Easy Finance Car will approach different commercial banks for case processing depending on an individual’s income and other factors which are crucial for loan processing. After evaluation as per different policies and procedures of banks Easy Finance Car will guide and inform about particular commercial bank and their loan policies to individual and will ask for necessary documentation for further processing. Case processing will start once all required documents from the applicant are received. In some cases, additional documents may be required for case processing after stipulated time communicated to individual for loan processing as Bank thinks necessary for further processing. Cases will be processed subject to satisfaction of Debt Burden Ratio as per Bank’s internal credit policy and due diligence checks. The Bank will provide case decision based on applicant’s documentation, ECIB and satisfaction on other Internal checks, as per Bank’s Policy. KIBOR rate (One Year) on the first day of the month will be applicable and will be revised on loan anniversary. Bank Schedule of Charges (SOC’s) are subject to change on yearly basis, however terms and conditions once specifically offered in individual cases for the whole tenure of the loan will remain unchanged/unaffected. Monthly instalment and insurance charges shown are tentative and subject to change. Processing Fee and all other charges will be applicable as per Banks Schedule of Charges. The registration charges are approximate and may change depending on Motor Vehicle Excise and Taxation department policies.

Once the case is handed over to Bank for processing as per mutual consent with individual the Easy Finance Car is indemnified against all the losses incurred to an individual in any form whether financial or non-financial due to any act of bank’s representatives.