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Are you planning to buy a vehicle, but don’t have enough finances? Do you need some help? We are happy to help you here. At Droom, we can help you secure an Auto loan, which will help ensure that you tide over your personal finance issues and get your dream car. There’s no need to think so much before buying your first or next vehicle.
A vehicle is your personal asset, and if you have been waiting for long to own one, then here we go with a solution. Auto loan helps you get closer to your dream vehicle quickly; it is the fastest and the easiest way to get your vehicle. At Droom, we will assist you in getting an Auto loan from Axis Bank.
Different banks and NBFCs offer different rate of interest for different vehicles and tenures. Rate of interest also depends on whether you are applying for a new car loan or a used car loan (same goes for all automobiles).
But the most important of all is eligibility. As everyone can’t apply for loan, only eligible candidates can apply for it. Eligibility depends on age, type of profession you are in (salaried / businessmen) and income. Different banks and NBFCs have different criteria for each of them.
Maximum auto loan disbursement amount varies from 80% - 95% of the ex-showroom price depending upon the loan provider company, new or used vehicle and the credit history. The maximum term for which loan is offered by various companies varies from 5 years to 7 years. You can apply for any amount of loan capped by the maximum limit and for maximum tenure.
Lower rate of interest is something customers are most interested in. Various companies offer different interest rates that keep on varying according to the current market rate and rules of RBI (Reserve Bank of India).
Right now, at Droom, we are providing used-car and new-car loans, that will be followed by motorcycle and scooter loans later. You can take a loan for a new or used car and the company will review the documentations and amount of loan applied before approving it.
At Droom, we help you get car loan from Axis Bank, however, the choice of other banks will be added in near future.
You can visit Droom’s new car or used car page to initiate the process. It is very simple; just click on the Auto Loan button on the new car or used car page, it will lead you to a form which you need to fill up. Once you are done with filling up the form, just click on the submit button given at the bottom of the form. Once you have submitted the form successfully, you will be redirected to choose Axis Bank as your loan provider and then it will take you to the link of the bank’s website. Following these simple steps, you can apply for the loan you need to buy your dream car. So, what are you waiting for? Go ahead, and get it!
Droom helps its customers get the best loan quotation, instant loan approvals, maximum benefits, and lot more from the comfort of your home.
You will be required to submit a few mandatory documents while applying for the loan. Below is the checklist of documents required for auto loan -