Renault Finance

1. You should be aged 21 and above when you apply for the loan.
2. You should be aged 60 years or below when the tenure of the loan ends.
3. You should have minimum 2 years of work experience.
4. You should have been employed with your current employer for a minimum of 1 year.
5. Your annual income should be a minimum of Rs 2.50 lakhs.
6. You should have a landline or a postpaid mobile connection in your name.

For self-employed individuals:

1. You should be aged 25 years and above when you apply for the loan.
2. You should be aged 65 years or below when the tenure of the loan ends.
3. You should have been in business for a minimum period of 3 years.
4. Your yearly profits must be a minimum of Rs 1.50 lakhs after tax deductions.
5. You should have a landline or a postpaid mobile connection in your name.

Documentation required for Renault Finance Car Loan

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

For salaried employees:

1. Identity proof: Copy of Passport, PAN card, Aadhar card, Voter’s ID, Driving Licence and legible, recent and laminated MNREGA issued job cards.
2. Income proof: Form 16 and payslips for the last 2 months.
3. Address proof: Copy of Passport, Voter’s ID, Aadhar card, Driving Licence, PAN letter and legible, recent and laminated MNREGA issued job cards.
4. Last 6 months' bank statements
5. ID card issued by your employer

For self-employed individuals:

1. Identity proof: Copy of Passport, PAN card, Aadhar card, Voter’s ID, Driving Licence and legible, recent and laminated MNREGA issued job cards
2. Income proof: Income Tax Returns (ITR) for the last 2 years.
3. Address proof: Copy of Passport, Voter’s ID, Aadhar card, Driving Licence, PAN letter and legible, recent and laminated MNREGA issued job cards
4. Last 6 month’s bank statements
5. Registration certificate of your business issued by State or Central Government authorities

Renault Finance Car Loan Interest Rates

Renault Finance offer loans in case you wish to purchase a Renault car. The interest rate will depend on your credit score, debt-to-income ratio, your income, and the applicant type.

Your credit score plays an important role in determining the interest rate. Interest rates will be low in case your credit score is high. During the festive season, Renault Finance may offer car loans at lower interest rate.

Features and Benefits of Renault Finance Car Loan

1. The car loan from Renault Finance offers you the flexibility of opting either for a standard loan or credit with Buy Back facility.
2. The loan comes with add-on products such as Credit Shield, Extended Warranty, Motor Insurance and Accessories.
3. The insurance policy is issued instantly and comes with faster turnaround times for settlement and repairs.
4. 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.
5. The loan is offered exclusively to people who want to purchase any of the cars manufactured and sold by Renault India.
6. 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:

1. Renault Kwid

1. Renault Triber

1. Renault Kiger

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

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