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    Renault Finance Overview

    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 in owning 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.

    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 post-paid 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 post-paid 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:

    • 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 month’s 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

    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

    Multi-Purpose Vehicle (MPV)

    • Lodgy

    Crossover and SUV

    • Duster

    • Kuleos

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

    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 at XXXX-XXX-XXXXX.

    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.

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