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:14th November, 2025
- Updated:14th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan
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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.
Read More - Posted:14th November, 2025
- Updated:14th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 1820
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.
Read More - Posted:14th November, 2025
- Updated:14th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 1815
Vehicle loan EMI calculators are readily available for used car loans on the websites of most lenders as well as many financial websites.
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- Updated:14th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 1485
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.
Read More - Posted:13th November, 2025
- Updated:13th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 228
Here’s what’s up with the processing fee for a pre-owned car loan. Expect a one-time fee—usually between 1% and 3% of your total loan amount.
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- Updated:13th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 212
Used car loans in India are available with different repayment tenures to meet the financial situation that the borrower is in.
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- Updated:13th November, 2025
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https://www.shriramfinance.in/financial-faqs-used-car-loan - 195
Yes, you can buy a wide range of cars with a used car loan in India.
Read More Popular FAQs
- Can I use collateral other than the car itself?
- Can I use business income proof for a personal car loan?
- Can I take a loan for a car under company ownership?
- Can I negotiate the used car loan interest rate before final approval?
- Can I get a used car loan for vintage or classic cars?
- Can I get a loan for a car that’s already under hypothecation?
- Can I get a loan for a car older than 10 years?
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Most Viewed FAQs
- How do I check my loan balance?
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- How do I sign up for a rewards program?
- Are there any restrictions on using earned rewards?
- Can I transfer my rewards to someone else?
- Do rewards programs have expiration dates for earned rewards?
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