Kolkata, also known as the city of Joy is the third most productive metropolitan area in India. They are also known as the cultural capital of India. In terms of transport, they have one of the oldest railway stations operating pre independence i.e. Howrah Railway station. They also have the port of Kolkata is too old and has been used to travel while exporting and importing. Apart from this, they have the old tram rides and an underground metro service which is one of a kind and is operating since many years. People in Kolkata would use the rickshaw and the metro to travel in and around the city. But knowing how frequently people use it, it is bound to be crowded a lot more which is not comfortable for many. Hence people might get late to work and this might affect their livelihood. To ensure this does not happen, we found a solution which helps everyone in need i.e. Used Car loan in Kolkata. Taking a used car loan can help the people in Kolkata to solve their travel worries to a bare minimum. This is because the person can travel as per their own timing and can stay happy. There are many lenders in Kolkata that have been in the business of selling used car loans and would provide around 60-85%* of the car value as the loan amount. This can be used in purchasing a used car. The percentage of loan to value ratio will solely depend on two factors i.e. your credit history and the car’s condition. All you need to remember is that the ownership of the car will remain with the bank until the loan tenure ends. Once you repay the whole used car loan amount in Kolkata, then the ownership papers will pass on to you.
Why you must take a used car loan in a place like Kolkata is to make your life easier. Also, there are multiple reasons how a used car loan can be beneficial in solving your travel issues without affecting your finances. We have found out 3 such reasons why taking a used car loan fits better than buying a new vehicle altogether.
The used car loan is supposed to be a budget driven vehicle. Hence people belonging to any income class can apply for a used car loan. This is because the costing for a used car loan is comparatively lower than that for a new car. Also, you can get a good car model which would not have been possible to purchase had it been available as a new car.
One more reason why a used car loan is more beneficial is because you get to choose the car model of your choice. It often happens that when you want to purchase a vehicle, the one you want is not available because of the budget issues and then you end up settling for a lower model or a model which is fitting your budget. But when a used car loan comes into question, a person in Kolkata can opt for a model of his choice which can fit within his budget and help him save money.
One more aspect of a used car loan in Kolkata is that it is easily available all throughout the place. Yes, this happened because people started readily accepting used car loans and understand that a second hand car is not a bad car after all. Hence Banks and NBFCs have readily made available this loan so people can apply and purchase their dream car.
Every type of a loan requires a documentation process. But prior to this process, the person must prove his/her eligibility according to the Bank/NBFC. These criteria will depend on multiple factors like your personal information, financial information and job history. Analyzing these eligibility will not only help the lender understand if you are worthy of getting a loan and that you will be able to repay it without any issues. Once they are convinced, they will analyze the car’s value, documentation and finally provide you with a deal according to your capability.
Knowing how the lender operates, we have made a list of few mandatory requirements that are needed to avail a used car loan in Kolkata. These are;
When the customer will fulfill all these 3 requirements, they can easily apply for a used car loan in Kolkata. But these are not just the only requirements. There are few more criteria which are needed. Once the customer clears this criteria, the Bank will give them a used car loan in Kolkata.
Documents are a necessity as that helps the Bank in understanding if the customer is credit worthy and if he can be given a good deal on interest rates. Hence Banks and NBFCs place a lot of emphasis on documentation and KYC. There are documents required for different income classes. We have bifurcated this into salary class and self employed professionals.
Ruloans has been in the loan industry since 2 decades and has been actively serving customers all over India. We believe in helping the customers in borrowing right and providing them with services that are much more than money. With our experience, we have served all our Indian customers right and now have moved to international borders also. We have now begun work in Dubai on credit cards. Below mentioned are few reasons why you must choose Ruloans in order to apply for a used car loan in Kolkata.
Ruloans believes in Hassle free processing. This is because we want the customer to have a smooth free flow process while taking a used car loan in Kolkata. This means, the customer will spend less time in running around. They can upload their documents too which will help in faster processing.
Ruloans understands the market very well because we are here since the past 20 years. Hence we understand the market trends and also how the customers react to interest rate changes. We have touch base in more than 500 cities in India and hence applying with us will always help you get the best deal.
Our major USP is that when you visit our web portal, you can compare loan options of all our partnered Banks and NBFCs. This will help you in understanding of all the offerings in the market and how you can get the best deal. This also will help you in saving a lot of time.
It’s not easy giving guidance and advice until you’re good at your work. Our employees and advisors are good at their work and very experienced with market trends. Hence with their expertise, we help our customers in getting the deal they want and advise them accordingly. We do this free of cost always and don’t charge a single rupee from the customer.
Data Privacy is very important and hence we ensure that none of the customer’s data is shared anywhere else. Your loan application is sent directly from us to the Bank of your choice.
It is not mandatory to apply for a bank account before taking a loan from it. But if you have an account with the bank, you become eligible for a relationship discount. Some banks also provide you additional services along with relationship discount.
Yes, you can track your application via SMS and email. We also provide the facility to track your application on our website via login menu.
For your loan-related queries, you can call our representative on 1800 2667576 or mail us at email@example.com