Everyone wishes to own a car which can allow them to travel anywhere at any time as per their wishes. But not everyone can possess it. Since owning a car requires higher funds, it gets tough for everyone to purchase it. In a city like Pune, owning a car is more of a requirement than a luxury because the things you need are not in walking distance always. Hence for such situations, a solution like a Used Car Loan can help people in Pune. The “Used Car Loan” is now one of the most popular loans in Pune and all over India as well. This is one of the secured types of a loan. Here, a person can avail the used car loan from any financial or banking institution like a Bank or an NBFC in Pune. All the customer in Pune has to do is clear the eligibility criteria, understand and finalize the used car loan interest rate using the loan calculator. After applying for the second hand car loan and agreeing on the interest rate, you will have to pay a certain EMI until the loan tenure is completed. What makes a “Used Car Loan” a good opportunity is how the pricing is derived. In a city like Pune, you can expect the price of a used car loan on the basis of the current market price and the condition of the vehicle. The Bank or NBFC in Pune will verify the price and maintenance of the vehicle before arriving at the final cost of the vehicle. On the basis of this final cost, the lender in Pune will decide how much used car loan amount can be given to the person applying for the loan. The lender can provide around 60-85%* of the current market price of the car. You can get a used car loan in Pune for a maximum tenure of 5-7 years* starting from 11.50%*.
Pune is the second largest state in Maharashtra. It is also one of the most important IT hubs of India. Pune is also considered as an educational hub. With the city being so interconnected, most of the necessities are not nearby and hence a person will have to travel a lot always. There are local transport options which are a relief cost wise but due to the overcrowding and unfixed timings, it’s not a good sight for people. In such a scenario, getting a used car loan in a populated city like Pune makes more sense. Costing is not the only reason why a person in Pune would want to opt for purchasing a vehicle. Having the funds for purchasing a car is tougher when compared to other expenses. Budget is the main factor and hence people opt for a second hand car instead of a new one. With second hand cars, you can get a model of your choice at a lower value. Below listed are few more reasons why you should take a used car loan in Pune;
A used car loan is suitable for the common man in India. This is plainly because the budget required is lower when compared to the new car purchase. In a used car loan situation in Pune, you can get the car model of your choice at a lower rate than the market. There are many lenders in the market that readily offer exciting offers to different types of customers.
This is perhaps the best benefit of all when a resident in Pune plans to take a used car loan. You can choose a car model as per your budget easily which would have been very costly in case it was a new purchase. The pricing of a used car loan depreciates and is calculated as per its condition, model type and also the insurance schemes.
With people readily accepting second hand cars as their own, lenders in Pune have understood this opportunity and hence have made used car loans available all throughout the city. They have ensured that anyone in Pune should be able to own a car via getting a used car loan in a hassle free manner. To make matters even better, you can renegotiate your terms in case you really have an amazing financial history ( credit score).
Like every type of loans, any person that can fulfill the lender’s criteria can apply for a used car loan in Pune. These criteria are usually defined as per the individual’s salaried or self employed status alongside their income and financial history. There are many lenders in the market that have their personal set criteria. Hence the customer might get confused. Keeping this in perspective, we have created a simple generic list which will include a list of documents. This one shall cover a majority of the documents needed while applying for a used car loan in Pune.
Apart from these three mandatory requirements, Banks & NBFCs have set criteria for different income classes like: Salaried Person and Self-Employed Professional.
Apart from the eligibility criteria for salaried and self employed professionals, they also need to furnish a set list of documents. This list also varies between lenders. Hence the possibility of a customer being confused is high. So we have come up with a generic list of documents both; for salaried and self employed. This can help the person arrange for maximum documents at the earliest.
Ruloans is India’s leading loan distributors. With our expertise since the past 2 decades, we have ensured an experience which the customer will benefit from. We have helped them borrow right and get the best deal always. That’s why our motto is to work and provide services to our customers that are much more than money. Whether it is Pune, Mumbai or any other city, Ruloans has touch base in almost all major cities. As an applicant, you can expect to apply for a used car loan in Pune just by logging on to our web portal. Here you will have to search for the page “Used car loan in Pune” and then wait for our telecallers to get in touch with you.
No one likes a process which is long, confusing and irritates the customer. Hence using our decade old experience, we have created an efficient process where the customer can apply for the used car loan easily.
We have witnessed a lot of trends in this market since the past 2 decades. Hence using this experience we have created a space where customers can check all of the offers and deals by lenders in just one page. That’s our USP.
When you compare loan options on our portal, you need not visit different pages. You shall get all the information in one page. This will help you save a lot of time.
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.
At Ruloans, customer privacy is of the utmost importance. With state of the art technology and our experience, we ensure your data is safe from any breach.
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 firstname.lastname@example.org