How to get a car loan from a Bank?

One of the easiest ways to get a new car or a second hand car loan from a Bank/NBFC within India is to apply online or offline. Since there are many lenders in the market, you must research well before opting for a loan. There are many Banks like Bajaj finance ICICI, Bank of India and many more that provide new and used car loans to customers all over India.

You must understand the new or used car loan term length before applying for it. The Average car loan must suit your monthly EMI amount. Short term car loans will mean that you will be paying a higher EMI and long term car loans will mean that you will pay a smaller EMI.

It’s about reading the fine print and then making a sound decision.

Where to apply for a car loan?

Ruloans is the place to be when you want to apply for car loans. These are the reasons;

Compare loan options from more than 25+ major Banks and NBFCs in India.

Upload your documents online to speed up the loan approval process.

Ruloans guides you throughout your loan application FREE OF COST.

Yes, we believe in helping our customers in borrowing right and hence you can contact us for all your loan worries.

How to apply for car loan in India via Ruloans?

In 5 simple steps, you can apply for the best car loan in India.

Step 1: Visit

Step 2: Fill in your loan requirement details.

Step 3: Compare loan deals and offers from all our partnered Banks.

Step 4: Upload your documents online or get it collected through our staff.

Step 5: Ruloans will deal with the Banks and get you the best deal available.

What can you do to get the best deal available on Ruloans?

You need to ensure that you have a good credit score in the upwards of 750 at least. If you have repaid all your dues on time in the past 12 months, it shows well on your profile. Having fewer debts will be beneficial. If you already have multiple loans and outstanding credit card balances, please work on clearing them as taking more debt is seen negatively by Banks.

Pin It on Pinterest