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A used car loan enables you to buy a pre-owned car at tempting interest rates. With zero hassle and quick sanction, a used car loan can be availed in no time as soon as the verification is done. With a maximum tenure of 7 years, many Banks & NBFCs provide a loan of 100% value of the pre-owned car.
Dedicated to making life easy and comfortable for you, Ruloans has an ardent interest in your mission to lead a 'Fulfilled Life'. Our unfussy, capable, and professional Used Car Loans process makes us elite as we grasp and foresee your need for better financial liquidity.
Here are a host of reasons you must choose Ruloans for online or offline Used Car Loans:
Ruloans along with significant 100+ partner Banks across India spread over 1000+ locations extend Used Car Loan to all eligible individuals across India.
At Ruloans, Adhaar based e-KYC speeds up the documentation process by eliminating physical paperwork. You can obtain a Used Car Loan as soon as the verification is done and approved.
You can think about loan costs, offers, and online services on our digital platform. Our online resources will direct you to settle on the right decision, and pick the right bank for your advance according to your financial plan and assumptions.
Experts at Ruloans know the ins and outs of the business. Our committed group of individual specialists will guide you to pick the right lender.
We esteem our clients and are consistently on our toes to give them advantages of our abilities. Applying for Used Car Loans through us gives you an opportunity to benefit from the best offers and agreements our Partner Banks and NBFCs have on offer
Ruloans has well-known Banks and NBFCs as partners in the quest to offer you affordable finance as a used car loan. Some of our partners even offer you 100% finance.
Availing a used car loan means availing finance lesser than what's required for a new car loan, and this makes for low monthly EMIs.
Used Car Loan offers you longer loan tenure of maximum 7 years for repayment.
With easy eligibility and minimum documentation, your used car loan gets approval extremely fast.
Based on your given details your loan eligibility will be ascertained
Fill out your 'Basic Details' in the application form
The Institutions will 'Verify' your Used Car Loan application, and submitted documents
Your Used Car Loan will be 'Sanctioned' and disbursed in your Bank Account - Simply Well-Organized!
One needs to meet the eligibility standards set by the lenders to avail a Used Car Loan. Depending upon individual capacities and automobile valuations, eligibility criteria for used car finance are as follows:
A Used Car Loan Calculator enables you to calculate EMI payable for the period of your loan in relation to the principal loan amount and the loan tenure. Using the EMI calculator, you are in a position to estimate a comfortable sum you are liable to repay until the maturity of your loan.
Simple to use, a Used Car Loan Calculator helps you to calculate your Used Car Loan EMIs payable to make an educated decision with constantly simplified data made available by our Partner Banks and NBFCs.
There's no need to manually enter or key in values; Move the slider to indicate your chosen numerical values based on the following parameters.
The Used Car Loan Calculator will produce results concurrently as you move the slider on the presented parameters. These calculations and results are instant and immediate on our proprietary, Loan EMI Calculator.
Used Car Loan offered by Ruloans in association with reputed Partner Banks and NBFCs are loans that can be tailor-made according to your needs and discretion. You may decide from a collection of loan alternatives that tender varying interest rates based on the value of your loan, and the tenure of your loan. Your lender decides interest rates after taking into consideration
Photo Identity Proof
Age Proof
Address Proof
Income Proof
Income Tax
Employment Proof
Automobile Related
A used car loan top up refers to a facility that allows you to access extra funds over and above your already existing used car loan. These funds are available a low rates of interest, for longer tenures, may be availed to finance your multi-purpose needs.
Availing funds for multiple needs requires you to go through the process of multiple loan applications. As an alternative to multiple debt requests, you have the option to access extra funds in the form of a used car loan top, which saves money and time, and energy. Such loans requests are easily processed for quick disbursal. Ruloans in association with reputed partner banks and NBFCs offers you hassle-free top ups. To apply now, chat, email, or call 1800 2667576 to apply for a Used Car Loan Top Up.
Varying from lender to lender, you will find that documentation for a used car loan top up happens to be at bare minimum. Experts recommend your keep all the required documents handy for instant approval. The documents required are listed below.
Duly filled Application
Passport Size Photographs
Identity Proof
Residence or Address Proof
Business Proof
Income Proof
Following are the benefits of a Used Car Loan
Car Loan Application Process
Festive time in India is celebrated with a lot of energy and happiness. People often buy gold, clean their houses redecorate them and buy new things like clothes, gadgets and even cars.
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Used Car loan has been a standout among popular loan products because it gives multiple benefits to the customer. Instead of spending exorbitant money on a new car, a second-hand car loan allows them to own a car at a lesser price and with the lowest interest rates.
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When it comes to used car loan, there is a huge demand for that as customers can purchase their dream vehicle at a lower cost. But there is a set criteria for the same and hence we have divided these as per the income and employment levels.
Read MoreI have taken a car loan through Ruloans. The car is second hand and the model was INNOVA 2018 and the loan is still active and paying the premium on an EMI basis. The rate of interest and the processing fee was nominal and they gave good service. I got to compare the car loan rates of different lenders and chose the best one.
Every day I have to travel 7 km to reach my office. Travelling through public transport cost me a lot of time so I decided to buy a used car for my comfort. I contacted Ruloans and the team collected my documents at the doorstep. Happy with the interest rate. Much recommended.
Gifted myself a car this year. For a loan my friend suggested me to go to Ruloans for the best rates. I was dubious so I wanted to seek their guidance before seeking a loan. Their experts guided me a lot and made me aware of certain hidden charges I wasn't aware of. Good loan processing, done.
