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Used Car Loans in Bangaon
Bangaon's connectivity to Kolkata and nearby regions makes owning a car a valuable asset. Whether you're commuting for work or personal travel, a used car provides the convenience of private transport without the high cost of a brand-new vehicle. Shriram Finance provides used car loans in Bangaon , offering loan amounts starting from âı1 lakh* with flexible repayment options of up to 48 months. Our simple application process and competitive interest rates ensure that financing a pre-owned car is quick and hassle-free. Secure your loan today and enjoy the comfort of driving your own car.
Used Car Loan Types in Bangaon
Shriram Finance offers different used car loan types in Bangaon to suit various financial needs. Choose the best loan type based on your financial goals.
Pre-Owned Car Loan
Loan Against Car (Refinancing)
Features and Benefits of Used Car Loans in Bangaon
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Bangaon
Considering a pre-owned car in Bangaon? Shriram Finance offers used car loans with competitive interest rates beginning at 10%* p.a., making vehicle ownership more attainable. We also provide well-structured repayment options to simplify the financial aspects of buying a second-hand car. Please find the essential fees and charges outlined below:
| 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 |
Before applying, use our second-hand car loan EMI calculator to estimate your monthly instalments. This ensures better financial planning and loan selection.
How to Use the Used Car Loan EMI Calculator
Enter the required loan amount and tenure in the pre-owned car loan calculator to instantly generate EMI estimates. You can tweak inputs to explore different repayment scenarios and choose the best option.
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 Bangaon
Shriram Finance offers car refinancing solutions in Bangaon. With this option, you can borrow funds against your car's value. This allows you to access funds by leveraging your vehicle's value as security while keeping ownership. This facility offers competitive interest rates and flexible repayment terms. It is a suitable option for urgent financial needs if your car has no existing loan.
Eligibility and Documentation Criteria for Used Car Loans in Bangaon
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 Bangaon
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 Bangaon
Access Shriram Finance's services easily in Bangaon. Use our online branch locator to find the nearest one for help with used car loans.
Locate Us
Used Car Loan Customer Care in Bangaon
If you have any questions regarding pre-owned car financing, our customer support team is available via phone or at any nearby branch. The table below lists our contact details:
Used Car Loan Status in Bangaon
It is easy to track your used car loan status in Bangaon. Log into your Shriram Finance account, go to the 'Loan Status' section, and enter your application or loan account number. You can also call customer care or visit a branch for updates. Expect timely notifications at each step of your loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Bangaon?
Yes, Shriram Finance provides used car loans in Bangaon, making it easier to own a pre-owned vehicle with structured repayment plans.
What are the eligibility criteria for a used car loan in Bangaon?
Applicants must be Indian residents aged between 21* and 59* years at the time of loan completion. Additional factors like the car's condition and repayment tenure impact eligibility.
What is the interest rate on a used car loan?
Interest rates start at 10%* p.a., though they may vary based on the borrower's financial background and loan specifications.
What documents are required for a used car loan in Bangaon?
Basic requirements include an application form, KYC documents, proof of income, bank statements, and the car's registration certificate. Some additional paperwork may be necessary based on the loan terms.
What is the processing fee for a used car loan?
Shriram Finance charges a processing fee of up to 5%* of the total loan amount.
What is the down payment required for a used car loan in Bangaon?
A minimum of 15%* of the vehicle's value must be paid upfront, with the remaining up to 85%* covered through the loan.
Can I apply for a used car loan online in Bangaon?
Yes, Shriram Finance offers a simple online application process via its website and mobile app.
What is the maximum loan amount I can get for a used car in Bangaon?
You can secure a loan covering up to 85%* of the vehicle's value, with the minimum loan 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.