Used Car Loan
Shriram Finance recognises the significance of purchasing a car and provides adaptable and convenient financing options for individuals interested in buying a used car. With our easy and flexible Used Car Loan options, you can be assured that your car purchasing process will be simple and hassle-free. Our loans come with attractive interest rates and repayment options tailored to your budget. Shriram Pre-Owned Car Loan application is quick and easy. Apply for Shriram Used Car Loan today and make your dream car a reality.
Quick facts
Features & Benefits
Competitive interest rates
Competitive interest rates on used car loans start at 10%* p.a.
Flexible Repayments
Flexible and convenient repayment tenure of up to 48 months.
Up to 85% financing on Used Car’s Value
Get up to 85% financing on a Pre-Owned Car based on eligibility.
Easy to Apply
With our simple online application process, you can apply in just a few clicks.
Minimal Documentation
With minimal documentation required, you can get the loan quickly and easily.
Quick Approvals & Disbursals
Enjoy the convenience of financing your second-hand car with fast approvals.
Regular Reminders
Get timely notifications, so you never miss a payment
Used Car Loan EMI Calculator
Our Used Car Loan EMI Calculator will help determine your monthly EMIs in no time.
How to Apply for Used Car Loan?
Applying for Shriram Used Car Loan is a 4-step process – Easy, seamless and quick.
Eligibility Criteria & Documents Required
Eligibility for a Pre-Owned Car loan from Shriram Finance depends on the individual and the vehicle. The essential eligibility criteria are as below:
Salaried Individuals
All Indian residents
Minimum age of 21 years
Maximum age of loan maturity at 59 years
Income requirement as per the vehicle model, vehicle age and repayment tenure
Self Employed
Minimum age of 21 years
Maximum age of loan maturity at 59 years
Income requirement as per the vehicle model, vehicle age and repayment tenure
Required Documents
Application Form
Registration Certificate of Vehicle
KYC Documents
Interest and Charges
Interest Rates
Shriram Second-Hand Car Loan Interest Rate starts at 10%* p.a.
Loan
Get loans starting from ₹ 1 lakh
For interest rate and applicable Fees/charges, please refer our interest rate policy : Interest Rate Policy
FAQs
Yes, getting a Used Car Loan with low credit from Shriram Finance is possible.
- Pay off any existing debt before applying to improve your chances.
- Make sure your credit score is up-to-date before submitting an application.
- Consider making a larger down payment, which will reduce monthly payments.