COVID-19 Update

 

Nissan Renault Financial Services is committed to support our customers during this challenging time of COVID-19 situation and in line with RBI regulatory package, we are offering our customers an option to defer the monthly instalments. Borrowers are eligible for a moratorium/ deferment of instalments/ EMI for the payments falling due for the period 01st June 2020 to 31st August 2020.

To avail the moratorium option, kindly give us a missed call from your registered mobile number at 8010924205 and we shall be happy to defer the same. If there is no request made, the monthly EMIs shall be processed as per regular schedule.

Thank you and please stay safe!

COVID-19 Update

 

Nissan Renault Financial Services is committed to support our customers during this challenging time of COVID-19 situation and in line with RBI regulatory package, we are offering our customers an option to defer the monthly instalments. Borrowers are eligible for a moratorium/ deferment of instalments/ EMI for the payments falling due for the period 01st June 2020 to 31st August 2020.

To avail the moratorium option, kindly give us a missed call from your registered mobile number at 8010924205 and we shall be happy to defer the same. If there is no request made, the monthly EMIs shall be processed as per regular schedule.

Thank you and please stay safe!

COVID-19 Update

 

Nissan Renault Financial Services is committed to support our customers during this challenging time of COVID-19 situation and in line with RBI regulatory package, we are offering our customers an option to defer the monthly instalments. Borrowers are eligible for a moratorium/ deferment of instalments/ EMI for the payments falling due for the period 01st June 2020 to 31st August 2020.

To avail the moratorium option, kindly give us a missed call from your registered mobile number at 8010924205 and we shall be happy to defer the same. If there is no request made, the monthly EMIs shall be processed as per regular schedule.

Thank you and please stay safe!

We've got your EMI covered for 3 months.

These are tough times and we know you're worried about the times ahead. Which is why we've curated specific insurance products for you, with an assurance that no matter what lies ahead, we're by your side.

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FAQs on EMI Moratorium (Deferral)

As per the COVID-19 – Regulatory Package notification issued by RBI moratorium of three months is available on payment/repayment equated monthly instalments (EMIs) in respect of all instalments/payments falling due between the period beginning June 01 until August 31, 2020.

What is EMI moratorium?

EMI moratorium is temporary postponement of EMI payment (and is not a waiver) for the period from June 01, 2020 until August 31, 2020. Interest will be payable on all amount(s) for which payment is being postponed and the loan tenure shall increase pursuant to the moratorium.

Is the moratorium compulsory or optional?

The moratorium is optional for customers and the EMI moratorium is extended only to customer opting to avail the facility subject to eligibility criteria.

For what period can the moratorium be granted?

A moratorium is granted up to a period of three months for all amounts falling due between Mar 01 and May 31, 2020 if you have applied earlier and Moratorium extension is applicable for June 01, 2020 until August 31, 2020

How can I opt for the moratorium?

The customer(s) can choose to avail moratorium in respect of the existing loan with us by giving us a missed call at the number 8010924205 from their registered mobile number or by writing to us at with your 10 digit loan account number and mobile number to:

Nissan Finance - csupport.nissanfinance@nrfsi.com

Datsun Finance - csupport.datsunfinance@nrfsi.com

Will I be communicated if my request for moratorium has been accepted?

Post receipt of your request, we shall communicate if your request has been accepted for moratorium.

What are the charges that customers have to pay if they avail the EMI moratorium?

There will no additional charges for availing this facility. However, If customer avails the EMI moratorium there will be accrual of interest at the contracted rate of the loan for the period of EMI moratorium on the principal outstanding. Such interest would be added to loan outstanding and with EMI remaining the same, loan tenure would be extended accordingly.

Is the moratorium on principal or interest or both?

Moratorium can be offered for below payments due during the moratorium period.

(i) principal and/or interest components;

(ii) bullet repayments;

(iii) Equated Monthly Instalments or EMIs

Will there be bounce charges/ late payment charges/ penal interest for the deferred installments during the moratorium period?

No bounce charges/ late payment charges/ default interest/ additional interest shall be levied during the moratorium period.

By availing Moratorium does it have an impact on my CIBIL/Credit bureau score?

There will be no adverse impact on the credit history of the borrowers. Any delay in payments of dues/ outstanding amounts payable after the expiry of the Moratorium for customers(s)/ borrower(s) who had availed of the Moratorium will impact the CIBIL scores.

I had opted for EMI moratorium for Mar 01, 2020 to May 31st, 2020, how do I apply for moratorium extension?

Automatic extension of EMI moratorium will be granted from 01st June 2020 to31st August 2020 for existing loans where moratorium was availed during theperiod Mar 01, 2020 to May 31st, 2020.

