Surat which is arguably the richest city in India has been one of the most growing cities in the world in this past decade. So much so that it was awarded as the 4th most growing city in the whole world in the year 2016. The per capita income of Surat along with the business mindedness makes this place attractive for work prospects all over India. People who work in Surat utilize the available transport options to move around the city and also to help them reach their workplace and toward home. But the options are limited for the audience that needs to travel. This might result in people missing out on reaching their workplace on time. Apart from work, even roaming around and outside the city requires travel options and not getting to go where you want according to your timing is not a good sight. So keeping all this in mind, we have found out a solution which can help you solve all your troubles with regards to travel. That solution is “Used Car Loan”. With a used car loan in Surat, one can roam around in the city and even travel to work. There are many Banks and NBFCs that offer such a used car loan in Surat for a maximum period of 7 years*. The bank will only check the condition of the car and accordingly will derive the value. This value will be around 60-85%* of the car market value. The ownership of the car is with the Bank/NBFC until you repay the entire loan amount along with interest. Post the repayment; you will be the official owner of the car. Since the car loan is a secured type of a loan, you can expect a lower rate of interest. Hence this loan can be of help to many people that like cars and would want to own them.
Apart from making your travel issues go away, there are many ways how a used car loan in Surat can help people. Below we have mentioned 3 such reasons why a used car loan in Surat is necessary;
Apart from traveling, the people in Surat can opt for a used car loan because it is suitable for low budget. Yes, costing is one major factor why people choose to purchase a second hand car instead of a new car. The cost is lower as a second hand car loses its value each time the ownership changes hands. Hence you can get a good car model within your budget restrictions and save a lot of money too.
Apart from suiting your own budget, you can have the freedom of choosing your desired model. This factor is important for more than majority of car buyers. In Surat too, any person can get the used car model of their choosing and accordingly apply for a loan against that second hand car. Why does this benefit them the most? Because you get your choice of a car in lower value which helps you stay in budget and save money which can be used for future maintenance.
Used car loans found the popularity in the past decade. With the rise in such an audience, Banks and NBFCs took it upon themselves to ensure that this segment gets the full justice. Hence you will be able to apply for a used car loan all over Surat and at attractive rate of interests.
Used car loan in Surat is easily available all throughout the place and is being given by different Banks and NBFCs. In order to get a used car loan, a person in Surat will have to clear the eligibility criteria set by the Bank and 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 Surat. These are;
Once the customer fulfills these 3 requirements, they can apply for a used car loan in Surat. During the application process, there are few more criteria that the person must fulfill. These criteria are based on the income class of the person. These classes are divided into Salaried and Self employed professionals.
There are many documents that are required when a person wants to apply for a used car loan in Surat. These documents are related to two parties; the person applying and the vehicle involved. Apart from this, the documents for the person are also divided into salaried and self employed professionals. Since the number of documents is more and it varies from lender to lender, hence we have come up with a generic list. This generic list of documents will mention all those documents that exist in all lenders’ requirements. Hence people can use this list and be ready before arranging for few more documents.
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 firstname.lastname@example.org