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Audi Finance for cars
An Audi is not just a luxury car brand but an ultimate sign of prestige and elegance. The German automobile manufacturer has carved a niche for itself in manufacturing cars that are exclusive and extravagant. It has a vehicle of every kind, be it sports, luxury or compact executive cars.
In India, Audi offers a range of automobiles which includes Sedan, Coupe, SUV, Cabriolet, Sportsback, Sport and Avant. Across the globe, Audi is also synonymous with affordable luxury. The automobile behemoth has a captive financing arm which makes it possible for buyers to purchase their dream car in India. The Audi Car Finance arm offers loan options for every Audi car sold in India. Now buyers can avail Audi car finance in the most reasonable ways in India.
Features and Benefits of Audi Finance Car Loan
Maximum cost of car can be financed
Audi finance offers up to 90% financing of the on-road price of the car in India. This means you will have to bear a smaller burden of down payment and rest of the loan amount can be repaid in easy EMIs.
Long Tenure of Funding
The tenure of an Audi finance spans from 12 months to 84 months. This gives you the flexibility to choose a tenure which is easy on your monthly budget as well.
Faster documentation and processing
The documentation of Audi Finance is really simple, and the representative in the dealer’s office will help you get the documentation right.
Customized products
Audi Finance understands that every buyer has different needs, hence it offers loan products that are customized for each buyer.
Audi Finance Car Loan Eligibility
The eligibility criteria for Audi finance for cars is not very stringent. It is based on the value of the car purchased and your occupational identity.
Documentation required for Audi Finance Car Loans
Identity Proof
Salaried: Identity Proof such as PAN, Passport, Aadhar,Card, Voter Id and an Employee Id issued by the Government of India.
Self-employed: Passport, PAN Card, Driving License, Sales Tax registration Certificate
Address Proof
Passport, Lease Agreement, Telephone bill, Utility Bill, Bank Statement. Address Proof requirement for salaried and self-employed buyers are same.
Income Proof
Salaried Class: Latest 3 month Salary Slip. Form 16 / IT return
For self employed: Income Tax returns for last 2 yrs – along with Balance sheet and P & L A/C, computation of income. If the ITR is audited than audited report along with the annexures are required
The document list provided above is indicative and the sales representative will provide further details upon meeting. It is to be noted that all the copies of documents must be self-attested.
Audi Finance Car Loan Interest Rates
Audi finances all its cars available in the Indian markets at reasonable interest rates. The rate of interest varies and is usually decided during the application processing phase. The representative will provide you with the rate card upon your visit to the showroom. There are many factors which influence the rate of interest such as your loan eligibility, model of car, ongoing offers etc.
All you need to do is visit your nearest showroom and inquire about the details on interest rates.
Audi Finance Car Loan Eligibility
Simplicity and transparency in the eligibility criteria for Audi Finance of cars is its biggest advantage. The details of the eligibility criteria is based on the value of the car and occupational identity.
| Car Value | Criteria | Salaried | Self-employed |
|---|---|---|---|
| Car Value upto Rs 10 lacs | Age | Minimum age 21 years old | Minimum age 21 years old |
| Income | Gross annual income of at least Rs. 2.00 lacs | Annual Income of at least Rs 1.00 lacs | |
| Job Stability | Minimum 3 years | Minimum 2 years | |
| Loan to Value | Upto 90% | Upto 85% | |
| Car Value Rs 10 lacs to Rs 20 lacs | Age | Minimum age 21 years old | Minimum age 21 years old |
| Income | Gross annual income of at least Rs. 5.00 lacs | Annual Income of at least Rs 3.50 lacs | |
| Job Stability | Minimum 3 years | Minimum 5 years | |
| Loan to Value | Upto 90% | Upto 85% | |
| Car Value more than Rs 20 lacs | Age | Minimum age 21 years old | Minimum age 21 years old |
| Income | Gross annual income of at least Rs. 10.00 lacs | Annual Income of at least Rs 5.00 lacs | |
| Job Stability | Minimum 5 years | Minimum 7 years | |
| Loan to Value | Upto 90% | Upto 85% |
What are the advantages of having Audi Finance in India?
The German luxury car brand, Audi, is a dream car for many. To make this dream turn into reality, Audi offers auto financing at reasonable terms and conditions. Audi Finance offers hassle-free car financing to patrons who are truly passionate about Audi cars and long to own one for themselves. Audi Finance has set a new benchmark in auto financing by offering schemes that are most suitable to their customers. Audi is going every length to reach its buyers and deliver superlative driving experience in India. To achieve this, Audi Finance is providing car finance to all the eligible applicants on very convenient terms. It has emerged as a key player in the world of auto-financing. Once, a buyer chooses to finance his auto purchase via Audi, he gets an opportunity to experience world-class customer service from a dedicated team.