I have not availed moratorium during the period Mar 01, 2020 to May 31st, 2020, can I avail the moratorium benefit now for 01st June 2020 to 31st August 2020?

Yes, EMI moratorium can be availed for 3 months with effect from 1st June2020 for fresh requests placed from 1st June 2020 subject to eligibility criteria.

Can I make payments in between the Moratorium period?

The option lies with the borrower to either repay the loan during this moratorium as per the actual due dates or avail of the benefit of the Moratorium.

For the retail Term Loans, can I pay all 3 months’ EMI in August 2020?

As the tenure of the retail term loans has been extended on account of themoratorium, the customer is required to pay the EMIs as per the revisedschedule. However, part-payments can be made as per terms and conditions.Customer can make online payment through the given following link:

WHAT IS THE ELIGIBILITY CRITERION FOR AVAILING EMI MORATORIUM?

All fresh request received from customers whose repayments are due from01st June 2020 to 31st August 2020 are provided an option to availmoratorium due to COVID 19 situation except:
  • Loans which are overdue above 30 days as of previous month closing.
  • Loans where legal litigation is under progress either by NRFSI oncustomers or by its customers on the Company.

FINANCE YOUR NISSAN IN 3 EASY STEPS

Get behind the wheel of your next Nissan with our simple three-step finance process.

CHOOSE VEHICLE AND FINANCE OPTIONS

Choose vehicle and finance options

Choose from a range of vehicle and finance options that best suit your needs.

 

CHOOSE VEHICLE AND FINANCE OPTIONS

Choose Protection Options

Tailor your financial plan with a variety of useful options such as motor insurance, extended warranty, and payment protection insurance.  

CHOOSE VEHICLE AND FINANCE OPTIONS

Contact Us

 

Finally, contact Nissan Finance and submit your application. Its a simple as that. You can find our contact details at the bottom of this page.

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WHY NISSAN FINANCE

We provide innovative, responsible, comprehensive & sustainable financing solutions. One stop for all Nissan vehicle finance needs.

  • Higher Eligibility - Up to 100% ex showroom
  • Flexible Payment options – EMI Holiday, Balloon, Bullet, Step Up & Step Down 
  • Attractive Interest Rates – Low Rate of interest exclusive offers 
  • Quick Loan Approvals 
  • Add On Funding (Motor Insurance, Extended Warranty & Accessories, Payment Protection Insurance) – Reducing burden of Down Payment

 

Nissan Finance Eligibility Requirements

To be eligible for Nissan Finance, customers must meet basic requirements depending on their employment status as either a salaried employee or self-employed individual.

SALARIED EMPLOYEE

Salaried Employee

To be eligible as a salaried employee, you must be at least 21 years of age, have held a job for at least two years and earn an income of at least R.s. 2,50,000 annually. You will also be required to provide proof of identity, income, address and employment.

SELF-EMPLOYED INDIVIDUAL

Self-Employed Individual

To be eligible as a self-employed individual you must be at least 25 years of age and be in business for at least three years with an imcome of at least R.s. 2,50,500 per annum. You will also be required to
provide proof of identity, income, address, employment as well as the business registration certificate.

Questions About Vehicle Financing?

Financing/Loans

How do I get more information about financing with Nissan?

For any further query; Call on

What is my down payment?

Subject to individual Credit appraisal

Does Nissan offer zero percent interest loans?

Can be extended depending on monthly scheme offerings

What is the status of my loan application?

Status of Loan application will be communicated through SMS & E - Mail

What are the tenure of my loan?

NRFSI offers loan ranging from 12 – 84 months.

Payments

What is the Nissan website for car payment?

The website for payment is on the following link

What are Nissan’s payment options?

Customers can make online payment through the following link 

Does Nissan offer zero down payment?

NRFSI offers funding upto 100% Ex showroom price  

How do I pay my EMI online?

Payment of monthly EMI can be done online through the link

Can I pay my loan early?

Yes

CONTACT NISSAN Finance

Contact our dedicated Nissan team to speak to a representative

CALL TOLL FREE

(Call Times - 09:00 AM to 07:00 PM Monday to Friday, 09:00 AM to 01:00 PM on Saturday)

EMAIL

Fair Practices Code

Read our Fair Practices Code to understand and make an informed decision before you choose Nissan Finance.

Existing Nissan Finance Customer?

Pay EMI Online

EMI Payment Online

Customers can pay their EMI through our online payments portal

Pay EMI Online

Nissan Support

Nissan support continues far beyond your purchase. 

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