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Birla Global Finance - Four Wheeler
- Eligibility
Tenor:
Any period (in completed months) between 12 and 36 months (relaxable upto 60 months for
salaried employees.
* Conditions Apply
Financial Criteria:
The finance amount will be a minimum of 1 lac and a maximum of 50 lacs or 3 times the net
annual take home salary, or 85% of the cost of the car, whichever is least. This is
relaxable with acceptable guarantee and/or marketable security.
Qualitative Criteria:
In business / Service for -
Minimum 3 years
(Employer or own business should be in profit for the last 2 years)
Credit Card
- In cities where there are foreign banks or BGFL branches, foreign bank credit cards are
required.
- In case of absence of acceptable credit cards, Guarantor will be necessary.
Assets - Minimum 4 times of
net exposure amount.
Telephone - Must in all cases
at office and residence.
Guarantor relaxable if - At
least two of the three conditions below are satisfied:
a) Net income is >50% of the cost of car
b) Client has a valid credit card of a foreign bank.
c) Property is more than 4 times loan sought.
Gurantor can be
waived for Limited and Private Limited Co.'s if Net Profit is > Rs. 20 lacs
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