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Having a vehicle is not only a dream but it is necessary for our daily life as well. Though it is a requirement, people want to have it but sometimes it may not be possible due to monetary issues. But to solve this issue from the core many financial companies have offered vehicle loan in India.
It is available at the commutative interest rate, flexible tenure, and easy repayment. Often the interest rate on vehicle loan may vary from one lender to another. Rupeezo has brought the best vehicle loan online at the lowest interest rate to make your dream come true.
So, have complete knowledge about all loan related eligibility, interest rate, repayment method, and many more below to understand it better.
The age of the applicant should lie between 18-60 years.
The minimum income of the applicant may vary from lender to lender but the majority of lenders consider a minimum of 3 lakhs a good year to apply for this loan.
This loan can be applied to buy any vehicle model.
It can be applied by both the salaried or self-employed.
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The interest rate on vehicle loans depends on lenders but in India, it ranges between 6.65% - 8.50%.
The financial companies offer flexible loan tenure of 84 months with an EMI repayment facility for possible loans for everyone.
Loan processing fees also vary from lender to lender as some lenders charge zero processing fees or some may charge a minimum of 0.5% on the overall loan amount.
Buying a car is a dream come true for every Indian. Nowadays it has become a necessity of life as everyone has to cover long distances from house to the workplace. In this case, a personal vehicle is not less than a boon. As the cost of cars is touching the sky, it’s not easy to buy them.
But, Rupeezo has made it possible for everyone through its online car loan. Being the best four-wheeler loan provider in India, we offer car loans at the lowest interest rate, zero processing fees, an EMI repayment facility, and flexible loan tenure to make loans possible for every individual.
Planning to buy your dream bike but money is a hurdle? Don’t worry Rupeezo is there to help you remove this hurdle from the path of your dream.
Buy the bike of your choice with the best two-wheeler loan provider Rupeezo who is always available to help you with the loan at the lowest interest rate, easy processing, and flexible loan tenure. We aim to provide loans to a maximum number of people to make life easy and stress-free.
Nowadays vehicles are the requirement of life and Rupeezo has made it possible for everyone. We have listed down the benefits of availing vehicle loans with us to help you know our loan service better.
We offer flexible loan tenure of 84 months as per your convenience. So that repayment won’t be a burden on you.
Arranging collateral can be a pressure while applying for a loan. But, an Availing loan with us keeps you pressure-free. You do not need any collateral to apply for a loan with us.
We provide an EMI payment facility to make repayment easy for you. You can choose the installment at your convenience.
You can choose the type of interest whether fixed or floating as per your wish.
A vehicle loan does not need any collateral to sanction, it processes fast as compared to other loans.
You can get the whole loan amount you have applied for with us so that you need not spend even a penny of your savings.
It is only the loan that provides you the facility to avail cash on your need. But sometimes due to low processing, high-interest rates, and many other reasons you feel uncomfortable before applying for a vehicle loan.
But, don't worry we offer loans by keeping your convenience in mind. You can get a loan easily and instantly with our online loan facility at the lowest interest rate.
Also, availing a loan with us benefits you with stress-free repayment, a hassle-free loan process, and quick money disbursal. Additionally, we offer loans at discounted interest rates to our existing customers.
A vehicle loan is full of advantages. Therefore, it is one of the most preferred loans for owning your dream without using your life savings. Even though this loan is a worthy option to take, it is advised to read all the loan related terms and conditions carefully to make yourself aware of it.
We, as your reliable loan partner, are always available to help you on your need with the fastest loan service one can ever provide. Don’t waste time searching and contact us on Rupeezo.in to get your dream vehicle right in front of your door.
What is a Vehicle loan?
A vehicle loan is a type of secured loan that is offered by financial companies in order to buy a vehicle.
Who can apply for a Vehicle Loan?
Any working professional either salaried or self-employed living in India can apply for a vehicle loan.
When can I opt for a Vehicle Loan?
When you have an urgent need for a vehicle and do not want to touch your savings, you can opt for a vehicle loan as it disburses instantly in your account.
Different types of Vehicle loans?
There are two types of vehicle loans one can avail of to meet his necessity.
What is the interest rate on car loans and two-wheeler loans?
Interest rate is the key factor of any loan. It is very important from the point of view of repayment. Though interest rates may vary from one lender to another, the majority offer the interest rate of 6.65%-8.50% on car loans and 6.85%-14.50% on two wheeler loans p.a.
What is eligibility for a Vehicle loan?
The eligibility criteria one must have to apply for a vehicle loan are-
The age of the applicant Should lie between 18-60 years.
The minimum income of the applicant may vary from lender to lender but the majority of lenders consider a minimum of 3 lakhs p.a. to apply for this loan.
This loan can be applied to buy any vehicle model.
It can be applied by both the salaried or self-employed.
Indian
How much car loan can I avail myself of?
The loan amount you can avail of may vary from one lender to another. But the majority offer car loans up to 80% of your car valuation.
How much Two-wheeler loan can I avail myself of?
You can get 80-90% of your overall two-wheeler valuation by availing this loan.