Monday, April 13, 2020

What are the uses of a four-wheeler loan?


You spy on your favourite car every morning, hoping its price would slide down a notch into your budget, and at the same time, you surf through the world wide web for the cheapest, convenient, and most useful options to buy the car of your dreams. Buddy Loan disburses instant four-wheeler loans with no collaterals and lowers interest rates based on your credit history. 

You stand at the doorway, making a wish, but it does not happen. Days, weeks, months pass your dreams remain intact, but a part of you starts second-guessing. The pursue is tiring, and a part of you observes, “is it a good idea to get a four-wheeler loan?

Yes, with Buddy Loan, applying for a car loan online is made easy and hassle-free with less or no documentation in the process. Gone are the days when you have to save up for years before even considering buying a vehicle of your own, let alone budgeting. Cars are no longer referred to as secondary purchases that required brainstorming, research, or align with the idea of buying a house first.

While the idea of buying a car means outright owning it, getting to do car finance online prevents young professionals from burning their savings. Whereas, for some, buying a car is completely off the grid as they have other transactions to fulfil every month. Hence, with our volley of lenders, payments have become manageable for those with similar transactions.

Apply for a vehicle loan on the Buddy Loan website and get instant approval with interest rates starting at 11.99%.

Best loans are collateral-free. In order to apply for a personal car loan on the Buddy Loan website, you need documents that prove your income, residence, and identity.

Unlike home loans or personal loans, car loans give us the flexibility to choose both interest rates as well as the payment mode.


The documents required are as follows:

● Proof of Identity: Voters ID/ Pan Card/ Passport/ Driving License
● Residence Proof: Utility Bill (not more than three months old)/ Passport/ Leave and license agreement (anyone).
● Proof of income: Bank statement of last three months 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.

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