BANK LIST
What is a Car Loan ?
Cars today are a basic utility that everyone feels the need to own. You’ve been waiting patiently and saving for that purpose. Ruloans offers you the opportunity to own a car that you would not dream to own a decade ago. Ruloans offers tailor-made car loans with exclusive features both for salaried and self-employed persons. To get your car within your reach, talk to your Ruloans Team for constructive choices via phone, email, or chat, and apply for a Car Loan to get your Ruloans’ Flexible Car Loans Advantage. Own a car you want with Ruloans team at your service!
Why Choose Us
- High Value Loans
- 90% to 100% Finance Available
- Low Interest Rates
- Flexible Loan Tenures
- Friendly EMIs
- Easy Documentation
- Quick and Simple Process
- Speedy Approval and Disbursal
- Choice of Multiple Lender Offers
- Top Up Loans Available
Car Loan - Benefits and Characteristics
- Finance for purchasing of both new and used cars
- 85% to 90% of on-road price available as finance. Some lenders also offer 100% finance depending on the vehicle on-road price
- Loans tenures range from 1 year to 7 years
- Loan value or loan amount up to three times your annual income also sanctioned
- Instant finance also offered on select cars
- Additional discounts and offers available on dealer or manufacturer-lender tieups
- Purchased car acts as collateral until completion of loan repayment
- Repayment structured on easy Equated Monthly Instalments
Avail Instant Car Finance
Cost
of Work
A car loan refers to an agreement between a borrower and a lender where the borrower requests the lender for a certain amount of money for the purchase of a car, and the lender agrees to approve and disburse that sum money. The borrower also agrees to return the borrowing with an interest agreed by both, as also in agreement with the terms and conditions of the loan.
Although most lender would not specify minimum salary, you salary must exceed a predetermined threshold as required by the lender.
You would generally apply for a car loan when you are interested in purchased a car. The same car acts as collateral to secure the loan. There are not additional collateral requirements for your car loan.
You don’t need to provide additional security for a car loan, since your car acts as collateral for borrowing.
Contact with us for any advice
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