Authorisation For Car Finance

This document is a format for authorizing finance to the applicant after discussing various conditions on granting of such finance in earlier meeting. The financing facility granted by the institution while documenting the acceptance to grant such finance shall clearly mention the vehicle which is being financed, the amount which shall be financed, the interest which shall be charged on the amount, the payment cycle for repayment of the financial service availed and the charge created over the financing property. These disclosures are mandatory to be made by the financing institution to have transparent working of the financial services. 

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