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.

How does a four-wheeler loan work?

In India, buying a car is considered a full-blown event where families gather around, click pictures, perform the early rituals, and handout sweets. These special moments along with the lowest interest from Buddy Loan encourages many of our customers to apply for a car loan.

Applying for a car loan online is made easy with Buddy loan with interest rates starting at just 11.99% p.a. And a secure tenure for repayment from 6 months to 5 years.

While passenger cars have seen a fall in 2019, personal cars (SUV) sales have seen a rise of 05%. With that, there has been an increase in the number of individuals financing their cars.

A lot has been made easier when you apply for a vehicle loan through Buddy Loan. Many people consider car financing online because it is quick and effective instead of going through the hassle of visiting lenders personally and answering unrelated questions.

Best car loans are collateral-free. Hence, we have the most transparent process through which one can acquire a loan with minimum documents.

Buddy Loan doesn’t just help people with great 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. 

Buddy Loan processes up to Rs. 15 lakhs and has easy EMI repay options starting from 6 months to 5 years. We have disbursed instant car loans across India with the help of our lenders. Therefore, one is more likely to get approval within 48 hours with competitive interest rates along with a great deal on insurance.

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

● Proof of Identity: Passport/ Voters ID/ Driving License/Pan Card

● Proof of Residence: Leave and license agreement/ Passport/ Utility Bill (not more than three months old) 

● 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.

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.