through finance. The consumer is besieged with so many offers that it becomes well nigh impossible for him to decide which is the best.

Financial jargons like EMI, Hire Purchase and Lease further compound the problem. We help you look into the pros and cons of takinga loan.

Firstly, you need to place yourself in trusted hands. All formalities from stage 1 - purchase stage to delivery stage are handled by JMD at no extra cost.

Take a car loan from JMD, and save yourself from the hassles of car purchase formalities.

All your paperwork is handled by our professional team of customer care executives and post delivery documents are received by you on time.

So, if you are looking out for a reliable car finance dealer you can bank on us. There is more to a car purchase than what you apprehend.

JMD does it all for you from helping you choose a car of your choice, to completing the car finance formalities to ensure that your car is delivered to you in time, either at your doorstep or if you wish you could pick it up from the showroom of your choice.

The same holds true for used car purchases. You could select from our extensive range of quality used cars or we could even finance a used car of your choice purchased from elsewhere or we could even finance your already existing own car if it is not already financed and not more than 6 years old.

Services like transfer of vehicle to your name in the R.C. book and transfer of insurance policy/renewal can also be done at no extra cost [ only actuals ].

Moreover, finance schemes attract an extra discount package, which is not available if you go out for an outright car purchase. You also pay in easy installments and are charged interest rate in reducing balance.

Before applying for an auto loan save yourself time to make sure you have read the minimum requirements carefully.