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Used Car Loan in Aligarh
For many people in Aligarh, owning a car can make daily commuting and family travel more comfortable. Choosing a used car is often a practical way to manage costs. A Used Car Loan in Aligarh provides financial support to purchase a second-hand car without putting pressure on savings. This guide will explain how Shriram Finance offers used car loan, along with key information on loan features, eligibility, and required documents.
Used Car Loan Types in Aligarh
Shriram Finance has multiple second-hand car loan options in Aligarh to help meet varied customer needs. Choose the right loan that suits your finances and needs.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used car loan in Aligarh
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Car Refinancing Options
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Aligarh
The Used Car Loan in Aligarh from Shriram Finance provide financing at competitive interest rates starting at 10%* p.a., making it easier to own a used car. These rates are structured to ensure that repayments are simple and within your budget, so you can buy a pre-owned vehicle without added financial pressure. Below is a detailed list of key charges and fees applicable to 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 try our second-hand car loan EMI calculator to get an idea of your EMIs and interest rate. This easy tool helps you plan repayments ahead of time and decide which loan option is best for you.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is quick and hassle-free. Just select your loan amount and tenure, and you will get an estimated EMI instantly. This helps you plan your loan repayments in advance. The tool also helps you compare different amounts and tenures, ensuring that you make an informed choice. It is a great way to manage your loan smoothly.
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 Aligarh
Shriram Finance provides car refinancing options in Aligarh, allowing you to access additional funds by using your car's value while still owning it. This option offers financial flexibility without requiring you to sell your vehicle. With competitive interest rates and easy repayment terms, managing repayments is hassle-free. This facility is only available if the car is not under an active loan, making it an ideal choice for those seeking quick financial assistance.
Eligibility and Documentation Criteria for Used Car Loan in Aligarh
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:- To check used car loan eligibility online, applicants must meet certain criteria. 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 Loan in Aligarh
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 Aligarh
With many branches in Aligarh, Shriram Finance is present in key city locations for easy customer access. Our offices are placed in well-known areas to help you visit us easily. Some of these locations are:
Locate Us
Used Car Loan Customer Care in Aligarh
Shriram Finance has set up dedicated customer care services in Aligarh for all Pre-owned Car Loan inquiries. You can get in touch with us over a call or meet us at a branch for personalised assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Aligarh
Checking your Used Car Loan Status in Aligarh is easy with Shriram Finance. Just log in to your account on our website and go to 'Loan Status'. Enter your loan account number or application number. You can also contact customer care or visit a branch. We keep you informed about every stage of your loan.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Aligarh?
Yes, Shriram Finance provides Used car loan in Aligarh with a simple process and fast approval. Repayment terms are flexible to suit your needs.
What are the eligibility criteria for a Used Car Loan in Aligarh?
Applicants must be Indian residents aged 21* to 59* years when the loan closes. Income depends on car type, condition, and loan time.
What is the interest rate on a Used Car Loan?
Interest rate starts at 10%* p.a. and may change based on car model, age, and borrower profile.
What documents are required for a Used Car Loan in Aligarh?
Required documents include an application form, KYC, proof of income, bank statements, and a car registration certificate.
What is the processing fee for a Used Car Loan?
Processing charges can be up to 5%* of the loan amount. For more information, please visit Shriram Finance website.
What is the down payment required for a Used Car Loan in Aligarh?
up to 85%* of the car's value can be financed. The remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Aligarh?
Yes, applications can be submitted online through Shriram Finance website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Aligarh?
Loans can be up to 85%* of the car's value, with a minimum of 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.