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Used Car Loan in Amravati
Owning a car in Amravati can make every day travel more convenient, whether for work or family needs. For many, buying a used car is a more affordable way to meet this need. A Used Car Loan in Amravati helps arrange the necessary funds to purchase a pre-owned car without financial strain. In this guide, we will discuss how Shriram Finance offers Used car loan, along with important details on eligibility, documentation, and repayment options.
Used Car Loan Types in Amravati
Shriram Finance offers different second-hand car loan solutions in Amravati to suit customer preferences. Pick the loan option that matches your needs and financial capacity.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Amravati
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Amravati
The Used Car Loan in Amravati from Shriram Finance come with interest rates starting at 10%* p.a., making them a cost-effective option for buyers. These rates are structured to ensure that your loan repayments are easy to manage, helping you purchase a pre-owned vehicle without financial strain. Below is an outline 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 |
Use our second-hand car loan EMI calculator to estimate your EMIs and interest rate. This user-friendly tool helps you plan your monthly payments and choose the loan option that fits your finances.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator is a simple and effective tool. Enter your desired loan amount and tenure, and it will instantly calculate your estimated EMI. This helps you plan your repayment schedule. The tool also compares different loan options, helping you make the best decision. It is a great way to ensure your loan fits within 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 Amravati
With car refinancing options in Amravati, Shriram Finance allows you to get extra funds by leveraging your car's value while still using it. This solution helps you handle urgent financial needs without selling your vehicle. We offer reasonable interest rates and flexible repayment plans, making loan management easier. However, refinancing is only available if there is no ongoing loan on the car, making it a great option for quick access to funds.
Eligibility and Documentation Criteria for Used Car Loan in Amravati
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 Amravati
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 Amravati
Shriram Finance has built a wide network of branches in Amravati, positioned in major city locations. This helps customers reach out to us easily for their loan and financial queries. Some notable locations include:
Locate Us
Used Car Loan Customer Care in Amravati
Shriram Finance offers trusted customer care services in Amravati to assist you with any Pre-owned Car Loan questions. You can reach out to us by phone or visit a nearby branch for face-to-face help. Below are our used car loan customer care numbers:
Used Car Loan Status in Amravati
To check your Used Car Loan Status in Amravati, visit Shriram Finance website and log in to your account. Click on the 'Loan Status' section and enter your loan account number or application number to view the status. You can also call our customer care number or visit a nearby branch. We make sure you are informed about your loan progress at every step.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Amravati?
Yes, Used car loan are offered in Amravati by Shriram Finance with flexible payment options and quick approval for pre-owned cars.
What are the eligibility criteria for a Used Car Loan in Amravati?
Indian residents aged between 21* and 59* years are eligible. Income is checked based on car type, model, and loan duration.
What is the interest rate on a Used Car Loan?
Interest rate starts at 10%* p.a. but may differ depending on car age and borrower profile.
What documents are required for a Used Car Loan in Amravati?
You must submit an application form, KYC documents, income proof, bank statements, and a car registration certificate.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the total loan. Please visit Shriram Finance website to check the latest charges.
What is the down payment required for a Used Car Loan in Amravati?
up to 85%* of the car value is covered under the loan. Buyer needs to pay 15%* as a down payment.
Can I apply for a Used Car Loan online in Amravati?
Yes, online application is available through Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Amravati?
Loans are available for up to 85%* of car value, with a minimum amount ₹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.