The minimum age for applying the Vehicle Loan is 21 years.
The maximum age is 60 at the time Loan Application.
Both the salaried as well as the self-employed people can apply for the loan.
The minimum work experience for a salaried applicant is one year with a minimum salary as low as Rs. 12,000/ per month.
In the case of a self-employed, the applicant must be in the same business for at least two years.
The applicant must be living in the same address for at least one year.
The applicant should also declare their existing loan commitments, if any
There should not be any check bounces in the last 12 months of the bank statement.
There should not be any negative remarks on the Credit Report irrespective of whether closed earlier or active at the time of Loan Application.
Rakesh Credits Ltd offers many features and benefits that will suit all your financing requirements and help you purchase your dream vehicle
Rakesh Credits Ltd provides up to 60%* financing on the present Market Value of the vehicle.
Rakesh Credits Ltd offers the fastest Vehicle Loan in India with the disbursal of the loan amount in just 12 hours after your loan gets approved.
All you need to do is fill-up the Loan Application Form and give the copy of Vehicle records at the nearest Branch or you can Apply online and can upload necessary records and get your loan approval process started.
It involves a quick, easy and minimum documentation process.
You can get Loan up to 60%* of value as per valuation report for your vehicle opted to buy.
With interest starting from 12% p.a., Rakesh Credits Ltd offers competitive interest rates in the pre-owned vehicle financing market.
From the time your loan application is approved, you can check all your transaction online on the Rakesh Credits Ltd's customer portal
Please provide your personal information along with vehicle and insurance details
Once you have submitted, we will check the data and call you back
We will verify the documents and approve your application within 12 hrs
Once approved, fund will transfer to seller account by NEFT/RTGS
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