Apply for Used Car Loan
Udvada, a small town on the southernmost border of Udvada and Maharashtra houses the Udvada Atash Behram, a Parsi Fire Temple, wherein burns the oldest ancient continuously burning ritual fire. Parsis from Bombay make regular trips to the temple for worship, unlike non-Parsis who visit for the quiet and soothing atmosphere, and the Parsi cuisine. Udvada means ‘grazing ground of camels’. On the automobile front, Udvada’s native state of Udvada has been forecast to grow considerably, while the Indian used car market expects to grow by 12% to 14%. The pre-owned car market continues to outpace that of the new car market clocking healthy growth in Udvada. The Federation of Automobile Dealers Association attributes this to the increasing prices of new cars.
Quite a few positive Indians are taking to own cars to travel peacefully each day. Gone are those days when one had to save and wait for bargaining a car whether new or pre-owned. Ruloans, a one-stop shop for hassle-free Used Car Loans in Udvada has taken the initiative to get your car desires within your reach. Distinguished banks and NBFCs allied with Ruloans offer you Used Car Loans up to 100% of the on-road car price at practical interest rates, for tenures ranging from 1 year to 7 years, and add-on benefits. Get up and go home easy in your own personal car; Ruloans will contract you a hassle-free Used Car Loan in Udvada.
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 Udvada 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 Udvada 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 Udvada 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!