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Renault Car Finance

Renault finance started its operations in India through its subsidiary Renault India Pvt. Ltd., in the year 2005. Renault is a well-known International brand in the world of automobiles. Their cars are specifically designed keeping in mind the need for comfort, style, elegance and speed. Renault cars are generally considered elitist and are typically special utility vehicle and sedan cars. Renault finance has helped reach out to many more Renault enthusiasts who would otherwise not be able to fund their dream Renault cars.

Renault car finance is extended to all Renault cars marketed and distributed in India. The cars marketed and distributed in India include Fluence, Pulse, Scala, Kwid, Lodgy, Duster, Kuleos, Captur.

What are the advantages of having Renault Finance in India?

Renault finance has gained significant foothold in India. It is sort after brand and is perceived as a status symbol. It is considered to be ideal for long distance travel. With many corporates moving to outskirts of city, the travel time to work either side has increased. People prefer using luxury cars / SUVs which offer comfort, speed and has latest technology built into it. Renault finance has enabled many individuals to buy this car, by providing high quantum of loan-to-value.

Renault finance has also helped Renault (car brand) expand its presence significantly in India. It mainly caters to the urban strata of India, with limited exposure to semi-urban / rural. Further, Renault finance offers customized, innovative and practical solutions to its customers based on their financial needs. The service provided by both Renault cars and its financial arm has been reviewed positively by its existing customers. Renault finance has designed various financial products keeping in mind the type of customers it caters to. The financial products / solutions are customized for Indian audience. They have presence in over 36 countries and have customized solutions to suit their audience in each of the countries.

Eligibility for Renault car finance

Renault finance can be applied by salaried or self-employed individuals. The criteria for eligibility vary slightly for both these classes of applicants. The variation is primarily due to the nature of income and the stability thereof.

Age21 – 60 yrs25 – 65 yrs
Minimum tenure at work2 years3 years
Minimum tenure at current work / business1 yearNA
Yearly incomeRs. 2.5 LakhRs. 1.5 Lakh (net earnings)
OthersLandline or mobile connection in self nameLandline or mobile connection in self name / firm name / company name

Although, Renault cars come expensive, their eligibility criteria are very minimalist in nature. They do not have very stringent rules pertaining to number of years of experience and annual income. After the eligibility has been established, it is important to move towards documentation of loan.

Documents required for Renault car finance

The entire loan process and sanction is streamlined to ensure optimal operational efficiency. Technology has been leveraged to the maximum extent to ensure that information flow is seamless and database is maintained in a centralized manner. The loan documentation varies depending upon the type of applicant and the source of income. The below table lists the documentation required for each type of applicant –

Type of proofSalariedSelf-employed
Identity proofCopy of Passport, PAN card, Aadhar card, Voter’s ID, Driving License and legible, recent and MNREGA issued job cardsCopy of Passport, PAN card, Aadhar card, Voter’s ID, Driving License and legible, recent and MNREGA issued job cards
Address proofCopy of Passport, Voter’s ID, Aadhar card, Driving License, PAN letter and legible, recent and MNREGA issued job cards.Copy of Passport, Voter’s ID, Aadhar card, Driving License, PAN letter and legible, recent and MNREGA issued job cards
Income proofForm 16 and pay slips for the last 2 monthsIncome Tax Returns (ITR) for the last 2 years
Other documents6 Months bank statement (showing salary credit); Employee ID card (issued by employer)6 months bank statement showing earnings from business; Tax registration certificate / registration certificate issued by Government of India

The above-mentioned documents should be submitted along with completed loan application. This can be done physically at the nearest Renault finance outlet or Renault dealer. Alternatively, the same can be uploaded on the website, which can lead to e-approval of loan. Post e-approval, the documents will be verified against the originals by the representative. This will be done prior to loan sanction and subsequent disbursement.

What are key features and benefits of Renault Finance car loan?

Renault car finance offers customized solution depending on the credit profile and requirement of the individual. There are multiple benefits by availing Renault finance car loan, some of the key benefits are as mentioned below –

Loan flexibility – Renault finance offers standard loan facility or credit with loan buyback option

Add-on financial products – There are multiple add-on products available with Renault products namely - Credit Shield, Extended Warranty, Motor Insurance and Accessories. This feature is not only unique it is also indicative of higher loan – to – value. Accessories, gadgets and insurance of Renault cars can be expensive, covering these aspects will be beneficial to potential

Effective claims management – Renault finance and dealer of Renault cars provide optimal service; the insurance policy is issued immediately on loan disbursement and the claims are managed efficiently and professionally

Exclusivity of dealing with Renault cars – Renault finance deals in providing car finance exclusively to Renault cars marketed in India. Potential customers of Renault cars are likely to benefit from the exclusive offers extended by Renault finance.

Long tenure for easy repayment – Renault finance allows maximum tenure of 5 years for repayment of finance extended. This provides sufficient time for borrowers to payback EMI conveniently

How to calculate EMI for car finance from Renault finance?

Prior to applying for car loan from Renault finance, it is important to ascertain the EMI that needs to be set aside on the loan amount borrowed for the Renault car to be purchased. The website will provide an EMI calculator, based on the choice of car, loan value, credit score; the EMI will be calculated. This will provide a fair idea on the financial position. The potential borrower can conveniently plan his EMI payments to ensure that the burden is affordable and manageable over the long haul.

What interest rates are applicable on the car loan availed from Renault finance?

Renault finance is an exclusive dealer in Renault cars, thereby the best deals will be available exclusively to potential buyers of Renault cars. The interest rates are determined based on the type of applicant, the income levels, existing debt to earnings, credit score. These aspects pertain to the individual, there are other macro-economic factors like market interest rates, import cost of raw materials, price level of automobiles which will inturn affect the interest rates on car loan extended by Renault finance.

Credit score plays a very pertinent role in car loans, the higher the credit score, the better the bargain on interest rates. Also, the tenure of the loan is likely to have an impact on the interest rate. The interest rates are likely to be lower for loans with longer tenure.

While Renault does not make many festive offers like other financiers who deal with the middle-class segment / strata of society, there are occasions when exclusive offers are extended. Renault car buyers should avail such offers and lock in favorable interest rates.

Renault cars are perceived as a status symbol, with the advent of Renault finance, a larger section of the society is able to own these high-performance elitist cars.


  • Renault finance is an exclusive financier for Renault cars
  • Provides customized financial solutions to potential borrowers
  • Add-on financial products available for potential borrowers
  • Provides optimal solutions in terms of response management and claims management
  • Seamless flow of information and logistics with respect to loan processing and sanction
  • Renault has a customer care team which is available for assisting the customer on a 24 / 7 basis

Frequently asked questions

1. What are the add-on products that can be availed along with car loan from Renault finance?

Motor insurance, accessories, extended warranty and credit shield are some of the add-on products that one can avail along with the car loan from Renault finance

2. Can I check the status of loan application?

Yes. The customer care team will be able to provide the latest update on the status of the loan application. You will be required to provide reference number or name of applicant.

What is the key detriment of the maximum loan that an applicant can avail?

The income levels and the repayment capacity of the individual which is reflected in the credit score of the applicant is a key detriment of maximum loan value that can be extended to applicant.

Does the loan value also cover cost of gadgets and accessories?

Renault finance extends loan value which includes cost of gadgets and accessories. The gadgets and accessories of Renault car is typically expensive, hence extending the loan value to these aspects proves to be beneficial to clients.

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