For Dealers

The Dealer once his limit is live can procure the Used Car from every possible source i.e. Used Car Aggregators, Open Market (directly from Seller), New Dealership Counter, Leasing Companies.

Basis the credit score and risk assessment of the dealer, Limit of the dealer will be set up ranging between Rs. 5 lakhs to Rs. 50 lakhs. Once the Limit is set, Dealer can draw down the Limit whenever the Vehicle is procured. The Dealer is required to submit the proof of purchase and basis that Loan shall be disbursed in the account of the Dealer.

Once the Limit of the Dealer is set, Loan shall be disbursed within max 2 hrs from the time of raising the Disbursement Request by the Dealer.

The Loan tenure shall be 60 days from the date of drawdown of each Loan for the respective Vehicle. In case the dealer wants to prepay the Loan there shall be no prepayment penalty.

The dealer shall be required to submit the proof of procurement of Vehicle eg screenshot of Application of the Car Aggregator which proves that Dealer has won the bid for that particular vehicle, Performa Invoice of New Dealership Counter or Leasing Company

The Vehicle financed by TSC shall remain Hypothecated in its name till the time Loan for the financed vehicle is repaid. And further the Original Documents of the financed Vehicle will remain with us and shall be handed over post the Loan has been closed.