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Ford Car Finance

Ford finance was established as Ford Motor credit company which intended to extend credit to vehicle purchasers. It was incorporated by Henry Ford with its headquarters at Michigan. The company was intended to provide aid to the parent establishment. The firm has been providing easy credit in the form of lease or loan to potential buyers of cars, it is also involved in providing financial assistance to dealers of Ford products.

Key features of Ford finance car loan

Ford finance has features similar to that of any other sedan / high-end car finance, the potential buyer can choose the car of his preference and check for eligibility for availing credit facility on the preferred car. The potential buyer has to then undertake required documentation. This article will deep dive into these aspects subsequently to get a fair understanding of the eligibility criteria and documentation.

  • Ford finance is extended to various cars manufactured by Ford which fall into different categories
  • Like all other car loans, there is no requirement for additional mortgage
  • Ford credit can be availed by salaried, self- employed (proprietor, partners, companies) based on their eligibility criteria
  • Details regarding Ford finance details are available online or at the nearest Ford dealer

Ford cars marketed and distributed in India

Ford finance is available for all the cars manufactured by Ford. Ford has been able to capture the four -wheeler market in India, it has managed a consistent and exponential growth rate since inception. This itself is a great achievement especially in a highly competitive market. It currently ranks among top 3 motorized majors in terms of deal value / volume. The cars that are marketed in India include C MAX, Econoline Wagon / Van, Edge, Escape, Expedition, Explorer, F 150 / 350, Fiesta, Flex, Fusion, Mustang, Taurus, Transit (/connect). Ford Finance is extended to all the cars mentioned above. Ford is also looking at expanding its presence in India by setting up a greater number of showrooms and expanding across regions.

Eligibility criteria for Ford finance car loan

The basic criteria for availing ford finance car loan remain consistent with the requirement for any other car loan.

Car value up to Rs. 10 Lakhs

Ford Car finance
Age18 years and above
Employment requirementMinimum 3 years / 2 years
Minimum Salary/ business incomeGross income Rs. 2 Lakh / Rs. 1 Lakh for past 2 years
Loan to valueMaximum 90% car Value

The documentation is a more stringent requirement in the case of Ford car finance. However, it remains similar to the rest of the car finance companies.

Documents required for Ford Car Finance

The documentation of Ford car finance is similar to that of any other high-end car loans offered by various lenders. There is a requirement for address proof, identity proof and income proof. Along with this, the filled-in loan application has to be submitted. The documents along with the loan can be uploaded on the website of the NBFC / Bank or dealership for availing e-approval. This will enable checking eligibility in an instant manner. Below is the list of documents required for availing Ford finance –

Documents requirement for salaried

DocumentsSalaried Individuals
Identity ProofPAN Card, Aadhar, Driving License, Passport, Voter ID Card
Income ProofLatest 3 salary slip with Form 16 / ITR
Address ProofAadhar/Voter ID/ Driving license / Passport copy / Utility Bills - Max 3 months old (Telephone / Electricity /Water /Gas bill) / Ration card / House tax Slip / Registered Rent Agreement

Documents requirement for self-occupied

Identity ProofPAN Card, Aadhar, Driving License, Passport, Voter ID Card
Income ProofLatest 2 ITR with computation of Income
Address ProofAadhar/Voter ID/ Driving license / Passport copy / Utility Bills - Max 3 months old (Telephone / Electricity /Water /Gas bill) / Ration card / House tax Slip / Registered Rent Agreement
Other documentsBusiness Bank Statement (income Credit) for 6 months
Business Proof with Tin/Vat/Service Tax Certificate, for Agriculturist Proof of Land Tax / Pani or RTC

Documents required for corporates

Identity ProofPAN Card of the company
Income ProofLatest 2 years ITR's along with computation of income acknowledged by Income Tax Department, Latest 2 years Audited Financials along with schedule, Annexure, etc.
Address ProofBank Statement / Utility Bills - Max 3 months old (Telephone / Electricity)
Other documentsLatest 6 Months bank statements
Board Resolution / Partners Authorization Letter/ Members Authorization Letter
Service Tax/ Sales Tax/ VAT Certificate/ Certificate of Incorporation
KYC Documents of Proprietor/ Authorized Signatory
Memorandum and Articles of Associations
Partnership Deed / Trust Deed / Society By-Law

