BAF India Bike Loans

About Us Bussan Auto Finance India Pvt. Ltd. (hereinafter referred to as BAF India) is a Non Banking Finance Company under Sec. 45-IA of the Reserve Bank of India Act, 1934, established with a view to finance Yamaha Two Wheeler Vehicles across India. BAF India is a Joint Venture of Bussan Automotive Singapore Pte. Ltd, Axis Bank Ltd. and Yamaha Motor Asia Pte. Ltd. BAF India is established with a view to enrich the lifestyle of Indian society through customer-friendly and quality financial services and to become the most preferred financier for customers and dealers of Yamaha two wheelers across India setting a benchmark in the industry. About Promoters Bussan Automotive Singapore Pte. Ltd. is a company under Mitsui Group. Mitsui Group is a global trading conglomerate from Japan with 155 Offices and over 700 group companies in the world. It provides integrated solutions in combination with advance functions of marketing, financing, logistics and risk management. Axis Bank Ltd. (formerly known as UTI Bank Ltd.) is a pioneer among the private sector banks in India, established in 1994. It is one of the biggest private sector bank in India. Yamaha Motor Asia Pte. Ltd. is a company under Yamaha Group. Yamaha was established in 1955 in Japan and is the second largest motorcycle manufacturer in the World. Board of Directors BAF India is comprised of Six Board Members. Members on the Board of Directors have wide experience in Banking, Marketing and other Managerial Functions. Members on Board are: Mr. Keiichi Yoshimura Managing Director & CEO Mr. Hirofumi Ogawa Director Mr. Rajiv Anand Director (Nominee Director Axis Bank) Mr. Kota Odagiri Director Mr. Jiro Yamada Director Mr. Jairam Sridharan Director (Nominee Director Axis Bank) Products Special Feature of LOAN SCHEMES with BAF INDIA Processing Fees as Applicable Stamp Duty – Actual CHOOSE YOUR SCHEME AS PER YOUR REQUIREMENT (Please contact your nearest YAMAHA dealership to know more about BAF INDIA and choosing your best suitable scheme) NOTE: Rate of interest may differ as per location Special Schemes from BAF INDIA Crystal Scheme High Down Payment Scheme Quick Pay Scheme Youth Special Scheme Message from Chairman & Managing Director Welcome aboard Bussan Auto Finance India "Bikers' Flyway"! Since 2007, we have been striving to improve our quality of service to live up to our customers' expectation in a speedy, courteous and effective manner. Today, we lead the Two-Wheeler finance industry with more than 200 locations of sales network all across India. While our business opportunities are getting increased, our commitment to our stakeholders is even greater. At Bussan Auto Finance India, we believe that your dream can become reality and we enable to enrich your lifestyle by providing the best quality of financing solutions. Since we are still young, we try to keep on challenging and enhancing our business together with all our customers and society in order to pursue the sustainable growth as a responsible global financial company. Sincerely, Keiichi Yoshimura Chairman and Managing Director Bussan Auto Finance India Pvt. Ltd. Mission We exist to enrich the lifestyle of Indian society through customer-friendly and quality financial services. Vision We aspire to be the most preferred financial solution provider that can meet the needs of our customers throughout India. Values Integrity : Build trust with Integrity, fairness and humility. Customer First : We understand the changing needs of our customers and consistently exceed their expectations in a speedy, courteous and effective manner. Transparency : We cultivate and reflect transparency in all our dealings. Open Corporate Culture : We provide our employees with an open corporate culture and platform for self-development and professional excellence. FAQ 1. Reasons to Choose BAF India to avail finance. Our main motto is to provide Hassle Free & Quality Financial Service to our customers. So you can expect complete Trust & transparency while dealing with us. Below are few more reasons to avail a BAF India loan: Official Financier for Yamaha two wheelers. Highly devoted for customer satisfaction. Bucket full of promotional schemes and benefits. Customer reference programs. Gives you value for money 2. How to approach BAF India for Two Wheeler Loan. Just visit to your nearest Yamaha Motor dealer, choose your favorite Yamaha bike, meet our Finance Coordinator apply for the loan then & there. We will need the relevant documents to process your application & approve your loan. Or Just go to “Apply now” option on our website and fill the form. Our Sales representative in your city will contact you shortly. Or You can also contact our customer service helpdesk at 1800-10-223-48 and we will guide you through the process. 