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Used Car Loans in Bathinda
In recent years, Bathinda has been experiencing rapid growth and an expanding road network. This is led to an increasing need for personal vehicles. Choosing a pre-owned car is a cost-effective solution that provides the benefits of ownership without the expense of a new model. Used car loans in Bathinda make it easier to finance a second-hand car, allowing you to purchase a vehicle without straining your finances. Shriram Finance offers flexible loan solutions with competitive interest rates and convenient repayment options. Whether you're upgrading your current vehicle or buying your first car, our financing options ensure a smooth and stress-free process. Apply online or visit a nearby branch to explore suitable loan offers.
Used Car Loan Types in Bathinda
To meet different financial needs, Shriram Finance provides multiple used car loan types in Bathinda. Select the loan type that best fits your needs and financial circumstances.
Pre-owned car loan
Loan against car (Car refinancing)
Features and Benefits of Used Car Loans in Bathinda
Competitive interest rates
Flexible repayment tenures
High financing percentage
Regular reminders
Easy online application
Car refinancing options
Customised loan solutions
Dedicated customer service
Used Car Loan Interest Rates in Bathinda
Make your used car purchase in Bathinda affordable with Shriram Finance. We offer competitive interest rates starting at 10%* p.a. and structured repayments to minimise financial strain. Details on all associated fees and charges are provided 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 |
Estimate your second-hand car loan payments using our EMI calculator. This helps you understand potential costs and plan your finances before applying.
How to Use the Used Car Loan EMI Calculator
Experiment with various loan amounts and tenures using our pre-owned car loan calculator. Simply input your desired figures, and the calculator will immediately show you the resulting monthly EMI.
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 Bathinda
Shriram Finance provides car refinancing services in Bathinda, allowing you to unlock funds using your vehicle's value without selling it. This option is available for cars without any existing loans and can be used for various financial needs. With competitive interest rates and flexible repayment terms, this service ensures you can manage finances effectively while continuing to use your vehicle.
Eligibility and Documentation Criteria for Used Car Loans in Bathinda
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 Bathinda
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 Bathinda
To receive support regarding your used car loan in Patiala, please visit a Shriram Finance branch. Our branch locator tool will assist you in identifying the nearest location.
Locate Us
Used Car Loan Customer Care in Bathinda
Shriram Finance provides dedicated customer care in Bathinda, specifically for pre-owned car loan inquiries. Receive personalised assistance by calling or visiting a branch.
Used Car Loan Status in Bathinda
Track your used car loan status in Bathinda with ease. Simply log into your Shriram Finance account and check 'Loan Status' or contact us for real-time updates. Experience hassle-free used car financing in Bathinda with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Bathinda?
Yes, Shriram Finance offers convenient financing options for pre-owned vehicles in Bathinda.
What are the eligibility criteria for a used car loan in Bathinda?
The eligibility criteria for a used car loan includes being an Indian resident aged between 21* years and 59* years when the loan matures. Your income eligibility depends on the car's model, age, and tenure of repayment.
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 final rate may vary depending on your profile.
What documents are required for a used car loan in Bathinda?
To begin your application, you'll need a completed form, vehicle registration, KYC, income proof, and bank statements. Note that specific document needs may adjust based on your individual loan details.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount is applicable to used car loans.
What is the down payment required for a used car loan in Bathinda?
At Shriram Finance, we can finance up to 85%* on the car's value, requiring you to contribute the remaining 15%* as a down payment.
Can I apply for a used car loan online in Bathinda?
Yes, you can apply for a used car loan online via the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Bathinda?
Get up to 85%* financing on your vehicle, with a minimum loan 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.