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Used Car Loans in Alappuzha
Second-hand cars provide an economical solution for people in Alappuzha looking for transport options. Shriram's Used Car Loans in Alappuzha feature flexible financing, interest rates from 10%* p.a., and up to 85%* coverage of the vehicle's price. The simple and quick online application system ensures convenience. Use this guide to find out how to get a Used Car Loan in Alappuzha.
Used Car Loan Types in Alappuzha
Shriram Finance offers two versatile Used Car Loan options in Alappuzha to meet a variety of customer needs:
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Alappuzha
High Loan Coverage:
Reasonable Interest Rates:
Flexible Repayment Plans:
Payment Alerts:
Hassle-Free Online Applications:
Customised Loan Solutions:
Car Refinancing Options:
Dedicated Customer Support:
Used Car Loan Interest Rates in Alappuzha
Shriram offers competitive interest rates for Used Car Loans, starting at 10%* p.a. These rates are structured to make loans affordable while ensuring repayment schedules remain practical and stress-free.
| 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 |
To aid financial planning, Shriram provides an EMI calculator that allows borrowers to estimate their monthly instalments and potential interest charges before applying for a loan. This tool makes it easier to plan your finances.
How to Use the Used Car Loan EMI Calculator
Shriram's EMI calculator for used car loans is user-friendly and quick to use. Simply enter the desired loan amount along with your preferred repayment term. The tool will generate an estimate of your monthly EMI, helping you plan your finances effectively. By experimenting with various loan amounts and tenures, you can identify the best repayment structure for your budget.
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 Alappuzha
Shriram Finance provides advantageous car refinancing options in Alappuzha, allowing you to utilise your current car's value to access immediate funds without the need to sell it. This service is an excellent way to leverage your vehicle's worth for different financial needs. Our refinancing solutions feature competitive interest rates and flexible repayment plans, ensuring that you can manage your finances effectively while still enjoying your car. This option is available only if there are no existing loans on the vehicle, making it a practical financial solution.
Eligibility and Documentation Criteria for Used Car Loans in Alappuzha
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
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 Alappuzha
Apply for a Used Car Loan is simple; follow these steps:
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 Alappuzha
You can easily find the closest branch in Alappuzha or nearby locations by using our branch locator tool on the Shriram Finance website.
Locate Us
Used Car Loan Customer Care in Alappuzha
Shriram Finance is dedicated to providing high-quality customer care in Alappuzha, ensuring you receive expert help with all your pre-owned car loan concerns. You can reach us easily by phone or stop by one of our local branches for personalised assistance.
Used Car Loan Status in Alappuzha
To see your Used Car Loan Status in Alappuzha, safely log into your account on the Shriram Finance website and go to the 'Loan Status' section. There, enter your application or loan account number to get the latest information. Alternatively, feel free to reach out to our customer care team directly or visit one of our branches to inquire about your loan status. We are dedicated to keeping you well-informed during the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Alappuzha?
Yes, you can get a Used Car Loan in Alappuzha from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Alappuzha?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Alappuzha?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Alappuzha?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Alappuzha?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Alappuzha?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a minimum loan amount 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.