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Used Car Loans in Adoni
Adoni, a bustling economic centre in Andhra Pradesh, creates a scenario where private transportation becomes both a necessity and a convenience. Many inhabitants find acquiring a pre-owned vehicle to be an economical alternative to purchasing a new automobile. Used car loans in Adoni deliver the financial backing required to make these acquisitions attainable. Shriram Finance positions itself as a leading lending institution providing used car loans in Adoni, addressing the varied requirements of car buyers throughout this dynamic urban area.
Used Car Loan Types in Adoni
Shriram Finance offers Adoni customers several second-hand car loan alternatives designed to meet varying financial situations. Identify the loan category that aligns most appropriately with your specific requirements and financial standing.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Adoni
High Financing Percentage
Regular Reminders
Flexible Repayment Tenures
Competitive Interest Rates
Customised Loan Solutions
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Adoni
Shriram Used Car Loan Interest Rates in Adoni start at 10%* p.a., offering value-driven and competitive financing solutions. The interest rate is designed to facilitate manageable loan repayments, making pre-owned vehicle ownership financially accessible. Consult the summary below for a comprehensive overview of the charges and fees associated with our Used Car Loan.
| 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 |
Optimise your financial strategy by utilising our second-hand car loan EMI calculator to gauge your potential interest rate and monthly instalments ahead of submitting your loan application.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, just indicate your desired loan amount and tenure. The calculator will quickly display your monthly EMI, supporting efficient financial management. It is a practical tool designed to facilitate your loan planning. This calculator demonstrates how different loan amounts and repayment durations affect your monthly payments, allowing you to select the most suitable arrangement that aligns with your financial capabilities.
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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Adoni
Shriram Finance presents car refinancing opportunities in Adoni that allow you to extract value from your vehicle without relinquishing ownership. This financial service helps you transform your car's equity into ready cash for various monetary needs. With attractive interest rates and flexible repayment arrangements, Shriram Used Car Loan ensures you can efficiently handle your finances while continuing to use your vehicle daily. This refinancing alternative is accessible for vehicles that don't have any current loans against them, making it an ideal financial solution when you need extra capital for emergencies, investments, or major purchases.
Eligibility and Documentation Criteria for Used Car Loans in Adoni
To check used car loan eligibility online, candidates must meet the following criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Income: Requirements differ based on the vehicle's model, its age, and the selected repayment duration.
- Age: Between 21* years minimum and 59* years maximum at loan maturity.
- Residency: Available to all citizens of India.
Required Documents:- To check used car loan eligibility online, specific documentation is needed. Essential papers include:
- Vehicle Documents: Valid registration certificate and current insurance papers for the used car.
- Income Proof: Salary slips for employed individuals; ITR documentation for self-employed applicants.
- KYC Documents: Verified identity and address proof.
- Bank Statements: Recent account activity records may be requested.
Step-by-Step Application Process for Used Car Loans in Adoni
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 Adoni
Shriram Finance offers Used Car Loan services through its branch in Adoni. Key locations include:
Locate Us
Used Car Loan Customer Care in Adoni
Shriram Finance maintains dedicated customer support in Adoni for Pre-owned Car Loan related queries. For customised assistance, you can reach out via phone or visit any of our local branches. The two-wheeler loan customer care contact numbers are available below:
Used Car Loan Status in Adoni
To check your Used Car Loan Status in Adoni, log into your account via the Shriram Finance website, browse to the 'Loan Status' section and submit your application number or loan account number. You're also welcome to contact our customer care department or visit a branch near you to inquire about your loan progress. We are committed to providing you with regular updates throughout the loan processing timeline.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Adoni?
Yes, you can obtain a Used Car Loan in Adoni through Shriram Finance. Shriram Used Car Loan offers adaptable and convenient financing options for second-hand vehicles.
What are the eligibility criteria for a Used Car Loan in Adoni?
To be eligible for a Used Car Loan in Adoni, you must be an Indian resident, at least 21* years of age, and not older than 59* years at loan maturity. Income requirements vary based on the vehicle model, its age, and the selected repayment period.
What is the interest rate on a Used Car Loan?
Shriram Finance offers Used Car Loans with interest rates starting from 10%* p.a.. The exact rate may differ based on your individual financial circumstances and credit history.
What documents are required for a Used Car Loan in Adoni?
Required documents include a filled application form, the vehicle's registration certificate, personal identification documents (KYC), income verification papers, and recent bank statements. The specific document requirements may vary according to your personal profile and the loan amount sought.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan through Shriram Finance amounts to up to 5%* of the total loan value.
What is the down payment required for a Used Car Loan in Adoni?
Shriram Finance provides financing for up to 85%* of the vehicle's market value, meaning you'll need to contribute the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Adoni?
Yes, you can submit your Used Car Loan application online through Shriram Finance's official website or via the Shriram One mobile app through a straightforward process.
What is the maximum loan amount I can get for a used car in Adoni?
The maximum loan amount available for a Used Car Loan is up to 85%* of the vehicle's evaluated value, with minimum loan amounts starting from ₹1 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.