Car Loan


CAR LOANS

Whether you have chosen your next Used Car, or are just curious as to whether you qualify for a car loan, make sure you visit About Research Solutions in for the best car finance in Pune. We have access to a large range of banks, lenders, credit unions and more, which allows us to obtain fast and professional pre-approved spend limits for our clients.

We can finance other dealer’s cars, new cars and cars from private sellers.

We can get you pre-approved before you go looking for your new car so that you can shop with confidence.

We can find you next car new or used through our massive dealer network or you can search our stock holding.

When you’re looking to purchase your next motor vehicle, give About Research Solutions a call to get the best deal on a great car loan.Let our experienced team sort through the paperwork for you to get the best deal on used car finance and insurance. We welcome any applications, no matter what your circumstances.We make it easy for you get finance for your next new car through our straightforward application process. We can tailor a finance package based on your budget to meet your individual needs.We have helped many clients from diverse backgrounds and financial situations over many years.We have the kind of experience that comes from helping thousands of happy customers drive away in the car of their choice with a loan that they can afford. About Research Solutions have everything you may need including low rate car loans, and flexible vehicle finance.

FAST. EASY. EXPERT.

Let us find the right car finance for you, quickly.

Our specialist consultants will guide you through the process of selecting the most suitable secured car loan or leasing solution for your individual circumstances.

  • Free Finance Assessment
  • Low or No Document Car Loans
  • All Types of Car Loan Options
  • Interest Reducing Car Loans

Auto dealers would like to convince you that financing through them is the easiest, most convenient option… Really? Is it easier to make a long-term financial decision while under pressure from two or more sales people? How about, when a car salesman makes you feel like he’s doing you a big favour by even extending car financing in the first place?

Obtaining auto loans for great credit should not involve such hassle and discomfort. Getting the loan taken care of before you step through the dealer doors, frees you to focus on new car price, trade-in price, rebate and other dealer incentive. With pre-approved financing, car buyers can negotiate the rebate and even consider using the rebate as a down payment. Flex that buying muscle!

OUR PROCESS

  1. Simple Registration: Be a part of About Research Solutions by filling registration form.
  2. Apply One Form: Fill-up one form for all your funding requirements.
  3. Deal Done: Connect, Interact and get funded.

OUR BENEFITS

  1. 100% Secured. Automated and Intelligent Fund Raising Platform
  2. No Upfront Charges to Join the Platform
  3. Saves Time, Money and Energy to Get Financial Solutions
  4. Get Fast, Competitive and Affordable Funding
  5. No Need to Run after Banks, NBFCs or Investors

Carloans are offered by both banks and NBFCs and is one of the most sought after loans, as it has relatively longer tenure of seven years. But before you opt for that car loan, make sure to check out some crucial details which can affect your repayment schedule through the years.

Documents Required

The primary documents required when applying for a car loan are:

  • Address Proof for the City of Purchase
  • KYC Documents
  • Income Proof (Form 16 or Salary Slips for 6 months)
  • Age Proof (Minimum 18 years)
  • Photographs

Interest Rates

New car loan have interest rates that are lower than used car loans. Like homeloans, both floating and fixed interest loans are available, where banks charge a rate based on their Marginal Cost of Funds based Lending Rate (MCLR) plus an additional spread. If you think the interest rates will be coming down in future then you can opt for the floating interest rate, or to pay a fixed amount, you can stick to fixed rate loans.

For new cars, the fixed interest rate offered by banks could range anywhere between 8.5 per cent and 11.5 per cent depending on the tenure, car cost, and borrowing capacity of the individual. Pre-owned car loans and those offered by NBFCs may attract a higher interest fee. The maximum tenure to pay back a car loan is seven years, whether fixed or floating.

Processing and Other Charges

Like other loans in the market, car loans may attract a processing fee. For advance payments theremay be a pre-payment fee, and for early closure of the loan there may be a foreclosure charge attached. Make sure to check the percentage of these charges before finalising the lender.

Car Insurance

The government has made it mandatory for all car and two-wheeler owners to possess third party insurance. You can speak to your car dealer to show you choices for different car insurances. You can choose a zero depreciation policy when you buy the car as it will help you maintain its value for the next few years for future insurance claims.

Associated Costs

Carloans will in most cases only cover the ex-showroom prices and may sometimes cover additional accessories cost. Other costs, mainly road tax and insurance will have to borne by the customer. As of now a maximum of 90 per cent credit of the total cost of the car excluding road tax can be availed from banks.

Hypothecation

When you buy a car through a loan, your car is hypothecated to the lender. Hypothecation gives the right to the lender to seize your asset, if you do not pay EMIs on time. Make sure you can pay your EMIs every month without fail. Once your loan is paid off, collect the relevant documents and forms from your lender to remove the hypothecation with your RTO.

For more information about our competitive car loans, don’t hesitate to Contact the team at About Research Solutions today for an obligation-free chat.

Car Loan Enquiry