Motor vehicle Loan
This loan is given to individual who wishes to purchase second-hand cars/Bajaj for personal use or Business (Uber driver). Radiance finance will pay to direct the seller and have co-ownership of the vehicle with the borrower
- The company will only accept vehicles and Rickshaw which are Brand new or Second-hand personal vehicles manufactured within the last 10 years.
- The loan will be given against salary or in case of entrepreneurs the client should show his Cash flow and source of income (reliable income).
- Charging (joint registration) and valuation cost is to be borne by the loan applicant.
- The interest rate is 3% per month.
- The maximum repayment period is 36 months.
- Security options: Motor Vehicle Logbook.
- Quick loan processing: 48 hours