Monday, April 13, 2020

What are the features of a four-wheeler loan?


Buddy Loan    is one of the best-opted loan aggregators that offer four-wheeler loan with lower interest rates starting from 11.99% p.a.

Imagine taking a walk on a Saturday after and coming back home with a car you were saving up for months without actually paying anything. That’s right, securing a car in today’s day and age is as easy as taking a stroll around your neighbourhood.

Technology has made applying for a car loan so easy that you do not even have to step out the door. Instead, download the Buddy Loan app, choose the amount you need to be approved, upload the necessary documents, and get a collateral-free loan within 48 hours.

Getting car finance online was never made easy or smarter before—a loan structure designed for you to own your dream car at your fingertips.

What is online car loans?

An online car loan is financial assistance provided by Banks/ Financial institutions and NBFCs with a minimal downpayment and equal instalments spread out across your loan tenure.

Feature and Benefits of Vehicle loan:

Collateral-free:

When applied through Buddy Loan   ’s instant car loan service, you do not need any form of collateral or security. However, it is subject to the lender’s discretion. Hence, we’d recommend the applicant discuss all sides at the time of approval.

Paperless documentation:

Apply for a car loan online seamlessly without having to submit any physical documents. In just a few steps, you reach the approval stage, which takes no more than 54 hours.

High chances of approval:

With our volley of lenders, the applicant has a higher chance of getting their Buddy Loan approved.

Quick Loan Disbursal:

The loan is approved within 48 hours from the time of application. The disbursal time is quick.



No prepayment charges:

Buddy Loan    does not endorse any hidden or prepayment charges on loans. We also have strict adherence when it comes to the handling of documents.

Buddy Loan doesn’t just help people with excellent credit history. We understand that it is very much possible for a person to end up with a bad credit score mostly due to unsought circumstances. We work with a blitz of lenders that are on toes to help people with all kinds of credit histories and situations.

However, a good credit score always helps applicants to avail loans at more competitive interest. 


Documents required to apply for a travel loan for salaried professional:

● Proof of Identity: Passport/Driving License/Voters ID/ Pan Card
● Proof of Residence: Leave and license agreement/ Utility Bill (not more than 3 months old)/ Passport (anyone).
● Proof of income: Last three months bank statement reflecting the salary amount.


In addition to the above documents:

● One should be an Indian citizen.
● Aged between 23 and 57 years.
● Should be an employee with an MNC, public, or private company, self-employed too.
● Should meet the salary requirement specific to their city of residence.

No comments:

Post a Comment

Featured Post

How can I get a four-wheeler loan at Buddy Loan

A loan is a way to purchase or to procure something when it is not available to the person otherwise. By use of a financial institution li...