- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Used Car Loans in Ayodhya
Ayodhya is experiencing significant urban development and improved connectivity. This growth has sparked a rising demand for personal vehicles as residents seek efficient and economical transportation options. For many, purchasing a pre-owned car offers an ideal balance of quality and affordability. Used car loans provide the financial support needed to acquire a reliable vehicle without straining one's budget. Shriram Finance provides used car loans in Ayodhya with competitive interest rates and easy repayment plans. Our loan options cater to various financial backgrounds, making car ownership accessible to both salaried individuals and self-employed professionals. With quick approvals and minimal documentation, Shriram Finance simplifies the process of securing a used car loan.
Used Car Loan Types in Ayodhya
Shriram Finance provides various used car loan types in Ayodhya to cater to different customer needs. Choose the loan type that best aligns with your financial goals and benefits.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Ayodhya
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Easy Online Application
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Ayodhya
Shriram Finance delivers used car loan interest rates in Ayodhya starting from 10%* p.a., offering competitive financing choices. Our rates are created for manageable repayments, fitting with your money plan. Below, you'll see a detailed list of the key charges and fees linked with our used car loans:
| 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 |
Try our second-hand car loan EMI calculator to work out your monthly payments and interest rate for a used car loan. This tool helps you handle your finances well before applying.
How to Use the Used Car Loan EMI Calculator
Just enter your loan amount and repayment period in the pre-owned car loan calculator to get a quick EMI estimate. This lets you compare different loan plans and pick the one that best meets your financial goals.
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 Ayodhya
Shriram Finance gives you a way to get money by using your car's current value, through refinancing, without having to sell it. This allows access to needed cash for various financial needs; while still letting you use your vehicle. We offer refinancing options with competitive interest rates and adjustable repayment plans. Note that this service only applies to vehicles that don't have any current loan obligations.
Eligibility and Documentation Criteria for Used Car Loans in Ayodhya
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 Loans in Ayodhya
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 Ayodhya
Shriram Finance is here in Ayodhya to help you with your used car loan journey. Use our finder tool to locate the nearest branch.
Locate Us
Used Car Loan Customer Care in Ayodhya
Our customer care team in Ayodhya is ready to solve any questions about pre-owned car loans. You can reach us by phone or visit a branch. A table with customer care details is shown below:
Used Car Loan Status in Ayodhya
To check your used car loan status in Ayodhya, sign in to your Shriram Finance account, go to the 'Loan Status' section, and input your application or loan account number. You can also call our customer service team or visit a branch for updates. We make sure you get timely updates at every stage of your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Ayodhya?
Yes, you can get financing for used cars from Shriram Finance with suitable loan options.
What are the eligibility criteria for a used car loan in Ayodhya?
To be eligible for a used car loan, you need to be an Indian resident aged 21* to 59* years at loan maturity, with income eligibility based on vehicle model, age, and loan term.
What is the interest rate on a used car loan?
Our used car loan interest rates start at 10%* p.a., with the final rate affected by several factors.
What documents are required for a used car loan in Ayodhya?
Documents needed for a used car loan include an application form, KYC documents, income proof, bank statements, and the vehicle's registration certificate. However, the exact documents required may change based on your loan profile.
What is the processing fee for a used car loan?
The processing fee charged by Shriram Finance for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Ayodhya?
You will need to make a down payment of 15%*, as we finance up to 85%* of the car's value.
Can I apply for a used car loan online in Ayodhya?
Yes, you can apply for a used car loan online in Ayodhya using the Shriram Finance website or the Shriram One app, following a simple application process.
What is the maximum loan amount I can get for a used car in Ayodhya?
Loan amounts go up to 85%* of the car's valuation, with a minimum of ₹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.