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Used Car Loan

Features & Benefits


Competitive interest rates

Competitive interest rates on used car loans start at 13%* p.a.

Higher returns

Flexible Repayments

Flexible and convenient repayment tenure of up to 48 months.

Eligibility Document

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.

Eligibility Document

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

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Used Car Loan EMI Calculator

Our Used Car Loan EMI Calculator will help determine your monthly EMIs in no time.

Loan Summary



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How to Apply for Used Car Loan?

Applying for Shriram Used Car Loan is a 4-step process – Easy, seamless and quick.

  • Step 01

    Register using your mobile number
  • Step 02

    Verify OTP
  • Step 03

    Enter personal details
  • Step 04

    Once your application has been submitted, our representative will reach out to you.

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:

Who can apply?

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 13 % * p.a.


  • Get loans starting from ₹ 1 lakh


 What is a used car loan? 

Used car loan is specifically designed to finance the purchase of a pre-owned vehicle.

What are the benefits of Shriram Used Car Loan?

Shriram Used Car Loans offer several benefits, including better financing and flexible repayment options.

How do I apply for a used car loan?

The application process for a used car loan is simple. You will need to provide contact information on our website and submit your request. Our representative will contact you to process your loan.

What factors does Shriram Finance consider when approving a Used Car Loan?

Shriram Finance typically considers a variety of factors when approving a Used Car Loan, including your income, employment history, age, etc.

How long does it take to get approved for a used car loan?

The approval process for a used car loan varies depending on the individual’s application. The loan will be approved in less than 72 hours after reviewing your application.

Can I get a Used Car Loan with low credit score?

Yes, getting a Used Car Loan with low credit from Shriram Finance is possible.

What is the maximum loan amount for a Used Car Loan?

The maximum loan amount a customer can get for a Used Car Loan is ₹10 Lakhs.

How can I get approved for a Used Car Loan?

It is important to have good credit when applying for a used car loan. You may also need proof of income and other financial documents like bank statements or tax returns to be approved.

What are some tips for getting an affordable Used Car Loan?

  • 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.


What is the average interest rate for a Used Car Loan?

The average interest rate on used cars varies depending on several factors such as your credit history, tenure of the loan requested, etc. Shriram Finance offers Used Car Loans at an interest rate starting from 13%* p.a.

Financing your used car is easy and quick