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.
- Posted:8th August, 2025
- Updated:8th August, 2025
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Yes, loans can typically be used to purchase second-hand vehicles, including milk delivery vans. Here’s a detailed breakdown of what you need to know:
Read More - Posted:8th August, 2025
- Updated:8th August, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 53
Applying for a used car loan for a dairy farm typically requires specific documentation to ensure eligibility and approval. Below is a list of documents that are generally needed:
Read More - Posted:8th August, 2025
- Updated:8th August, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 51
When a Non-Resident Indian (NRI) applicant decides to return to India permanently, the status of their used car loan is typically influenced by the terms and conditions of the loan agreement.
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- Updated:8th August, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 47
Interest rates for Non-Resident Indian (NRI) used car loans vary depending on the lending institution (differs as per the terms and conditions of the financial institution), an applicant’s credit profile, and the specific loan scheme.
Read More - Posted:8th August, 2025
- Updated:8th August, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 60
The process of applying for a used car loan as a Non-Resident Indian (NRI) is relatively straightforward.
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- Updated:8th August, 2025
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Yes, Non-Resident Indians (NRIs) with a low credit score can apply for a used car loan, but it may be a bit more challenging than someone with a higher score.
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- Updated:8th August, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 46
To qualify for an unsecured used car loan, the credit score requirement can vary depending on the lender, but generally, you will need a score of at least 650 to 700 for better chances of approval.
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