3. Different schemes available for finance with BAF India. The different schemes available are as under:- S. No. Scheme Loan Amount Tenure Processing Fees Rate of interest 1 Crystal Up to 85% 6 to 36 month As per prevailing rates As per prevailing rates 2 High Down Payment Up to 50% 6 to 36 month As per prevailing rates 1% less than the prevailing rates 3 Quick Payment Rs20, 000/-to 40,000/- 6 to 36 month As per prevailing rates As per prevailing rates 4 Youth Special Up to 70% 6 to 36 month As per prevailing rates As per prevailing rates 5 CBU Scheme Up to 70% 6 to 36 month As per prevailing rates As per prevailing rates Note: - 1. CBU Scheme is applicable on High End Bikes (R1 & MT01 etc.) only. 2. The Loan amount is based upon the Discretion of Credit Team of BAF India. 3. The "BAF India" reserves the right to grant the loan facility in its sole discretion. For more details please visit to your nearest Yamaha Showroom or call at our Toll Free No. 1800-10-BAF 4U/ 1800-10-223-48. 4. Lending rates in BAF India. We offer flat rate of interest depending on your down payment and the finance option chosen by you. There are various schemes running on different models that are available to you. Our Finance Coordinator will help you choose the best scheme as per your requirement. 5. Any Additional Charges. Only processing fees and stamp duty as per actual. 6. Time taken for approval of loan. Turnaround time for approval of loan depends on the scheme you choose & completion of documents on your part. Once the application is filled-in and the basic documents are given to our representative, it normally takes around 6-8 hours for us to approve the loan. We also offer 'Spot Loans' where the approval is given within 30 minutes of your applying for the loan, depending upon fulfilling of terms & conditions under Green Channel. 7. Second Loan Option available with BAF India. For second loan, you need to close your first loan then only you will be eligible for second loan. The Loan amount depends upon the discretion of credit department of BAF India. 8. Eligibility criteria for BAF Privilege Membership Program. For becoming BAF Privilege Card holder, you just need to pay your monthly installments on time without any cheque bounce, after completion of you 6 EMIs without any cheque bounce you will be eligible for BAF Privilege Membership Program automatically. 9. Benefits of becoming a BAF Privilege Card holder. BAF Privilege Card is a bunch of benefits and you start enjoying your benefits as soon as you get your BAF Privilege Card:- Reference Program: you can refer your friends for loan from BAF India and if they also become BAF customer you are eligible for a surprise gift from BAF India. Repeat Scheme: After closure or Foreclosure of your loan you can again go for another loan from BAF India with special waivers. 1 Lac Personal Accident Insurance Cover: Along with your BAF Privilege card we will provide you a Personal Accident Insurance Cover for 1 Lac Rupees. Other Services: From time to time we keep on adding benefits to BAF Privilege Card. 10. Foreclosure of loan/ Prepay loan. The loan can be prepaid / foreclosed after 6 months with a nominal prepayment charge of 4.494% on principal outstanding and Service Tax applicable as per norms. 11. To change my cheques / Bank Account (Cheque Swapping)/ Payment Mode. For changing the payment mode or for cheque swapping. Following process is required to be followed:- Make a request for cheque swapping/ change of payment mode to BAF India. Repeat Scheme: After closure or Foreclosure of your loan you can again go for another loan from BAF India with special waivers. Submission of new PDC cheques and Swapping charges. Old PDC will take 10 days to return to you. The complete process will take a period of 15 working days. Note: In case the time lag for next EMI date is less than 15 days, then the changes will effect from further next EMI. 12. To update changes in Address/ phone No. Please give a request along with the proof of your residence & phone No. Residence proof can be your current Mobile / Credit Card Bill/ Utility Bill etc. The changes will be updated in system within two working days. 13. Loan Account Statement required. Please make a request to customer care; the same will be issued and will be provided to you by email/ fax same day or within 3 working days through courier. 14. No Objection Certificate (NOC) required. Please make a request at customer care of BAF India and NOC will be issued to you with in next 30days. 15. Payment of EMI in the other state. Yes, our collection executive can collect the payment from you in other city as well provided that city is been covered by BAF India. 16. Customer care E mail Id of Yamaha Motors India. customercare@yamaha-motor-india.com & Toll free 1800-180-1600.