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Used Car loan in Jaipur
Jaipur, also known as Jeypore, the capital city of Rajasthan was once the capital of the Princely State of Jaipur. Nicknamed the 'Pink City', and the 'Island of Glory', the city forms a part of the Golden Triangle tourist circuit. Trade promotion organizations such as the Federation of Indian Chambers of Commerce and Industry (FICCI), the Confederation of Indian Indian Industry (CII), etc., have offices in Jaipur. The city has emerged as an IT hub, companies such as Infosys, Wipro, Deutsche Bank, and others have bases in Jaipur. On the automotive front, the presence of JCB, Hero MotoCorp, and others has promoted Jaipur as an automotive hub. The pre-owned luxury car market in Jaipur has grown considerably.
Quite a few positively mobile Indians are taking to own cars to travel smiling each day. Gone are those days when one had to save and defer bargaining a car whether new or pre-owned. Ruloans, a one-stop shop for hassle-free Used Car Loans in Jaipur has reserved the initiative to bring your car needs within your grasp. Renowned banks and NBFCs connected with Ruloans offer you Used Car Loans up to 100% of the on-road car value at realistic interest rates, for tenures ranging from 1 year to 7 years, and added benefits. Get up and go home easy in your own private car; Ruloans will get you a hassle-free Used Car Loan in Jaipur.
Features and Benefits of a Used Car Loan in Jaipur
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 Jaipur at Ruloans can pay for your own car.
High-Value Auto Finance
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
Cost-effective Interest Rates
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.
Elastic Repayment Tenure
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.
Top Up Loan
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.
Rapid Disbursal
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 for a Used Car Loan in Jaipur
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 Jaipur are listed below.
Age
Your age should be minimum of 21 years, and a maximum of 68 years at Loan Maturity
Nationality
You should be a Resident Citizen of India without having defaulted on any previous loans and without any Criminal Record
Credit Score
Your credit score should be 650 or higher
Eligible Entities
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
Income
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
Work Experience or Business Vintage
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.
What are the Documents Required for a Used Car Loan in Jaipur
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 Jaipur are listed below.
Documents Required
For salaried person
- Identity Proof (Like Aadhar card, pan card, etc.)
- Address proof such as electricity bill, passport, aadhaar card, etc.
- Latest 1 year Bank Statement of Savings Account
- Last 3 months Salary Slip
- Last 2 Year Form 16
- RC and Insurance Copy
For self-employed person (PROPRIETORSHIP)
- Identity Proof (Like Aadhar card, pan card, etc.)
- Address proof such as electricity bill, passport, aadhaar card, etc.
- Latest 1 year Bank Statement of Current Account and Savings Account
- GST certificate
- Latest two-year ITR Full Set
For a self-employed individuals (Partnership Firms)
- Pan Card of Partnership Company
- Address Proof of Office (Latest Light Bill or Registered Rent Agreement with Owner Name Light Bill)
- Pan Card and Aadhaar Card of all Partners
- Partnership Deed
- Current Residence Address Proof of all Partners (Aadhaar Card Mandate)
- GST Certificate (Complete 3 Pages)
- Last 2 years ITR Full Set of the Company with the Audit Report, and 3CB and 3CD
- Last 2 years ITR Full Set of Partners
- Latest 1 year Bank Statement of all Current Accounts and OD Account if any
- Latest 1 year Bank Statement of all Partners
- All Loan Sanction Letters with Repayment Schedules
- RC and Insurance Copy
- Statement of Account (If Car on Loan then Statement of Account required)
For Self-Employed Individuals (Private Limited Companies)
- Pan Card of Company
- Address Proof of Office (Latest Light Bill or Registered Rent Agreement with Owner Name Light Bill)
- Pan Card of all Directors
- Current Residence Address Proof of all Directors (Aadhaar Card Mandate)
- MOA and AOA of Company
- CA Attested List of Documents and Shareholding Pattern
- GST Certificate (Complete 3 Pages)
- Last 2 years ITR Full Set of Company with Audit Report, and 3CB and 3CD
- Last 2 years ITR Full Set of Directors
- Latest 1 year Bank Statement of all Current Accounts and OD Account if any
- Latest 1 year Bank Statement of all Directors
- All Loan Sanction Letters with Repayment Schedules
- Statement of Account (If Car on Loan then Statement of Account required)
Note: The above documentation requirements are for indicative purposes only, and can vary from lender to lender.
How to Apply for a Used Car Loan in Jaipur ?
1
Online Application
Fill out your ‘Basic Details’
2
Document Submission
After you receive your 'Used Car Loan Eligibility', choose your 'Financial Institution', and upload 'Required Documents'
3
Verification
The Institutions will 'Verify' your Used Car Loan application, and submitted documents
4
Approval
Your Used Car Loan will be 'Sanctioned'
5
Disbursal
Receive your 'Used Car Loan Amount' in your Bank Account - Simply Efficient!
