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Shriram Used Car Loans

Used Car Loan in Bareilly

Looking to own a second-hand car in Bareilly without paying everything upfront? Used Car Loan in Bareilly from Shriram Finance can help you pay in simple monthly instalments. Whether it's for daily travel or family use, a used car can make life easier. With this loan, you can choose the car that fits your needs and budget. This guide will help you understand how the loan works and what to keep in mind before applying. You will also learn about the eligibility and documents required. Knowing these details can make your loan journey smooth and hassle-free.

Used Car Loan Types in Bareilly

Shriram Finance provides different types of second-hand car loan options in Bareilly to serve all kinds of customer requirements. Pick a loan option that matches your financial condition and personal needs.

Loan Against Car (Car Refinancing)

Loan Against Car (Car Refinancing)

You can raise money using your car's value, as long as no loan is active on it. This helps meet urgent money needs without selling your car.
Pre-Owned Car Loan

Pre-Owned Car Loan

This option helps you buy used cars with funding of up to 85%* of the car's value.

Features and Benefits of Used Car Loan in Bareilly

The features and benefits of a Used car loan in Bareilly offered by Shriram Finance are designed to make it easier for customers to buy a used car without financial stress.
Competitive Interest Rates

Competitive Interest Rates

With rates starting from 10%* p.a., the loans are affordable and reduce the overall cost of financing.
Flexible Repayment Tenures

Flexible Repayment Tenures

You can repay the loan over up to 48 months, giving you enough time to clear the dues at your own pace.
High Financing Percentage

High Financing Percentage

Shriram Finance offers up to 85%* of the used car's value as a loan, reducing the burden of making a large initial payment.
Regular Reminders

Regular Reminders

Regular updates and reminders are sent to help you stay on track with your loan instalments and manage payments smoothly.
Car Refinancing Options

Car Refinancing Options

Get extra money using your car's value, provided no loan is active. This is not a balance transfer.
Easy Online Application

Easy Online Application

A simple online process ensures a smooth application experience.
Dedicated Customer Service

Dedicated Customer Service

A trained support team is available to help at all times.
Customised Loan Solutions

Customised Loan Solutions

Loan options are tailored to suit your repayment capacity.

Used Car Loan Interest Rates in Bareilly

Shriram Used Car Loan Interest Rates in Bareilly 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
How to Use the Used Car Loan EMI CalculatorUsing the pre-owned car loan calculator is simple. Just choose your desired loan amount and tenure, and the calculator will instantly generate your estimated EMI. This helps you get a clear idea of your repayment schedule before applying. The calculator is designed to show how different loan amounts and tenures affect your EMI, helping you make a well-informed decision. It is a convenient tool to ensure that your loan fits within your financial plan.
Car Refinancing in BareillyWith car refinancing options in Bareilly from Shriram Finance, you can use your car's value to secure extra funds without selling it. This service helps you access immediate financial support while still keeping your vehicle. We offer competitive interest rates and flexible repayment terms, ensuring that you can comfortably manage your finances. This refinancing option is available only if the car is free of existing loans, making it an ideal financial solution for those in need of quick funds.
Eligibility and Documentation Criteria for Used Car Loan in BareillyTo 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:Income:

You can also use our second-hand car loan EMI calculator to know your possible interest rate and EMIs. This simple tool helps you plan your repayments and choose the right loan option.

Requirements vary based on the vehicle model, age, and repayment tenure.

Age:

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

Minimum 21* years, with a maximum age of 59* years at loan maturity.

Residency:

All Indian residents.

Required Documents:

  • Individual IconTo check used car loan eligibility online, applicants must meet certain criteria. The essential documents required include:
    • Income Proof: Salary slips for salaried individuals, and income tax returns (ITR) for self-employed.
    • Bank Statements: Recent bank statements may be required.
    • KYC Documents: Proof of identity and address.
  • Individual IconVehicle Documents:
      Registration certificate and insurance details of the used car.
    • Step-by-Step Application Process for Used Car Loan in Bareilly 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.

How To Apply
  • Our Used Car Loan Branches in Bareilly

    To serve you better, Shriram Finance has branches in Bareilly. Our branches are located in important areas, making it convenient for you to reach us. Some key locations include:
  • Used Car Loan Customer Care in Bareilly

    Shriram Finance offers special customer care services in Bareilly to handle all your Pre-owned Car Loan questions. You can contact us by phone or visit one of our branches for personal assistance. Below are our two-wheeler loan customer care numbers:
  • Toll Free

    1800 103 4959
  • 1800 103 6369

    Used Car Loan Status in Bareilly

To know your Used Car Loan Status in Bareilly, visit Shriram Finance website and log in to your account. Go to the 'Loan Status' page and enter your loan account number or application number to check the status. You can also get in touch with us by calling our customer care number or visiting any of our branches. We ensure that you stay updated on your loan status throughout the process.

Used Car Loan FAQs

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

You must be an Indian citizen aged between 21* and 59* years at the end of the loan term. Income eligibility is determined based on vehicle model, age, and loan tenure.

Documents include an application form, KYC papers, 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 go up to 5%* of the loan amount. For specific details, please visit Shriram Finance website and refer to interest rate policy.

up to 85%* of the car's value can be financed, and the remaining 15%* must be paid as a down payment.

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

Yes, applications can be submitted online through Shriram Finance website or Shriram One mobile app.

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

Loan amount can go up to 85%* of the vehicle's value, with a minimum loan amount 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.