Nagpur also known as the “Orange City” is the winter capital of Maharashtra. It has a lot of commercial and political significance all over the nation. It is also a growing city which has got a lot of people that relocate here to find work. These people use local transport in order to reach their workplace. But with lesser options, travel in the city becomes tougher and not convenient. In such cases there is either two options; either they purchase their own vehicle or use car pool services. But what if we provide you with a permanent solution? Yes, we have that solution which can solve your travel worries. That solution is “Used Car Loan in Nagpur”. With a used car loan, any person residing in Nagpur can purchase a second hand car at a lower cost. This is because the cost for a new car is very high when compared to a second hand car. Also, the loan is a short term loan which means you can only get this for tenure of 7 years*. Since the loan is secured in nature, there is a lower rate of interest available than all the other types of loans. As per the car’s condition and the market value, you can get up to 85%* of the car’s value as the loan amount.
Nagpur residents can take a used car loan to purchase a vehicle which they can use to travel all around and outside the city. But there are 3 such important reasons which makes it wise to take a used car loan in Nagpur;
Everyone prefers to purchase a vehicle which not only solves their travel issues but also is lighter on their pocket. Hence a used car loan in Nagpur can help the person stick within a budget and get the car too.
It is very tough to stick within a budget when new cars come into question because of the extended safety features and benefits. Hence people tend to overshoot their budget which hampers their finances for the next few months or years. But with a used car loan in Nagpur, not only can a person own a car of their choice, but can also check better options within their budget with the features they want.
A used car loan can easily be found in Nagpur which will help any person own a car of their choice. Banks and NBFCs have made the used car loan in Nagpur readily available. They provide many offers and deals that can be beneficial to a person opting to purchase a second hand car anywhere in Nagpur.
When a person applies for a used car loan in Nagpur, they need to understand that each bank has set criteria. This must be fulfilled first in order to be eligible to even apply for the car loan. Once the mandatory requirements are cleared, there are many more which need to be completed as per your income classes. Since the list is huge, we have created a list ourselves to make your life easier.
Once the person can fulfill these requirements, they can go ahead with the used car loan application in Nagpur. The above 3 requirements were mandatory but there are many more which a person must fulfill before the bank takes the decision of providing the person with a used car loan in Nagpur. Below we have mentioned eligibility required for salaried and self employed professionals;
There are many documents that are required by Banks and NBFCs to derive the credibility of the individual. Once these documents are analyzed the Bank will then derive the interest rate on the used car loan in Nagpur. Since the documents list is varied as per the income classes, we have created a generic list which will help the customer in keeping all documents ready.
Ruloans built by the visionary Kaushik Mehta has been one of the leading loan distribution houses since the past 20 years. With customer service and satisfaction being the utmost requirement and our philosophy, we have been successful in our venture and have served customers in all the major cities in India. We now have expanded into credit card operations in Dubai. We believe in helping each customer get the deal they deserve and ensure that the process is smooth in the process. With this there are many reasons why we believe it is right to take a used car loan from us in Nagpur. Here are the top 5 reasons of the same;
When a customer wants to opt for a loan, the last thing they want to do is take long time in just filling the application form and more time in documentation. Hence with such problems, we have found a solution to ease the customer’s tension. Our process is hassle free in such a way that the customer can get his or her work done immediately without wasting much time.
When we began our journey in the loan field, we had our sights on customer satisfaction only. Doing that over a period of 20 years has made us one of the largest players in the market. Hence we have serviced over thousands of customers who have left on a happy note.
With our hassle free process we added a feature where the customer would find and compare different loan options of all our partnered banks in one page itself. This helps the customer in saving so much time and efforts.
We can promise you expert guidance and advice due to our exceptionally talented staff that has full knowledge of the loan products and how the market operates.
We work for the betterment of our customers and hence we ensure that their data is safe and that no tampering takes place whilst their application is being sent to the bank.
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