Raipur is a city formed in Chhatisgarh which has a lot of religious and historical importance. With such an old history there is a lot of footfall of tourists expected here. Also, there is a sharp rise in the IT and manufacturing sector here apart from education. Hence there are many people that relocate here. They use local transport to solve their travel problems and reach work or college. But since there are lesser options, people might get late or might have to travel inconveniently. Hence to solve such issues we developed a solution which can help the people in Raipur. That solution is a “Used Car Loan in Raipur”. A used car loan can help any person purchase a second hand car in Raipur and use it for travel purposes. Since this loan is a short term loan (max 7 years*) and is secured in nature, hence you can expect the interest rates to be lower than other loan types. After checking the condition of the car, the Bank would provide you with 60-85%* of the car’s value as the loan amount.
There are multiple reasons how a used car loan in Raipur can help you travel easily and make life simple. However we have rounded up to 3 main factors that concur why a used car loan in Raipur is the best solution to travel issues.
Every time a person wants to purchase a vehicle, they don’t go ahead with the initial plan because the costs involved are very high. Hence they resort to local transport options. But with a used car loan in Raipur, every income class person can get the benefit of owning a vehicle which they can call as their own. They can purchase a vehicle at a lower cost which will fit their budget.
The freedom to choose your own model is scarce when it comes to purchasing a new vehicle. Hence people would stick to their budget and end up settling with a model which would fit their budget. But all that changes when it comes to used car loans. When someone is purchasing a used car, they can opt for better car models and it all fits within the desired budget as the costs associated with a used car whether it’s the purchase cost or insurance is lower than that of a new car.
No one today looks at second hand cars as downgraded or useless cars. The concept of used cars has evolved with time. Now, people apply for a used car loan easily without any wrong notion or perception. Looking at this attitude, Banks and NBFCs have made used car loans as easily available all throughout the city. Any person can apply for a used car loan all over Raipur and purchase the car of their choice.
A used car loan can help many people realize their dream of getting their own car home. But in order to get this loan, there are criteria that you need to fulfill in order to get the car home. These criteria will range and differ from bank to bank. Yes, all of them do have similar criteria set for those who want a used car loan in Raipur but this changes when the income class comes into question. There are different criteria for those who belong to the salaried class and those who belong to the business OR self employed professionals class. These criteria are important so that a person can convince the bank that he is indeed worthy of getting the used car loan in Raipur from the bank.
These 3 requirements are important because without this, applying for a loan in Raipur or any other state in India is not possible and meaningless. Age, residency and income proof define the person’s credibility towards getting a loan. Apart from this as mentioned above, criteria is different as per income class of the individual. Since this can be confusing to the person applying for a used car loan in Raipur, we have made a list of documents that are similar to what you will require in all the banks.
Like the eligibility criteria, there is a list of documents that are required in order to get the used car loan in Raipur. Once there is enough documentation to support your credibility, then getting a used car loan in Raipur from any bank is very easy. There is enough documentation for both; salaried class and self employed class. Since there are so many documents required hence we have made a generic list which is required for both; salaried and self employed. This will help you prepare most of the documentation in advance.
Ruloans is one of the largest loan distribution companies in the market today. With our PAN India presence in over 500 cities all over India, we help all our customers to borrow right. Our motto is to provide services that are much more important than money. Being in this industry over 2 decades, we now have expanded our operations outside the country. Our first international venture lies in Dubai and we have begun distributing credit cards. With our experience and motivated staff, we provide customized solutions to all our customers.
No one likes to fill the loan application form, run around to search for all documents and finally hope for the eligibility to be cleared. This process is time consuming and very lengthy. Hence to ensure this does not happen to any of our customers, we have created a process which is hassle free. Here the person has minimum to do and a lot to gain.
Being in the industry for over 2 decades has given us a lot of experience and hence we know how to help our customers in borrowing right. Another advantage is of getting the best customer service from our representatives.
The USP of our web portal is that you can compare loan options of different Banks and NBFCs and choose the best deal accordingly. You don’t have to go to different websites anymore to get the interest rates anymore. With our portal, your work gets cut out.
With our staff which has more than a decade of experience, we give them expert guidance and advice. We study the trends and are always ready with answers to all our customer’s problems.
Privacy is the key in such matters. We understand that customer’s data is very important and hence we ensure it gets the highest safety possible. Your documents are only with us and then moved 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