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Used Car Loans in Basti
Basti, with its expanding economy and increasing mobility needs, has seen a rise in demand for personal vehicles. Choosing a second-hand car is a great way to own a vehicle without a significant financial burden. Used car loans provide a practical solution for those looking to own a reliable vehicle without straining their finances. Used car loans in Basti provide the necessary funding to help you purchase a reliable pre-owned car effortlessly. Shriram Finance offers customised loan solutions with competitive interest rates and flexible repayment options, ensuring a smooth borrowing process. Whether you're buying your first car or upgrading, our financing solutions are designed to suit your budget. Apply today to take the next step.
Used Car Loan Types in Basti
Shriram Finance provides various used car loan types in Basti to cater to different customer needs: Pick the loan option that suits your financial situation best.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Basti
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Basti
Shriram Finance offers used car loan interest rates in Basti from 10%* p.a., providing competitive financing solutions. Our rates are structured for easy repayments, aligning with your financial plans. Below is a thorough breakdown of the main fees and charges associated 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 |
Explore our second-hand car loan EMI calculator to estimate your monthly instalments and interest rate. This handy tool helps you plan your finances effectively before submitting a loan application.
How to Use the Used Car Loan EMI Calculator
Input your loan amount and preferred repayment tenure in the pre-owned car loan calculator to receive an instant EMI estimate. This enables you to compare various loan options and select the one that best fits 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 Basti
Shriram Finance enables you to access funds by using your car's existing value through refinancing, without selling your vehicle. This provides cash for various financial needs while allowing continued use of your car. We provide refinancing plans featuring competitive interest rates and adaptable repayment schedules. Please note, this option is only available for vehicles free from any current loan commitments.
Eligibility and Documentation Criteria for Used Car Loans in Basti
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 Basti
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 Basti
Shriram Finance operates in Basti to support your used car loan requirements. Use our locator tool to discover the nearest branch location.
Locate Us
Used Car Loan Customer Care in Basti
Our customer care team in Basti stands ready to address any queries regarding pre-owned car loans. Contact us via telephone or visit one of our branches. A table with customer care details is available below:
Used Car Loan Status in Basti
To monitor your used car loan status in Basti, log into your Shriram Finance account, navigate to the 'Loan Status' section, and enter your application or loan account number. Alternatively, you can call our customer service department or visit a branch for updates. We ensure you receive prompt updates throughout your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Basti?
Yes, Shriram Finance provides financing for used cars with suitable loan options.
What are the eligibility criteria for a used car loan in Basti?
Eligibility requirements include being an Indian resident aged between 21* and 59* years at loan maturity, with income eligibility determined by the vehicle model, age, and loan duration.
What is the interest rate on a used car loan?
Our used car loan interest rates begin at 10%* p.a., with the final rate determined by various eligibility factors.
What documents are required for a used car loan in Basti?
Required documents include an application form, KYC documents, proof of income, bank statements, and the vehicle registration certificate. The exact documentation may vary depending on your specific loan profile.
What is the processing fee for a used car loan?
Shriram Finance charges a processing fee of up to 5%* of the loan amount for used car loans.
What is the down payment required for a used car loan in Basti?
A down payment of 15%* is necessary, as we provide financing for up to 85%* of the car's value.
Can I apply for a used car loan online in Basti?
Yes, online applications for used car loans in Basti can be submitted through the Shriram Finance website or the Shriram One app by following a straightforward application process.
What is the maximum loan amount I can get for a used car in Basti?
Loans can reach up to 85%* of the car's assessed value, with a minimum 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.