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Used Car Loan in Anand
In a city like Anand, having a personal car can make travel simpler and more convenient. Many people choose to buy used cars as a practical and affordable option. A Used Car Loan in Anand can help arrange the necessary funds to buy a second-hand car without putting pressure on personal savings. This guide will explain how Shriram Finance offers used car loans, including important details on eligibility, required documents, and repayment options.
Used Car Loan Types in Anand
Shriram Finance offers different kinds of second-hand car loan options in Anand to meet various customer needs. You can choose the loan option that suits your financial needs and current situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Anand
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Used Car Loan Interest Rates in Anand
The Used car loan in Anand offered by Shriram Finance comes with attractive interest rates starting at 10%* p.a., making them affordable and easy to manage. These competitive rates are designed to help you comfortably repay your loan without affecting your monthly budget. You can now own a pre-owned car without any financial burden. Below is an overview of the main 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 |
Use our second-hand car loan EMI calculator to check estimated interest rates and EMIs based on your loan amount and tenure. This tool helps you plan your monthly expenses and decide the right loan amount before applying.
How to Use the Used Car Loan EMI Calculator
To calculate your EMI for a Used Car Loan in Anand, simply enter your preferred loan amount and tenure in the pre-owned car loan calculator. The tool will instantly display your estimated EMI, making it easier to plan your monthly expenses.This user-friendly calculator helps you understand how different loan amounts and repayment periods impact your EMI, allowing you to select the best option based on your budget. It ensures that you can plan your finances effectively before applying for a loan.
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 Anand
Shriram Finance provides car refinancing options in Anand, enabling you to unlock your vehicle's value and access funds without selling it. This option allows you to use your car's equity to meet urgent financial needs while continuing to own the vehicle. Our refinancing plans come with competitive interest rates and flexible repayment options, making it easier to manage your finances. This facility is available only if there are no existing loans on the vehicle, making it a smart choice for those looking for additional funds without giving up their car.
Eligibility and Documentation Criteria for Used Car Loan in Anand
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:
- Bank Statements: Recent bank statements may be required.
- KYC Documents: Proof of identity and address.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loan in Anand
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 Anand
Shriram Finance has branch services in Anand to offer better service and easy access to customers. You can visit us at several key locations, including:
Locate Us
Used Car Loan Customer Care in Anand
Shriram Finance provides dedicated customer care services in Anand to assist you with all your Pre-owned Car Loan queries. You can reach out to us by calling or visiting any of our nearby branches for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Anand
To check your Used Car Loan Status in Anand, simply log in to your account on Shriram Finance website. Go to the 'Loan Status' section and enter your application number or loan account number to get the details. You can also call our customer care number or visit the nearest branch to know the status of your loan. We are committed to keeping you informed at every step of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Anand?
Yes, Shriram Finance offers a used car loan in Anand with flexible repayment plans, making it easier to purchase a pre-owned vehicle.
What are the eligibility criteria for a Used Car Loan in Anand?
To be eligible, you must be an Indian resident aged between 21* and 59* years at loan maturity. Income requirements depend on vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a., but the final rate depends on factors such as loan tenure and borrower profile.
What documents are required for a Used Car Loan in Anand?
Required documents include an application form, KYC documents, income proof, bank statements, and the vehicle's registration certificate. Additional documents may be needed based on the loan profile.
What is the processing fee for a Used Car Loan?
Processing fee can be up to 5%* of the loan amount. For details, please check Shriram Finance interest rate policy on the website.
What is the down payment required for a Used Car Loan in Anand?
Financing of up to 85%* of the vehicle's value is available. The remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Anand?
Yes, you can apply online through Shriram Finance website or Shriram One mobile app in just a few easy steps.
What is the maximum loan amount I can get for a used car in Anand?
Maximum loan amount is up to 85%* of the vehicle's value, with a minimum loan 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.