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Used Car Loans in Ahmedabad
In a fast-growing city like Ahmedabad, having a personal car can make daily commuting easier. Many people prefer buying a used car as it is more affordable than a new one. A Used Car Loan in Ahmedabad offers the financial assistance required to purchase a second-hand car without using up personal savings. This guide explains how Shriram Finance helps individuals with used car loans, including important information about eligibility, documents, and repayment options.
Used Car Loan Types in Ahmedabad
Shriram Finance offers various second-hand car loan solutions in Ahmedabad to serve different customer needs. Choose the option that matches your finances and personal needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Ahmedabad
Regular Reminders
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Ahmedabad
The Used Car Loan in Ahmedabad from Shriram Finance come with interest rates starting at 10%* p.a., making car financing more affordable. These rates are structured to ensure that your loan repayments stay within your budget, allowing you to buy a pre-owned car without financial stress. Below is a breakdown of the key 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 |
You can use our second-hand car loan EMI calculator to estimate your monthly EMIs and interest rate. This easy-to-use tool helps you prepare for repayments in advance and pick the best loan plan for your financial needs.
How to Use the Used Car Loan EMI Calculator
Using our pre-owned car loan calculator is straightforward. Select the loan amount and tenure, and the calculator will display your estimated EMI instantly. This allows you to plan your repayment in advance. The tool also compares different loan amounts and tenures, helping you make the right choice. It is a practical way to ensure that your loan stays within your financial limits.
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 Ahmedabad
With car refinancing options in Ahmedabad, Shriram Finance enables you to use your car's value to obtain extra funds without selling it. This service helps you access urgent financial support while continuing to use your vehicle. We provide attractive interest rates and easy repayment plans to ensure smooth loan management. This option is available only if there are no active loans on the car, making it a useful financial solution for those in need of immediate cash.
Eligibility and Documentation Criteria for Used Car Loans in Ahmedabad
To check used car loan eligibility online, applicants must meet the following criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- Residency: All Indian residents.
- Income: Requirements vary based on the vehicle model, age, and repayment tenure.
Required Documents:- The essential documents required include:
- KYC Documents: Proof of identity and address.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loans in Ahmedabad
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 Ahmedabad
Shriram Finance has opened various branches in Ahmedabad, making it easy for people to connect with us for their loan and finance needs. Our offices are located in well-known parts of the city. Some of these locations are:
Locate Us
Used Car Loan Customer Care in Ahmedabad
For your convenience, Shriram Finance offers professional customer care services in Ahmedabad to resolve any Pre-owned Car Loan queries. You can connect with us through a call or visit our branch for assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Ahmedabad
To know your Used Car Loan Status in Ahmedabad, log in to Shriram Finance website and open the 'Loan Status' section. Enter your loan account number or application number to check the details. You can also contact our customer care team or visit any of our branches. We keep you informed throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Ahmedabad?
Yes, Shriram Finance gives Used Car Loans in Ahmedabad. Flexible repayment plans are available with a simple process and quick approval.
What are the eligibility criteria for a Used Car Loan in Ahmedabad?
You should be an Indian resident aged 21* to 59* years at loan maturity. Income depends on car model, age, and repayment period.
What is the interest rate on a Used Car Loan?
Interest rate starts at 10%* p.a., but may differ based on car age, value, and borrower profile.
What documents are required for a Used Car Loan in Ahmedabad?
You need to submit an application form, KYC, income proof, bank statements, and vehicle registration certificate.
What is the processing fee for a Used Car Loan?
Fee is up to 5%* of the loan amount. For exact fees, check Shriram Finance website.
What is the down payment required for a Used Car Loan in Ahmedabad?
Shriram Finance provides up to 85%* funding of the car value. You need to arrange 15%* as a down payment.
Can I apply for a Used Car Loan online in Ahmedabad?
Yes, you can apply online through Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Ahmedabad?
Maximum loan is up to 85%* of car value, with a minimum loan 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.