Apply for New Car Loan
Bangalore officially known as Bengaluru, the capital city of Karnataka, has a reputation for being the 'IT Hub' of India, as also the 'Silicon Valley' of India. Bangalore leads the nation as the number one Information Technology Exporter. On the automotive front, Bangalore has emerged as the number one in car sales, and the third-largest market for passenger cars in South India behind NCR and Bangalore. More than eight million registered vehicles were plying the streets of Bangalore in 2019. Around 1,750 new vehicles are registered every day across the city, taking the total number of registered vehicles in Bangalore to approximately 81 lakhs.
Several upwardly mobile Indians are an applicant to own cars to travel at ease. The years of saving and waiting to bargain for a new car are ended. Ruloans, a one-stop shop for hassle-free New Car Loans in Bangalore has taken the initiative to get your new car dream inside your range. Ruloans in partnership with notable banks and NBFCs, offers you New Car Loans up to 100% of the on-road car price at practical interest rates, for tenures ranging from 1 year to 7 years. Come home to your dream car; Ruloans will contract you a hassle-free New Car Loan in Bangalore.
A new car loan at Ruloans requires only a simple application with easy eligibility and minimal paperwork. You may avail of several new car loan features and benefits ranging from low-interest rates to flexible repayment tenures, balance transfers, top-up loans, and more. A New Car Loan in Bangalore at Ruloans can afford you your dream car.
Our partner banks and NBFCs offer the best in terms of car finance. At Ruloans you are empowered to avail a high-value New Car Loan of up to 100% of the On-Road Car Price. Your car dreams are highly valued at Ruloans.
Interest rates offered by our partner banks and NBFCs on New Car Loans are the lowest rates offered by financial institutions. Our new car loan offers are surprisingly cost-effective funds, which help keep the cost of your car loan in control.
Our partner banks and NBFCs are the best who offer the best in terms of value for money in the face of tough and volatile financial market conditions. This gives you the chance to gain from the flexible repayment tenures that range from 1 year to 7 years.
A New Car Loan Balance Transfer involves the transfer of the entire balance amount of your outstanding car loan to another bank from your current bank. Take advantage of this facility when you have better offers.
A New Car Loan Top Up offers you the option to borrow more funds over and above your current car loan amount. The amount will depend on several factors that determine your creditworthiness. Feel free to opt for a top-up when you feel the need for more funds.
Ruloans’ 24/7 Digital Resources make the car loan process pretty easy and simple for a loan seeker. Our New Car Loan process with easy eligibility and minimal documentation will astonish you. With your car loan approved and disbursed quickly, you’ll be in your dream car earlier than you thought.
Eligibility criteria refer to the parameters that determine your qualification for a loan. New Car Loan eligibility depends on various factors that define your entitlement to a new car loan. The parameters are common to most banks and NBFCs, but a few may vary according to individual lender requirements. Eligibility criteria play an important role in deciding the rate of interest, tenure, etc. Eligibility criteria for a New Car Loan in Bangalore are listed below.
Your age should be minimum of 21 years, and a maximum of 68 years at Loan Maturity
You should be a Resident Citizen of India without having defaulted on any previous loans and without any Criminal Record
Your credit score should be 650 or higher
If you’re a salaried individual, you should be working with a Private Limited Company, or a Public Limited Company. As a self-employed person, you should be a Proprietor, Partner, or Director. Partnership or Private Limited Companies engaged in manufacturing, servicing, or trading are eligible for New Car Loan
As a salaried person, you should have a salary of Rs.25,000. As a self-employed individual, your gross annual income should be a minimum of Rs.3 lakh. A firm or a company requires an annual turnover of a minimum of Rs. 10 lakh
You should have a minimum of 1-year of experience with your current employer as a salaried person. If you are a self-employed person, you should be in the same business for the last 3 years. As Professional CA, CS, or Doctor, you need a minimum of 1-year practice. A firm or a company needs business stability or vintage of a minimum of 3 years in the same business.
Note: The above eligibility criteria are for indicative purposes only, and can vary from lender to lender.
We at Ruloans are enthusiastic about making your New Car Loan process a smooth and convenient affair. Documents essential for a New Car Loan are minimal. We request you to furnish specific facts and credentials so that your New Car Loan application can be processed in the shortest possible time. Documents required for a New Car Loan in Bangalore are listed below.
Note: The above documentation requirements are for indicative purposes only, and can vary from lender to lender.
Fill out your ‘Basic Details’
After you receive your 'New Car Loan Eligibility', choose your 'Financial Institution', and upload 'Required Documents'
The Institutions will 'Verify' your New Car Loan application, and submitted documents
Your New Car Loan will be 'Sanctioned'
Receive your 'New Car Loan Amount' in your Bank Account - Simply Efficient!