Used Car Loan Financial FAQs

Secure the one of the best used car financing with our detailed FAQs. Access clear, concise information to make informed loan decisions.

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Can NRIs apply for used car loans in India?

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1103

NRIs are allowed to apply for used car loans in India, and eligibility will depend on the individual lender.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1085

Pre-approval for a used car loan is a loan offer made to select qualified customers based on their credit profile, income, and banking relationship.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1065

Many lenders offer you the option to roll in registration and insurance into your used car loan, but that will depend on the lender's policies as well as your qualifications.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1123

For a 15 lakh used car loan at a starting interest rate of 10% per annum, and a tenure of 48 months, your EMI will be exactly ₹38,043.88 each month.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1073

Choosing between a new car loan and a used car loan is entirely dependent on your financial position, your comfort with long-term costs, and what you want out of your next car.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
1067

Vehicle loan EMI calculators are readily available for used car loans on the websites of most lenders as well as many financial websites.

Posted:14th November, 2025
Updated:14th November, 2025

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https://www.shriramfinance.in/financial-faqs-used-car-loan
741

Securing the best interest rate on a used car loan requires some planning and research. Follow these steps to help you to maximise your chances of getting the best interest rate.