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Used Car Loan in Belagavi
Buying a second-hand car in Belagavi is now more manageable with a Used Car Loan in Belagavi from Shriram Finance. Instead of paying the full amount at once, you can opt for easy monthly instalments. Whether you need a car for daily commuting or family travel, this loan can help you finance your purchase as per your budget. This guide will explain the loan process, eligibility, and required documents. Understanding these details will help you apply with confidence and ease.
Used Car Loan Types in Belagavi
Shriram Finance provides second-hand car loan options in Belagavi to meet different financial needs. Choose a loan that best suits your financial situation and requirements.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Belagavi
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Belagavi
The Used Car Loan in Belagavi from Shriram Finance comes with interest rates starting at 10%* p.a., making it an affordable option for financing a pre-owned car. These competitive rates ensure that your loan repayments stay within your budget, making car ownership easier. Below is a complete list of charges and fees applicable to our Used Car Loan.
| 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 |
With our second-hand car loan EMI calculator, you can instantly check your estimated EMIs and interest rate. This simple tool helps you plan your repayments better and choose a loan that suits your financial needs.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator simplifies loan planning. Just enter the loan amount and tenure, and it will instantly display your estimated EMI. This allows you to check repayment details in advance, ensuring a well-informed decision. The tool also helps you compare different loan options, making it easier to choose the best one. It is a useful way to manage your finances efficiently.
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 Belagavi
Shriram Finance provides car refinancing options in Belagavi, enabling you to unlock funds using your car's value without selling it. This facility ensures you receive financial assistance while continuing to use your vehicle. With competitive interest rates and flexible repayment plans, managing your finances becomes simpler. However, this option is only available if your car is free from an active loan, making it a smart choice for those in need of urgent funds.
Eligibility and Documentation Criteria for Used Car Loan in Belagavi
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:- Residency: All Indian residents.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- 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:
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- KYC Documents: Proof of identity and address.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loan in Belagavi
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 Belagavi
To ensure easy access to our services, Shriram Finance has set up branch services in Belagavi. These branches are located in well-known areas, making it convenient for customers to visit. Some important locations include:
Locate Us
Used Car Loan Customer Care in Belagavi
Shriram Finance offers dedicated customer care services in Belagavi to assist you with any Pre-owned Car Loan queries. You can call our support team or visit a nearby branch for personalised assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Belagavi
To check your Used Car Loan Status in Belagavi, visit Shriram Finance website and log in. Go to the 'Loan Status' section and enter your loan account or application number. You can also call customer care or visit a branch for updates. We ensure you stay informed about your loan progress.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Belagavi?
Yes, Shriram Finance provides Used Car Loan in Belagavi with an easy process and quick approval. Flexible repayment options are available.
What are the eligibility criteria for a Used Car Loan in Belagavi?
Applicant must be an Indian citizen aged between 21* and 59* years at loan maturity. Income depends on the car model, age, and loan duration.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a. but the final rate is based on the borrower profile and vehicle type.
What documents are required for a Used Car Loan in Belagavi?
Documents include an application form, KYC papers, income proof, bank statements, and a car registration certificate. Additional papers may be needed.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the loan amount. Updated details are on Shriram Finance website.
What is the down payment required for a Used Car Loan in Belagavi?
The loan covers up to 85%* of the car value, and the buyer must pay 15%* as a down payment.
Can I apply for a Used Car Loan online in Belagavi?
Yes, applications can be submitted online via Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Belagavi?
The loan is available for up to 85%* of the car value, with a minimum ₹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.