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At Supra, we understand that having a reliable vehicle is crucial for both individuals and businesses. Whether it's your dream car or the transportation infrastructure your business needs, a vehicle loan can help you make it a reality.
With our flexible repayment options and competitive interest rates, our Auto Loans are a cost-effective solution for financing your vehicle purchase. Our dedicated team of experts will work with you to find the best loan package to suit your needs and budget.
Don't let a lack of funds hold you back from achieving your dreams. Apply for an auto loan at Supra Pacific today and start driving towards a brighter future!
Supra Pacific offers auto loans for both salaried and non-salaried individuals to help you finance your dream vehicle. Our LTV ratio for two-wheelers is designed to provide you with the necessary financial resources to purchase the vehicle you need, while also taking into consideration the age of the vehicle. Whether you're in the market for a new bike or a pre-owned one, our LTV system is designed to help you get behind the wheel.
| AGEING | No Income Group(scooter) | Asset Based Group(scooter) | No Income Group(motorcycle) | Asset Based Group(motorcycle) |
|---|---|---|---|---|
| 0-2 | 80% | 90% | 70% | 85% |
| 02-Apr | 75% | 85% | 65% | 80% |
| 04-Jun | 65% | 75% | 60% | 75% |
| 06-Aug | 50% | 55% | 50% | 60% |
If you have purchased a vehicle via Supra auto loan, you are not allowed to sell your car or bike before the loan repayment is complete. In order to sell the vehicle, you must first fully repay the outstanding loan balance and obtain a No Objection Certificate(NOC) from Supra Pacific. The NOC is a document that states that all loan repayments have been made and that there are no outstanding obligations on the vehicle. Once you have obtained the NOC, you may then proceed with the sale of the vehicle. It is important to note that until the loan repayment is complete and the NOC is obtained, the vehicle remains the property of Supra Pacific and cannot be sold without our permission.
The minimum and maximum auto loan amounts that you can avail at Supra Pacific are based on several factors, including the age of the vehicle you are purchasing and your repaying capacity as the applicant. According to Supra Pacific's guidelines, the minimum loan amount can be as low as 50% Loan-to-Value (LTV), which means that the loan amount cannot exceed 50% of the value of the vehicle you are purchasing. The maximum loan amount is capped at either 1.35L or 90% LTV, whichever is lower. This means that the maximum loan amount cannot exceed either 1.35L or 90% of the value of the vehicle, whichever is lower. The exact loan amount that you may be eligible for will be determined by Supra Pacific based on a comprehensive assessment of your financial situation and the vehicle you are purchasing.
Supra Pacific offers ato loans to a variety of applicants, including both salaried and non-salaried individuals. If you are under the age of 25 or are a non-salaried individual, Supra Pacific requires that you have a guarantor in order to obtain a loan. This means that the guarantor would be responsible for repaying the loan if the primary borrower is unable to do so. Irrespective of your income status, Supra also extends auto loan facilities to people who can provide an asset as collateral, which can be used as security for the loan.
The maximum tenure available for an auto loan at Supra Pacific is 36 months. This means that you have the option to repay the loan over a period of up to 36 months, or three years. However, to be eligible for a 36-month loan tenure, you must meet certain criteria. Specifically, the loan amount must be greater than 50K, and the age of the vehicle must be 0-6 years old. If your loan amount is less than 50K or if the vehicle you are purchasing is older than 6 years, you may still be eligible for an auto loan from Supra Pacific, but the maximum tenure available to you may be limited to a shorter period, such as 12 months. The exact loan tenure offered to you will depend on a comprehensive assessment of your financial situation and the vehicle you are purchasing, as well as SupraPacific's loan policies and underwriting criteria.
At Supra, we are committed to providing excellent customer service and support. If you have any questions or concerns, please do not hesitate to reach out to us. Just drop in your contact details and our team will reach out to you ASAP!
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