What attractive features and benefits does Audi Finance offer its customers?
Audi Finance has some remarkable features and benefits. This is why it is one of the most sought after lenders in the country today:
Loan approval: Quick loan approval is one of the key features of Audi Finance. The lender makes is possible for buyers to own their dream car in the shortest possible time.
Loan amount: Borrowers can avail auto financing of up to 90% of the on-road price of the chosen Audi model.
Repayment: The finance repayment terms of Audi Finance is quite flexible. Buyers can pay back the loan on terms most suitable for them.
Rate of Interest: Buyers can avail auto financing at attractive rate of interest from Audi Finance.
Loan tenure: The loan tenure ranges from 1 year to 5 years, which makes it possible for the buyers to choose a time period as per their repayment capacity.
Loan schemes: Different buyers have different credit profile and needs. To address this, Audi Finance offers customised loan products for maximum convenience.
Customer service: The representatives of the Audi Finance team are dedicated and extremely professional in approach. Once, you have approached Audi, you can be assured of world-class service.
How to Calculate EMI for Audi Finance Car Loan
Calculation of EMI for Audi Finance car loan is simple. The is a car loan EMI Calculator wherein you just have to input details such as Principal amount, Rate of Interest, Tenure and the automated calculator just shows you the exact EMI in just a click. Along with this, you can also view the amortization table and additional loan-related expenses such as Processing fee, etc.
Cars Sold by Audi in India
| Sedan | A3, A4, A6 |
| Cabriolet | A3 Cabriolet, A5 Cabriolet |
| Sportback | A5 Sportback, S5 Sportback, RS7 Sportback, RS7 Sportback Performance |
| Sport | S5 Sportback, RS 5 Coupe, RS 6 Avant, R8 Coupe V10, RS7 Sportback, RS7 Sportback Performance |
| Coupe | RS 5 Coupe, R8 Coupé V10 |
| Avant | RS 6 Avant, RS 6 Avant performance |
| SUV | Q3, Audi Q5, Q7 |
Audi Finance Car Loan Application Process
Audi Finance offers car financing which is fast, convenient, flexible and transparent. The process for obtaining loan is extremely simple and involves minimal documentation. An Audi Finance representative meets you when you visit an Audi dealer and understands your requirement. He/she then explains the kinds of financing options and briefs you about the terms and conditions. The representative also assists you with the documentation. After receipt of sanction for loan disbursal at the Central Office, Audi Finance processes the auto loan. You can now pick up your desired vehicle from the dealership post loan disbursal. It is to be noted that a copy of Car Registration certificate, invoice and Insurance policy must also be furnished to Audi Finance. There can be unforeseen situations because of which you may have to cancel the loan. In this case, you need to inform the Audi representative prior to Loan disbursal through a written request. There are charges for loan cancellation.
Audi Finance Repayment Options
Audi Finance offers you loan on convenient terms, flexible schemes and attractive interest rates. Similarly, the repayment terms are also equally convenient. The ease in repayment is ensured by:
- Repayment tenure spans from 1 to 5 years
- Payments can be made through post-dated cheques
- You can pay the overdue amount through Paytm
- In case you wish to alter your repayment mode, you need to pay a nominal swap fee of Rs 500.
Audi Drive Assure Insurance plan
Audi Finance offers an insurance plan for cars which covers damages caused to the vehicle, the owner as well as the third parties. There are two types of Insurance plans that you can choose from: Audi Drive Assurance Elite Plus and Silver Plus. While coverage for Silver Plus includes depreciation, engine protection, as well as tyre and rim, the Elite Plan comes with an additional feature of Vehicle Replacement. This feature entails that if the insurance company declares “Total Loss”, the Audi India will bear the cost of a new vehicle.
Audi Finance FAQs
1. Can Audi Finance for car be used for purchasing vehicles of other brands?
The loan from Audi Finance can be availed for Audi cars only.
2. How long does it take for the loan to be approved?
The loan will be approved as soon as the post-sanction document is received at the Central Office.
3. Do I need to provide security for the loan?
No, there is no need to provide additional security or guarantor. The loan will be provided against hypothecation of the car.
4. Can the loan be foreclosed?
Yes it can be foreclosed on the payment of foreclosure fee of 3% on the outstanding principal amount along with Service Tax. This is applicable if the closure happens within 24 months of the loan availed.
5. Where can I avail Audi Finance?
You can avail Audi finance by visiting any authorised Audi dealer showroom.