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Shriram Used Car Loans

Used Car Loan in Asansol

Owning a car in Asansol can make daily commuting and family travel much easier. For many people, buying a used car is a more affordable choice, but arranging funds for it may require financial assistance. A Used Car Loan in Asansol can help manage the cost of purchasing a second-hand vehicle without affecting savings. In this guide, we will cover how Shriram Finance offers used car loans, along with information on eligibility, documents, and loan features.

Used Car Loan Types in Asansol

Shriram Finance offers various second-hand car loan choices in Asansol to suit different customer needs. Select the loan type that best fits your needs and financial plans.

Pre-Owned Car Loan

Pre-Owned Car Loan

This loan lets you buy used cars with up to 85%* of the car's value as funding.
Loan Against Car (Car Refinancing)

Loan Against Car (Car Refinancing)

You can get money based on your car's value if there is no running loan on it. This is a good option to meet urgent cash needs without selling your car.

Features and Benefits of Used Car Loan in Asansol

The features and benefits of a Used car loan in Asansol offered by Shriram Finance are designed to make it easier for customers to buy a used car without financial stress.
High Financing Percentage

High Financing Percentage

Shriram Finance provides up to 85%* of the vehicle's value as a loan, so you don't have to arrange a big amount for the down payment.
Flexible Repayment Tenures

Flexible Repayment Tenures

You have the option to repay the loan within up to 48 months, giving you enough time and flexibility to plan your finances.
Competitive Interest Rates

Competitive Interest Rates

Starting at 10%* p.a., these interest rates make financing cost-effective and affordable for a wide range of customers.
Regular Reminders

Regular Reminders

Customers receive timely reminders to help them manage repayments on time and avoid missing any instalments.
Dedicated Customer Service

Dedicated Customer Service

A helpful customer service team is available to assist with all loan-related queries and concerns.
Easy Online Application

Easy Online Application

The process is simple, allowing you to complete your application online with just a few clicks.
Car Refinancing Options

Car Refinancing Options

Unlike a balance transfer, this feature allows you to use your car's value to secure additional funds, provided there is no current loan on it.
Customised Loan Solutions

Customised Loan Solutions

The loan is designed to suit your specific financial needs and repayment preferences, ensuring a comfortable borrowing experience.

Used Car Loan Interest Rates in Asansol

The Used Car Loan in Asansol offered by Shriram Finance comes with competitive interest rates starting at 10%* p.a., making it affordable for anyone planning to buy a pre-owned car. These interest rates are made to ensure that your monthly payments are comfortable and fit within your budget, giving you peace of mind. Below is a list of key charges that apply when you take a Used Car Loan:

Type of Fees Applicable Charges
Interest RateStarting from 10%* p.a.
Processing Feesup to 5%*
Foreclosure Chargesup to 4%*
Loan Tenureup to 48 months

You can use our second-hand car loan EMI calculator to check your estimated EMIs and interest rates before applying. This will help you understand your monthly payments and plan your finances better.

How to Use the Used Car Loan EMI Calculator

For those considering a Used Car Loan in Asansol, the pre-owned car loan calculator is a useful tool. Enter your desired loan amount and tenure, and the calculator will provide your estimated EMI instantly. This helps you prepare your finances before applying for a loan. The calculator makes it easy to see how different repayment periods and loan amounts affect your EMI. It allows you to select the best option that fits your budget, ensuring a stress-free borrowing experience.

STEP 01

Required Loan Amount

₹

STEP 02

Interest Rate

%

Min 10%

Max 42%

STEP 03

Loan Tenure
months

Min 18 months

Max 48 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 8,103

Monthly EMI

₹ 6,006

Car Refinancing in Asansol

Shriram Finance provides car refinancing options in Asansol, helping you unlock your car's value and access quick funds without selling it. This service allows you to use your car's equity to meet your financial needs while continuing to own the vehicle. Our refinancing solutions come with competitive interest rates and flexible repayment plans, ensuring smooth financial management. This option is available only if there are no active loans on the vehicle, making it a convenient choice for those in need of additional funds.

Eligibility and Documentation Criteria for Used Car Loan in Asansol

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.

  • Individual IconEligibility 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.
  • Individual IconRequired 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 Asansol

To apply for a used car loan, follow the steps below:

How To Apply

  • 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 Asansol

Shriram Finance has strategically placed branch services in Asansol to serve you better. Key locations include:

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Used Car Loan Customer Care in Asansol

Shriram Finance offers dedicated customer care support in Asansol to help you with any questions about Pre-owned Car Loans. You can either call us or visit any of our branches for one-to-one assistance. Below are our used car loan customer care numbers:

Toll Free

Used Car Loan Status in Asansol

To know your Used Car Loan Status in Asansol, simply log in to Shriram Finance website using your account. Go to the 'Loan Status' section and enter either your application number or loan account number to check the details. You can also call our customer care team or visit a nearby branch to ask about your loan status. We always strive to keep you updated during the entire loan process.

Used Car Loan in Major Cities in India

Used Car Loan in Chennai
Used Car Loan in Mumbai
Used Car Loan in Bangalore
Used Car Loan in Pune

Used Car Loan FAQs

Can I get a Used Car Loan in Asansol?

Yes, Shriram Finance provides a used car loan in Asansol with simple terms and flexible repayment options.

What are the eligibility criteria for a Used Car Loan in Asansol?

You must be an Indian resident between 21* and 59* years of age at loan maturity. Income eligibility is based on vehicle type, age, and repayment duration.

What is the interest rate on a Used Car Loan?

Interest rates begin at 10%* p.a., but the final rate depends on several factors, including loan amount and applicant profile.

What documents are required for a Used Car Loan in Asansol?

Essential documents include an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. Additional requirements may vary.

What is the processing fee for a Used Car Loan?

Processing charges can be up to 5%* of the loan amount. To check the latest details, visit the Shriram Finance website and refer to the interest rate policy section.

What is the down payment required for a Used Car Loan in Asansol?

Shriram Finance finances up to 85%* of the vehicle's value, requiring a 15%* down payment from the applicant.

Can I apply for a Used Car Loan online in Asansol?

Yes, online applications are accepted through Shriram Finance website or Shriram One app.

What is the maximum loan amount I can get for a used car in Asansol?

Loan amount can be up to 85%* of the car's market 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.