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  • Renault Finance is Rated as "Blown Away!" by 11 Users

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    Renault Finance

    Renault is one of the biggest automobile manufacturers in the world and cars manufactured by the company are very popular in India. Renault started its operations in India through its subsidiary, Renault India Pvt Ltd., in 2005. Over the years, Renault has been liked and appreciated by people around the country. Renault Finance is the financial arm of Renault that helps car enthusiasts own the Renault car that they desire.


     

    Renault Finance offers innovative, smart and practical solutions to those who need financial assistance to purchase a Renault vehicle. If you are someone who loves Renault cars, you will surely benefit from the services offered by the financial arm of Renault. With presence in 36 countries, Renault Finance offers a vast range of financial products to its clients while taking care of their car financing needs.

    Renault Finance Car Loan Eligibility

    The eligibility criteria for Renault Finance car loan are as follows.

    For salaried employees:

    • You should be aged 21 and above when you apply for the loan.

    • You should be aged 60 years or below when the tenure of the loan ends.

    • You should have minimum 2 years of work experience.

    • You should have been employed with your current employer for a minimum of 1 year.

    • Your annual income should be a minimum of Rs 2.50 lakhs.

    • You should have a landline or a postpaid mobile connection in your name.

    For self-employed individuals:

    • You should be aged 25 years and above when you apply for the loan.

    • You should be aged 65 years or below when the tenure of the loan ends.

    • You should have been in business for a minimum period of 3 years.

    • Your yearly profits must be a minimum of Rs 1.50 lakhs after tax deductions.

    • You should have a landline or a postpaid mobile connection in your name.

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    Documentation required for Renault Finance Car Loan

    The documents required for applying for a Renault Finance car loan are as follows.

    For salaried employees:

    • Identity proof: Copy of Passport, PAN card, Aadhar card, Voter’s ID, Driving License and legible, recent and laminated MNREGA issued job cards.

    • Income proof: Form 16 and payslips for the last 2 months.

    • Address proof: Copy of Passport, Voter’s ID, Aadhar card, Driving License, PAN letter and legible, recent and laminated MNREGA issued job cards.

    • Last 6 months' bank statements

    • ID card issued by your employer

    For self-employed individuals:

    • Identity proof: Copy of Passport, PAN card, Aadhar card, Voter’s ID, Driving License and legible, recent and laminated MNREGA issued job cards

    • Income proof: Income Tax Returns (ITR) for the last 2 years.

    • Address proof: Copy of Passport, Voter’s ID, Aadhar card, Driving License, PAN letter and legible, recent and laminated MNREGA issued job cards

    • Last 6 month’s bank statements

    • Registration certificate of your business issued by State or Central Government authorities

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    Renault Finance Car Loan Interest Rates

    The interest rate charged for Renault Finance car loans depends on a variety of factors and it is divulged to the buyer after processing their loan application. The interest rate will depend on your credit history, the car you opt for, tenure of the loan and other factors. Depending on the interest rate and the loan amount, the EMIs for the loan will be calculated.

    Features and Benefits of Renault Finance Car Loan

    • The car loan from Renault Finance offers you the flexibility of opting either for a standard loan or credit with Buy Back facility.

    • The loan comes with add-on products such as Credit Shield, Extended Warranty, Motor Insurance and Accessories.

    • The insurance policy is issued instantly and comes with faster turnaround times for settlement and repairs.

    • The process of applying for a car loan with Renault Finance is very simple and the processing time of the loan is very less as well.

    • The loan is offered exclusively to people who want to purchase any of the cars manufactured and sold by Renault India.

    • The loan comes with a repayment tenure ranging between 12 months – 60 months.

    How to Calculate EMI for Renault Finance Car Loan?

    Before applying for a car loan with Renault Finance, it will be a good idea to calculate the amount of money that you need to pay as monthly instalment for the loan. There are tools called EMI calculators that can be used to calculate EMIs with ease and get a fair understanding of the total cost of borrowing. You can access a car loan EMI calculator on BankBazaar.com to calculate the EMI amount for your car loan from Renault Finance. This will help you to plan your finances effectively and make sure that you do not miss any of your EMI payments.

    Cars Manufactured by Renault

    The different cars manufactured and sold by Renault India are as follows:

    Hatchback and Sedan

    • Fluence

    • Pulse

    • Scala

    • Kwid

    Multi-Purpose Vehicle (MPV)

    • Lodgy

    Crossover and SUV

    • Duster

    • Kuleos

    • Captur

    Renault Finance provides car loans for all of these vehicles manufactured by Renault India.

    Renault Finance FAQs

    1. How can I check the status of my Renault Finance car loan application?

    You can check the status of the loan by contacting the customer service team of Renault India.

    2. Can I apply for Renault Finance car loan to purchase cars made by other automobile companies?

    No, you can only apply for a car loan from Renault Finance to purchase a car made by Renault.

    3. Is there any motor insurance provided along with Renault Finance car loan?

    Yes, motor insurance called Renault Insurance is provided as an add-on with Renault Finance car loan.

    4. How can I get in touch with the customer care team of Renault Finance?

    You can get in touch with the customer care helpdesk of Renault Finance by calling at 1800-3004-4444. You can also email the customer care team at csupport.renaultfinance@nrfsi.com.

    5. What is the maximum repayment tenure offered with car loans from Renault Finance?

    Renault Finance car loans come with a maximum repayment tenure of 60 months or 5 years.

    6.What is the age limit for Renault Finance for salaried employees?

