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How does TFSIN Car Loan compare with those offered by other institutions?

We offer innovative products tailor made to suit your requirements. All our financial products will be offered solely to Toyota customers in India. We have several products to suit your monthly budgets and leverage on our Global expertise to bring unique products and processes at very competitive rates. We also have loyalty benefits which you can avail on your next purchase.

How much finance can I avail of?

Depending on the scheme being availed, we can offer a Loan to value of upto 100%. We have special schemes for On Road funding as well.

What are the lending rates?

Our products are priced at very competitive rates. For detailed information on the rates, you may write to us on customerfirst@tfsin.co.in , call us on 1800 419 1801 or visit your nearest authorized Toyota Dealer. Currently available in these locations - Download Locations List

What are the tenure options?

The choice is yours. You can choose any repayment option from 12 to 84 months, all uniquely designed to suit your requirements.

How long will it take to process the loan?

We strive to process the application within 8 hours from the completion of the Loan application form and receipt of the same. We also keep you informed at every stage of loan processing.

Do I need a guarantor?

Generally no. But if you do not meet our credit criteria, then you may be required to have a guarantor to stand surety for your loan.

Do I have the option of pre-paying the entire loan amount?

Yes. One can pre-pay the loan any time post availing the loan. You have to pay a prepaymentcharge on the outstanding loan amount. We do provide pre payment benefit on choosing your next Toyota finance with us.

How is the interest charged/calculated?

TFSIN charges interest on a monthly reducing balance basis using the 30/360 methodology.

Do I have to pay any additional charges?

Processing Fees, Documentation charges and the actual stamp duty charges are applicable at the time of loan processing. There are additional charges in case of Cheque return, delayed payment, prepayment of the loan, Cheque swapping and loan cancellation. (For more details do check our Fee charges link at our homepage)

What documents do I need to submit to avail a Car Loan?

Salaried Individuals
Documents required:

Proof of Identity:- Passport copy, PAN Card, Voters card, driving licence ( Laminated, Recent, Legible) ,UAT, Company I D .

Income Proof: - Latest salary slip with Form 16.

Address Proof: - Ration card/ Driving licence/ Voters card/ passport copy/ telephone bill/ electricity bill, Salary Bank Statement

Self Employed
Documents required:

Proof of Identity:- Passport copy, PAN Card, Voters card, driving licence( Laminated, Recent, Legible) ,UAT.

Income Proof:- Latest ITR / Audited Financials

Address Proof:- Ration card/ Driving licence/ Voters card/ passport copy/ telephone bill/ electricity bill Business Bank Statement.

In case of Corporates/ Pvt Ltd / Public Ltd Companies, there are additional statutory requirements of Board Resolutions, MOA, Common Seal.

Where can I avail Toyota Financial Services for a Car Loan?

You can get in touch with us, using any of the following modes:

Email us at customerfirst@tfsin.co.in

SMS us with the key word “TFS”at 53030

Call us on our Toll Free Number – 1800 419 1801

Visit our website at www.toyotafinancial.co.in

Visit any Authorized Toyota Dealer in your city.

Who can be the co-applicants for the loan?

Any one of the following can be a co-applicant- father, mother, brother, sister, children, spouse, father in law, mother in law, daughter in law and son in law.

What security/collateral do I have to provide to avail a car loan?

The vehicle is hypothecated to Toyota Financial Services India Ltd and lien is marked in our favor on the Registration Certificate, Final Invoice and Insurance Policy.

Do I have the option of pre-paying the entire loan amount?

Yes. One can pre-pay the loan any time post availing the loan. You have to pay a prepaymentcharge on the outstanding loan amount. We do provide pre payment benefit on choosing your next Toyota finance with us.

If I do not meet all the criteria for the loan, can I still avail of a loan?

In case you do not meet the criteria, you can take in a co applicant or a guarantor to fulfill the eligibility criteria. any time post availing the loan. You have to pay a prepaymentcharge on the outstanding loan amount. We do provide pre payment benefit on choosing your next Toyota finance with us.

How do I repay the loan?

You can repay the loan by depositing Post dated Cheques. ECS or Electronic Clearing Service debit mandate is other mode of repayment by which your bank account gets debited for the loan repayment on a specific date in a month. These have to be submitted to the TFSIN representative dealing with you along with the loan documents after the sanction of the Loan.

Can I avail of a loan on my existing car?

Currently, TFSIN only offers a New Car Loan. We would be shortly launching our Used Car Loan products.

Where can I avail Toyota Financial Services for a Car Loan?

You can obtain your foreclosure statement by sending a request to us by any of the modes mentioned below:

Email us at customerfirst@tfsin.co.in

SMS us with the key word “TFS”at 53030

Call us on our Toll Free Number – 1800 419 1801

You can make the payment towards the foreclosure of the loan using a Funds transfer / RTGS mode from your existing bank account/ bank branch to the designated TFSIN Bank account.

How can I obtain my un-banked PDC or Security PDCs?

Your un-banked PDC or Security PDCs will be automatically returned to you within 30 days of the closure of your loan. In case you do not receive the same, please contact us at any of our contact points and we will get back to you with the details.

Can my spouse's income be included for calculating the loan amount?

Yes, if the spouse is taken as the co-applicant, then the income can be included for calculating the loan amount.

How can I pay my Cheque bounce charges / other overdue charges?

You can make the payment towards the foreclosure of the loan using a Funds transfer / RTGS mode from your existing bank account/ bank branch to the designated TFSIN Bank account. The details you need to fill in the RTGS/NEFT form are:*

What happens after I have paid the last EMI?

After the last payment is made, you can get the lien of TFSIN removed on your car. You will be issued a loan closure letter by us along with Form 35 and NOC to the RTO for removing the lien from the RC book. A similar NOC will also be issued to the insurance company requesting for the removal of our lien from the policy.

Is the Car Loan being offered at fixed or floating rate of interest?

Toyota Financial Services Car Loans are offered at fixed rate of interest, i.e., the interest rate remains unchanged for the tenure of the loan.

*The details you need to fill in the RTGS/NEFT form are:

Beneficiary Name/Payee name - Toyota Financial Services India Limited

Beneficiary Nickname - TFSIN

Account No – (1492) + your 11 digit TFSIN Loan Account Number
For e.g. If your TFSIN Loan Account Number is NDEL1234567, then your Account Number becomes 1492 +
NDEL1234567 = 1492NDEL1234567

IFSC Code – HSBC0560002

Bank Name – The Hong Kong and Shanghai Banking Corporation Ltd.

Account Type- Current Account.

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