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 |
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.