    Salaried employees within the age group 21 years to 60 years can apply for a car loan under Renault Finance. Please note that the loan tenure should selected in a way that the loan gets repaid before the borrower turns 60.

    7. What is the age limit for Renault Finance for self-employed individuals?

    Customers who are self-employed can apply for a car loan through Renault Finance  if they are a minimum of 25 years old and a maximum of 65 years old during the time the loan tenure ends.

    8. Does the car loan through Renault Finance offers any additional benefits to customers? 

    Yes, there are a number of additional benefits that come when a customer opts for a the car loan through Renault Finance such as Extended Warranty, Accessories, Motor Insurance, and Credit Shield.

    9. What should be the minimum income for salaried persons to be eligible for Renault Finance? 

    Salaried individuals applying for a Renault Finance Car Loan should have a net annual income of Rs.2.50 lakh or above along with a minimum work experience of 1 year at the present organisation.

    10.What is the income criteria for self-employed persons in order to be able to get a Renault Finance Car Loan? 

    In order to be eligible for a car loan through Renault Finance, customers who are self-employed should have a stable business for at least 3 years and must have a minimum of Rs.1.50 lakh of yearly profits.

    11.What is the minimum and maximum amount of loan I can withdraw using Renault Finance?

    There is no maximum or minimum cap in terms of the loan amount in Renault Finance Car Loan. Customers can use this financing scheme to purchase any Renault car of their dreams. The eligible loan amount is determined by checking the repayment capacity of the applicant.

    Renault Car Finance Reviews

    • Renault Finance Car Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      RENAULT FINANCE has offered me a car loan around a year ago. The customer support service was good with the RENAULT FINANCE and they have disbursed my car loan within a week time. The rate of interest and the charges are average with the RENAULT FINANCE and i am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 27, 2018
    • Renault Finance Car Loan
      "Offerdable Interest Rate"
      0.5 5.0/5 "Blown Away!"
      I got a Renault Kwid using this finances. I got the Loan immediately within 20 hours the whole process got approved and money was also disbursed within that time. Their Rate of Interest offerdable. The overall experience with them until now has been good.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Dec 21, 2017
    • Renault Finance Car Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan recently for an amount of 2.84%.Rate of interest is 9.1% for the tenure of 5 years.They took almost 7 days to credit the amount,visited only once rest were done from the banks end.Rs 400 were deducted as processing fees from the principal.Had a good experience with them.
      Was this review helpful? 1
      , kolkata
      Reviewed on Oct 28, 2017
    • Renault Finance Car Loan
      "Nice experience"
      0.5 4.5/5 "Excellent!"
      I have taken my car loan from Renault finance. The services are good as they processed my details on time. The interest rate was around 6% and the processing charges was normal. The after loan services is also good. There are no hassles overall.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 05, 2017
    • Renault Finance Car Loan
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      When I approached the car showroom, they initiated the car loan process with Renault finance with the interest rate of 9% and they agreed to provide 90% of the loan amount. Even they approved my loan application promptly. But the interest rate with ICICI is 8.75% but the response and the services are very much delayed with them so I moved to this financial institution.
      Was this review helpful? 1
      , faridabad
      Reviewed on Aug 24, 2017
    • Renault Finance Car Loan
      "Fast process"
      0.5 5.0/5 "Blown Away!"
      Renault finance completed my car loan process within a day. I expected this quick process as I needed the vehicle on time. The interest rate was also normal and the processing charges was normal too. I am happy that I did not have to struggle to get this loan through.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 06, 2017
    • Renault Finance Car Loan
      "Customer services needs to be improved"
      0.5 5.0/5 "Blown Away!"
      I had purchase Renault vehicle hence I had taken car loan from same Renault finance, they had offered some reasonable interest rate of 9.25% on car loan and they helped to get 100% loan on the ex showroom price. I had taken the amount of 4.04 lakhs, this is for a tenure of three years. Everything is good but I feel that their service has to be improved a lot.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 19, 2017
    • Renault Finance Car Loan
      "Easy loan process!"
      0.5 4.0/5 "Great!"
      Loan process was very much easier with Renault Finance. As I bought a Renault vehicle, they offered me a maximum loan amount with affordable interest rate. I would suggest my friends to take renault finance if they are taking a renault vehicle. They offered me about 3.7L as the loan amount.
      Was this review helpful? 2
      , chennai
      Reviewed on May 07, 2016
    • Renault Finance Car Loan
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      The Renault finance service is good. They processed the car loan within five to seven days after submitting the document. Interest rate offered was 9.85% . There is no force closure charges for the loan . Documentation process was very smooth.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Feb 05, 2016
    • Renault Finance Car Loan
      "Excellent service.."
      0.5 5.0/5 "Blown Away!"
      RENAULT FINANCE offered me a Car loan with lower rate of interest. They offered 9.82% rate of interest and .25% is processing charges. I would say they given best service. Loan process was done within 2days. Documentary part was good and smooth.
      Was this review helpful? 1
      , indore
      Reviewed on Sep 16, 2015
    • Renault Finance Car Loan
      "Excellent!!!"
      0.5 4.5/5 "Excellent!"
      I took a car loan from Renault finance by which they within 1.5 days they finish the formalities and allowed me a take a car. Interest rate offered was 10.25% which is higher and processing fee charged was Rs. 1500. The most i liked was the representative came and collected the documents, there was a good follow up in the process in which need not to pend much time.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Jul 20, 2015
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