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Used Car Loan in Aurangabad
In Aurangabad, owning a car can make daily travel more convenient, whether for work or personal use. Many people prefer purchasing a used car to manage costs effectively. A Used Car Loan in Aurangabad can help arrange the required funds to buy a second-hand car without putting a strain on savings. This guide will explain how Shriram Finance supports customers through used car loans, including key details on eligibility, documents, and repayment options.
Used Car Loan Types in Aurangabad
In Aurangabad, Shriram Finance provides multiple second-hand car loan solutions designed to meet diverse customer requirements. Choose the loan type that best accommodates your specific needs and financial circumstances.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Aurangabad
Flexible Repayment Tenures
Regular Reminders
Competitive Interest Rates
High Financing Percentage
Car Refinancing Options
Customised Loan Solutions
Easy Online Application
Dedicated Customer Service
Used Car Loan Interest Rates in Aurangabad
Shriram Used Car Loan Interest Rates in Aurangabad start at 10%* p.a., presenting cost-effective and competitive financing packages. Our interest rate structure is crafted to support comfortable loan repayments, keeping pre-owned vehicle purchases financially viable for you. Review the summary below for essential details about 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 |
Plan your finances effectively by using our second-hand car loan EMI calculator to estimate your potential interest rate and monthly payments before proceeding with your loan application.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, simply specify your chosen loan amount and tenure. The calculator will promptly display your monthly EMI, helping you plam your finances effectively. It is a user-friendly tool intended to guide your loan preparations. This calculator illustrates how adjusting loan amounts and tenure options impacts your monthly instalments, allowing you to identify the most appropriate arrangement that fits within your budget requirements.
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 Aurangabad
Shriram Finance offers car refinancing options in Aurangabad, allowing you to leverage your vehicle's value for immediate funds without having to sell it. This service helps you to use your car's equity to access immediate funds which can be useful for various financial needs. Our refinancing solutions provide competitive interest rates and flexible repayment options so that you can effortlessly manage your finances while keeping your vehicle. This option is available if there are no existing loans on the vehicle, making it a practical financial solution for those needing additional funds.
Eligibility and Documentation Criteria for Used Car Loans in Aurangabad
To check used car loan eligibility online, applicants must satisfy these criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Residency: Accessible to all Indian residents.
- Age: Minimum 21* years, not exceeding 59* years when the loan concludes.
- Income: Specific requirements vary according to the vehicle model, its age and selected repayment term.
Required Documents:- To check used car loan eligibility online, specific paperwork is essential. Key documents include:
- Bank Statements: Recent financial transaction records may be necessary.
- Vehicle Documents: The used car's registration certificate and valid insurance details.
- KYC Documents: Verified proof of identity and current address.
- Income Proof: For employed individuals, salary documentation; for self-employed applicants, income tax returns.
Step-by-Step Application Process for Used Car Loans in Aurangabad
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 Aurangabad
Shriram Finance has branches in Aurangabad to serve you better. Key locations include:
Locate Us
Used Car Loan Customer Care in Aurangabad
Shriram Finance offers dedicated customer care services in Aurangabad for Pre-owned car Loan queries. You can call us or visit any branch for personalised support. Below are our used car loan customer care numbers:
Used Car Loan Status in Aurangabad
To check your Used Car Loan Status in Aurangabad, simply log in to your account on the Shriram Finance website, navigate to the 'Loan Status' section and finally enter your application number or loan account number. You can also call our customer care number or visit a branch to inquire about your loan status. We strive to keep you updated throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Aurangabad?
Yes, you can get a Used Car Loan in Aurangabad from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Aurangabad?
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 Aurangabad?
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 Aurangabad?
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 Aurangabad?
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 Aurangabad?
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 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.