Make Your Ambitions Soar
Business Loans Ranging From
₹ 50 Lakh to ₹ 3 Crore.
Are you are a trader, manufacturer, service provider or a professional in need of capital for a personal venture? If you fit the profile, IndoStar Capital Finance Ltd. has got you covered. We have solutions for all your business financing needs such as working capital, business expansion, or any other financing requirement you may have, with our various product offerings. Our products are tailor-made to be relevant and competitive and suit all your business requirements. We also have a host of income assessment programmes that will help you avail the highest eligibility for your loans. Climb the ladder to success with our SME finance solutions.
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Frequently asked Questions
How do I pay my EMI?
You can pay your EMI by providing us with a National Automated Clearing House (NACH) mandate form. This is nothing but an instruction that authorises a direct deduction of the EMI amount from your bank account (from which you would repay your loan) on specified dates. In case your bank is not registered for NACH, then you might have to open a new bank account in a registered bank and provide us with a NACH mandate form.
What is Margin Money?
Margin Money is the amount that you have to pay to the dealer or seller before availing the vehicle loan. This is your contribution towards the purchase of the vehicle
What is EMI?
An Equated Monthly Instalment, or EMI, is the monthly payment that you make to your vehicle loan provider. This payment is due on specific dates, which is either the 5th or 10th of every month in case of IndoStar Capital Finance Limited. The EMI consists of two parts: the interest to be paid on the loan and the principal component. Thus, with every EMI that you pay, you are repaying a part of the loan as principal repayment and also the interest due on the amount borrowed.
What is a Loan-To-Value (LTV) Ratio?
A Loan-to-Value ratio is the amount of loan that will be provided compared to the value of the vehicle. For new vehicles, the purchase or invoice cost will be considered as the value of the vehicle. For a used vehicle or refinance, a fair market value is considered as the value of the vehicle.
What are the loan tenure options?
You can choose any repayment tenure from 12 to 60 months. This range is specially designed to suit your needs and requirements.
Is a co-applicant mandatory? Am I eligible to be a co-applicant?
Yes, a co-applicant is mandatory to apply for a loan. All owners/co-owners of the vehicle to be financed will have to necessarily be co-applicant(s) to the loan.
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