Apply for Used Car Loan
Hyderabad, the capital city of Telangana has the fifth largest urban economy in India. The city located on the banks of the Musi River has housed the winter office of the President of India since 1956. The World Bank Group ranked the city as the second best Indian city for business. On the automobile industry front, Hyderabad continues to emerge as a major automobile hub with companies such as Hyundai, and Mahindra & Mahindra having units in the economic zones. Fiat Chrysler and Maruti Suzuki are also keen to invest and operate in Hyderabad. The used car market in Hyderabad has seen major players setting up shops and refurbishing units with dealers offering financial assistance for the purchase of pre-owned cars.
Several travelling ambitious Indians are deciding to own cars to travel restfully each day. Away are those days when one had to save and postpone decisions to buy a car whether new or pre-owned. Ruloans, a one-stop shop for hassle-free Used Car Loans in Hyderabad has engaged the initiative to bring your car goals within your reach. Notable banks and NBFCs associated with Ruloans offer you Used Car Loans up to 100% of the on-road car price at rational interest rates, for tenures extending from 1 year to 7 years, and optional benefits. Rush home relaxed in your own car; Ruloans will get you a hassle-free Used Car Loan in Hyderabad.
A Used Car Loan at Ruloans involves only a modest application with relaxed eligibility and negligible paperwork. You may avail of numerous Used Car Loan features and benefits ranging from low-interest rates to flexible repayment tenures, balance transfers, top-up loans, and more. A Used Car Loan in Hyderabad at Ruloans can pay for your own car.
Our partner banks and NBFCs have the best on offer in terms of car finance. At Ruloans you have the power to avail a high-value Used Car Loan of up to 100% of the On-Road Car Price. Your travel comforts dreams are highly valued at Ruloans
Interest rates presented by our partner banks and NBFCs on Used Car Loans are the lowest rates offered by financial organizations. Our Used Car Loan bargains are amazingly cost-effective funds, which help regulate the cost of your car loan.
Our partner banks and NBFCs are the finest who offer the best in terms of money’s worth in the face of harsh and unstable financial market conditions. This allows you the opportunity to profit from the flexible repayment periods that vary from 1 year to 7 years.
Should you require more funds over and above your current Used Car Loan, Ruloans has offers that give you the option to get extra funds. The amount of course will depend on your creditworthiness, and other criteria decided by your lender.
Ruloans’ 24/7 Digital Resources make the car loan process stress-free and simple for a loan seeker. Our Used Car Loan process with relaxed eligibility and negligible documentation will astound you. With your car loan approved and disbursed quickly, you’ll be travelling in your own car earlier than you imagined.
Eligibility criteria refer to the factors that govern your qualification for a loan. Used Car Loan eligibility depends on several factors that outline your claim for a Used Car Loan. The factors are common to most banks and NBFCs, but a few may vary according to specific lender requirements. Eligibility standards play a significant role in determining the rate of interest, tenure, etc. Eligibility criteria for a Used Car Loan in Hyderabad 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 a Used 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 a 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 excited about making your Used Car Loan process a smooth and suitable affair. Documents vital for a Used Car Loan are minimal. We request you provide precise facts and credentials so that your Used Car Loan request can be handled in the shortest possible time. Documents required for a Used Car Loan in Hyderabad 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 'Used Car Loan Eligibility', choose your 'Financial Institution', and upload 'Required Documents'
The Institutions will 'Verify' your Used Car Loan application, and submitted documents
Your Used Car Loan will be 'Sanctioned'
Receive your 'Used Car Loan Amount' in your Bank Account - Simply Efficient!