Toyota Financial Services launches 30-min car loan approvals

Toyota Financial Services has launched a fast track car loan service called 'Tatkal Loan'.

The service offers loan up to 85% of the vehicle's ex-showroom price. According to Toyota, once the necessary documents are submitted, customers can get the loan approved within 30 minutes. The loan process is completely automated and takes into consideration the customer's bank statement and CIBIL score.

Tatkal Loan service is available for all new and existing Toyota customers who own a house and are purchasing the vehicle for personal use. Customers are required to submit a photograph, ID proof, bank statement and residence ownership proof at the time of application.

This loan service is available for the Etios series, Glanza, Yaris and Innova.