For the longest of times, loans have brought us closer to our dreams, be it our homes or cars. Over the years, loan procedures have shifted online to make the process convenient and more accessible for customers. But why should one opt for a car loan online? We have listed down a few reasons for you.
Shifting from long queues to the couch!
Gone are the days of standing in long queues in front of the banks or other financial institutions, now, you can apply for loans from the comfort of your living room. The online space has also given us an opportunity to compare the loan options available on different platforms. We can opt for the most affordable or flexible loan options, without the hassle of jumping from one bank to another.
Filling multiple forms can be a tedious job for any individual. Car loans usually require minimal documentation. These documents can be easily uploaded along with the online form. Filling forms online takes away the hassle of going back to the bank to submit them. So, sit back and relax, until your loan is approved.
Disbursals in a jiffy
Online documentation gives way to a faster and simpler verification process which in turn helps in faster disbursals of car loans. You can choose to receive constant updates about the verification process on your phone, post which, the disbursal amount is sent directly into your bank accounts.
The chances of your documents getting mishandled or misplaced are next to 0, when your application is online. Banks and other financial institutes also use multi-factor authentication to ensure that only the authorized individuals are allowed to access your documents.
Online EMI calculator
Calculating your EMI has never been this easier. There are several platforms online for calculating your car loan EMIs. All you need to do is enter 3 details - the loan amount, tenure, and the interest rate, and get your results instantly. This might seem like an unnecessary process, but helps you in looking for suitable loan options.
24*7 Customer Support
Say goodbye to rushing to the bank to make sure your queries are answered. Get instant updates or track your loan status by calling the customer support personnel or visit the lender’s website.
Kuwy is an all-inclusive platform to sort all of your car-buying hassles. You can check your loan eligibility, find the best deals, the perfect lender-dealer matches, instant loan approvals, easy documentation and the fastest loan disbursals, all-in-one place! Visit www.kuwy.in or download the Kuwy app now!