Loan Application Phase
Who can take up a loan?
Real persons aged 18 and over with sufficient income to make the loan payments who will operate the vehicle purchased for private purposes and as a final user, and all legal entities with proper credibility may take up a loan.
How can you apply for a loan?
Just visit the vdf representative at the nearest vdf authorized dealer with the required documentation.
What are the loan terms?
You can take up a loan with maturity terms between 1 to 60 months unless an exception is required.
What is the maximum amount of the loan?
You can finance up to 80% of the total invoice value of a vehicle with Classic Loans and Auto Credit provided that your application is approved and no exceptional treatment is needed.
Which documents are needed for loan application?
Please visit the required documents page to find out the documents needed by salaried, legal entity shareholder, self-employed or retired applicants.
What is the approval period?
If you deliver all documents fully to vdf, your loan application will be approved in the same day, the authorized dealer will inform you accordingly.
I already have received a loan; can I apply for another one?
You are entitled to make an application. Provided that evaluation result is positive, you can take up another loan.
Can I benefit from special payment plan options?
You can take advantage of special payment plan options based on the loan evaluation result unless no exceptional treatment is needed.