CAR LOAN
CAR LOAN
The ease of commute that having your own car provides is unmatched. Owning a car allows you to get to your destination comfortably and on time without having to depend on anyone. Having a car is no longer considered to be a luxury, it has become a necessity for many. Nonetheless, this novel necessity can cost quite a pretty penny. Therefore, trusted loan providers like Res-Q On Road are here to provide you with seamless car loans with minimum documentation. You can easily apply for a car loan online by simply visiting our website or downloading our app. With Res-Q On Road, you can now experience the supreme comfort of a four-wheeler and live the fast-lane life.
Owning and driving a car was once considered to be a status symbol and luxury. However, in the modern, economically increasing world, having a car is not only convenient but essential, for getting from one end of the ever-expanding city to the other.
Your dream of owning a car can still become a reality, even if you don’t have enough money for a one-time payment because there are so many financial companies that are willing to work with you to get a car loan.
When compared to other kinds of loans, getting a car loan at Res-Q On Road is rather easy. A person’s credit score doesn’t have to be perfect for them to be eligible for one of these. However, this varies from bank to bank. Car loans are not limited to purchasing brand-new cars. Aside from new car loans, Res-Q On Road also provides financing for used vehicles. We streamline the process so that you may easily buy a certified pre-owned car.
Car Loan EMI Calculator
How to apply for New & Used Car Loans?
The application process for a car loan for new as well as used cars is simple, and it can even be completed quickly and easily online at Res-Q On Road website. You may sign up for Res-Q On Road by visiting their website or downloading their personal loan app from the Google Play store. To complete your profile, you’ll need to provide some basic information. When ready, choose a loan amount, product, and terms/payment schedule.
Last but not least, upload your Know Your Customers (KYC) documents, such as proof of income (recent bank statements, last three months’ payslips, and IT returns), proof of identity (Passport, PAN, Aadhaar card, Voter’s ID, or Driving License), and proof of address (ration card/utility bills like telephone or electricity bill). Immediately following approval, the car loan amount will be transferred to your bank account.
Eligibility for Car Loan
To assess your eligibility for a car loan whether used or new, the bank or lender will likely have to check the following:
- History of your credit (based on a soft review of your credit report)
- Your income
- Your citizenship status and age
- Other financial commitments, including monthly instalments
- Your employment situation
Documents Required for Car Loan
The documents required for a car loan are listed below.
- Acceptable Proof of Identity (Passport, Driver’s License, Aadhar Card, or PAN Card)
- Documentation of your current residence such as utility bills, an Aadhar card, a driver’s licence, a passport, or similar official government-issued identification is required.
- Income Documents (last 1-month Salary Slip)
- The most recent bank statements (Last 6 Months)
Eligibility for Car Loan
To assess your eligibility for a car loan whether used or new, the bank or lender will likely have to check the following:
- History of your credit (based on a soft review of your credit report)
- Your income
- Your citizenship status and age
- Other financial commitments, including monthly instalments
- Your employment situation
Documents Required for Car Loan
The documents required for a car loan are listed below.
- Acceptable Proof of Identity (Passport, Driver’s License, Aadhar Card, or PAN Card)
- Documentation of your current residence such as utility bills, an Aadhar card, a driver’s licence, a passport, or similar official government-issued identification is required.
- Income Documents (last 1-month Salary Slip)
- The most recent bank statements (Last 6 Months)