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Used Car Loans in Adilabad
Adilabad has many areas where roads can be challenging. Families often need to travel to nearby towns for shopping and services. A used car helps people manage these journeys with comfort. Used car loans in Adilabad help solve local travel needs. Shriram Finance gives used car loans in Adilabad at 10%* p.a.. We offer flexible repayment plans of up to 48 months. This makes buying a car more doable for many families.
Used Car Loan Types in Adilabad
For Adilabad residents, Shriram Finance offers tailored used car loan solutions developed to satisfy various customer requirements. Choose the loan category that most effectively addresses your needs and financial position.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Adilabad
Flexible Repayment Tenures
Competitive Interest Rates
Regular Reminders
High Financing Percentage
Customised Loan Solutions
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Adilabad
Shriram Used Car Loan Interest Rates in Adilabad start at 10%* p.a., providing affordable and competitive financing alternatives. Our interest rates are designed to enable convenient loan repayments. Below you'll find a detailed outline of the fundamental charges and fees associated with our Used Car Loan in Adilabad.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting from 10%* p.a. |
| Processing Fees | up to 5%* |
| Foreclosure Charges | up to 4%* |
| Loan Tenure | up to 48 months |
Enhance your financial strategy by accessing our used car loan EMI calculator to assess your expected interest rate and monthly obligations before submitting your loan application.
How to Use the Used Car Loan EMI Calculator
Leverage our pre-owned car loan calculator to outline your used car financing strategy. Enter your desired loan figure and select an appropriate repayment period to receive a prompt calculation of your monthly EMI responsibility. This functional resource was designed to ease your loan preparation process. It clearly demonstrates how modifications to loan quantities and tenure options impact your monthly instalments, enabling you to choose the most beneficial financing arrangement that corresponds with your fiscal circumstances.
STEP 01
Required Loan Amount
STEP 02
Interest Rate
Min 10%
Max 42%
STEP 03
Min 18 months
Max 48 months
Loan Summary
Loan
Loan Amount
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Adilabad
Shriram Finance offers car refinancing options in Adilabad, allowing you to leverage your vehicle's value for immediate funds without having to sell it. This service helps you to use your car's equity to access immediate funds which can be useful for various financial needs. Our refinancing solutions provide competitive interest rates and flexible repayment options so that you can effortlessly manage your finances while keeping your vehicle. This option is available if there are no existing loans on the vehicle, making it a practical financial solution for those needing additional funds.
Eligibility and Documentation Criteria for Used Car Loans in Adilabad
To check used car loan eligibility online, prospective borrowers need to fulfil these standards. Document prerequisites may differ based on individual profiles and financing requirements.
Eligibility Criteria:- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
- Age: At least 21* years old, not surpassing 59* years at loan conclusion.
- Residency: Accessible to all Indian residents.
Required Documents:- To check used car loan eligibility online, particular paperwork is essential. The important documents comprise:
- KYC Documents: Authorised identity and address proof.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
- Bank Statements: Recent banking records may be required.
Step-by-Step Application Process for Used Car Loans in Adilabad
To apply for a used car loan, follow the steps below:
Step 1
Visit the Shriram Finance website and register using your mobile number.Step 2
Verify the OTP sent to your mobile number to proceed.Step 3
Provide your personal information such as name, address, and contact details.Step 4
Once your application is submitted, a representative will connect with you to process your loan further.
Our Used Car Loan Branches in Adilabad
Shriram Finance has brought its Used Car Loan services to Adilabad with a borrower-friendly branch offering prompt processing and streamlined paperwork. Key locations include:
Locate Us
Used Car Loan Customer Care in Adilabad
For Pre-owned Car Loan guidance in Adilabad, Shriram Finance sustains focused customer support channels. You can acquire personalised assistance by liaising with our team or by visiting one of our conveniently located branches in the Adilabad area. Our used car loan customer service contact information is presented below:
Used Car Loan Status in Adilabad
To check your Used Car Loan Status in Adilabad, login to your Shriram Finance account online, select the 'Loan Status' option and provide your application number or loan account number. As an additional service, you may directly contact our Adilabad support team or visit your nearest branch where our staff can verify your application details through your PAN card for enhanced security. We remain focused on delivering clear, timely updates throughout your entire loan approval process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Adilabad?
Yes, Shriram Finance extends Used Car Loans in Adilabad. Shriram Finance offers flexible and convenient financing arrangements for second-hand vehicles.
What are the eligibility criteria for a Used Car Loan in Adilabad?
To qualify for a Used Car Loan in Adilabad, applicants must be Indian nationals, have reached 21* years of age, and not be older than 59* years at loan maturity. Income requirements will vary according to the specific vehicle category, its age, and your chosen repayment term.
What is the interest rate on a Used Car Loan?
Shriram Finance's interest rates for Used Car Loans commence at 10%* p.a.. Your exact rate will be determined based on several elements of your financial standing.
What documents are required for a Used Car Loan in Adilabad?
Required documentation includes a thoroughly completed application form, vehicle registration documents, KYC verification, proof of income, and recent banking statements. Document requirements may differ depending on your individual circumstances and the loan amount requested.
What is the processing fee for a Used Car Loan?
For Used Car Loans, Shriram Finance imposes a processing fee of up to 5%* of the total loan principal.
What is the down payment required for a Used Car Loan in Adilabad?
Shriram Finance offers financing for up to 85%* of the vehicle's determined value, meaning you'll need to contribute the remaining 15%* as down payment.
Can I apply for a Used Car Loan online in Adilabad?
Yes, applying for a Used Car Loan can be done conveniently through Shriram Finance's official website or via the Shriram One mobile application with minimal hassle.
What is the maximum loan amount I can get for a used car in Adilabad?
The maximum financing available for a Used Car Loan extends up to 85%* of the vehicle's appraised value, with minimum loan amounts starting from âı1 lakh*.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.