FAQs (Car Loan)
Q. What makes of cars does TSCB finance?
A. We finance all makes of new cars, and secondhand cars not more than five
years old. Thus, you are free to choose any vehicle you want to own.
Q. Can my spouse's income be included for calculating the loan amount?
A. Yes, your spouse's income can be included provided he/she guarantees the
Q. Do I have the option of choosing a fixed or floating rate for the loan?
A. You have the option to avail the loan with either a fixed interest rate
or a floating interest rate. In the case of a fixed rate loan, the interest
rate on the loan will remain fixed through the entire tenure of the loan,
whereas in the case of a floating rate loan, the interest rate could decline
or rise in line with the changes in the State Bank Advance Rate (SBAR).
Fixed Rate option is available only for Car Loans upto Rs. 5 lac.
Q. What is the repayment schedule like?
A. The minimum amount that you are expected to pay every month is the
EMI.You can repay the loan in upto 84 EMIs.