8 – Step loan process

Ford car finance has devised 8 – step loan process which is convenient and easy for potential borrowers. The steps are as mentioned below –

  • Approach a Ford dealer
  • Select preferred Ford car
  • Test drive and ensure that it meets your preferences
  • Choose from the product bouquet based on preference of accessories, color, safety requirement etc.,
  • Choose your loan plan
  • Submit loan application and documents
  • Get loan approval based on eligibility
  • Take the Ford car home, provide copy of the vehicle registration certificate, invoice and insurance policy to the financier

Benefits of availing Ford finance

Ford has the legacy of creating programs that benefit the customers the most. Updates regarding benefits / offers related to Ford vehicles will be provided regularly. Special offers and faster credit approvals are extended to ease the application process. Most Ford dealers may introduce plans which can help save on maintenance costs for existing Ford vehicle owner.

There are specific extended service plans which provide the following benefits –

  • Replacement using genuine parts and Certified Ford technicians
  • 100% transferable to other cities and is backed by Ford India
  • Vehicles available on rent / lease
  • 24/7 road side assistance

This provides immense support especially on those occasions where there is sudden breakdown of the Ford vehicle. There are other specific advantages / features associated with Ford finance, the same is as mentioned below –

  • Higher quantum of finance – The maximum credit extended for Ford finance is up to 90% of car value. This is a great feature, considering that the value of the car could be significantly high especially in this luxury segment
  • Accessories coverage – The car accessories and gadgets which are also expensive add significant value in terms of experience and feel-good factor are also covered as part of the credit extension
  • Flexi payment options – The tenure for the car finance can range between 1 year to 5 years depending on the type of car the potential buyer is willing to purchase. This tenure enables the borrower to manage EMIs (Equated monthly installments) conveniently.
  • Convenient 8 – step loan processing – Ford finance has methodically designed its loan processing such that it can be conducted with ease and at the convenience of the potential borrower. It is a time-saving and minimalist approach that offers best experience to the borrower.

Charges and fees applicable on Ford finance

While the charges may differ based on the location, dealer, financier, they fall well within the range mentioned below –

Type of chargeCharges
Part payment chargesNone
Full repayment chargesNone
Documentation chargesRs. 350 - Rs. 500
Agreement changeUp to Rs. 2500
Loan cancellationUp to Rs. 5000

Many of the charges are negotiable, some of them are as specified by the State Government – such as road tax, stamp duty etc., In addition to these there are other charges such as default charges, late payment charges, repayment mode swapping etc.,

Calculation of EMI on Ford finance

The EMI can be calculated online by providing very basic details including personal details, income details and the type of car that one intends to purchase. There are many websites including Ford India which has an inbuilt EMI calculator. One can also use Bank / NBFC website for EMI calculation. Alternatively, an aggregator like Credit Mantri will provide the aggregated view of the various financiers and their offerings, this simplifies the process by enabling the potential borrower to compare the offerings and interest rates.


  • Ford finance is extended on all cars marketed and distributed in India
  • Up to 90% of car value is extended as loan, which includes on-road price, road tax, GST (Goods service tax) etc.,
  • Potential buyers can avail a loan based on eligibility criteria
  • Loan processing is a simple 8 step process which can be conducted at ease and convenience of the potential borrower

A Ford car can often be a dream car for many individuals, Ford finance has made it possible for many individuals to buy their dream car.

Ford Finance FAQs

1. How can I apply for credit from Ford finance?

The Ford dealer can provide the loan application and will help you through the entire process. The loan application will also be available on the website in e-form.

2. Are there any pre-payment charges (pre-closure charges)?

Any loan availed from Ford finance does not call for charges. This is a unique feature in Ford finance as against other type of car finance which normally comes with a pre-closure penalty.

3. Does Ford finance have a customer care?

Ford Finance provides 24/7 customer care support to their customers. You can reach them through phone, email and social media. Their turnaround time is 48 hours.

4. How can the borrower avail Ford finance car loan statement?

The latest Ford finance car loan statement can be downloaded online by clicking ‘Account History’ tab and choosing ‘payment invoice’.

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