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Used Car Loan in Bhavnagar
Planning to buy a second-hand car in Bhavnagar? A Used Car Loan in Bhavnagar from Shriram Finance allows you to own a car without paying the full amount upfront. You can repay the loan in simple monthly instalments, making it easier to manage your budget. Whether you need a car for work, family, or personal use, this loan can help. This guide will explain the loan process, eligibility, and important factors to consider before applying.
Used Car Loan Types in Bhavnagar
Shriram Finance offers flexible second-hand car loan choices in Bhavnagar, catering to diverse needs. Select the loan option that aligns with your budget and needs.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Bhavnagar
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 Bhavnagar
The Used Car Loan in Bhavnagar from Shriram Finance offers interest rates starting at 10%* p.a., making it easier to finance a second-hand vehicle. These rates are structured to ensure that your repayments are affordable, helping you manage your loan without financial stress. Below is a detailed breakdown of the charges and fees associated with 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 |
Use our second-hand car loan EMI calculator to estimate your EMIs and interest rate. This tool simplifies repayment planning and helps you choose a loan option that fits your budget.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, you can easily plan your loan repayments. Enter the loan amount and tenure, and the calculator will provide your estimated EMI instantly. This helps you understand your repayment commitments before applying. It also allows you to compare various loan options, making financial planning more convenient.
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 Bhavnagar
With car refinancing options in Bhavnagar from Shriram Finance, you can utilise your car's value to access extra funds without selling it. This service helps you secure financial assistance while keeping your vehicle. The loan comes with affordable interest rates and convenient repayment terms, ensuring easy management of your expenses. However, it is only available for cars without an ongoing loan, making it a useful solution for immediate financial needs.
Eligibility and Documentation Criteria for Used Car Loan in Bhavnagar
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 Loan in Bhavnagar
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 Bhavnagar
For customer convenience, Shriram Finance has branches in Bhavnagar. These branches are situated in key areas, allowing easy access to financial services. Here are some of the main locations:
Locate Us
Used Car Loan Customer Care in Bhavnagar
In Bhavnagar, Shriram Finance provides excellent customer care services to help with all Pre-owned Car Loan-related concerns. Reach out to us via phone or visit a branch for in-person support. Below are our used car loan customer care numbers:
Used Car Loan Status in Bhavnagar
If you need to check your Used Car Loan Status in Bhavnagar, log in to Shriram Finance website and navigate to 'Loan Status'. Enter your loan account number or application number to view the details. Alternatively, you may contact customer support or visit a nearby branch.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Bhavnagar?
Yes, Shriram Finance offers Used Car Loans in Bhavnagar with quick approval and a simple procedure. Flexible repayment options are provided.
What are the eligibility criteria for a Used Car Loan in Bhavnagar?
Indian residents aged 21* to 59* years at loan end are eligible. Income is assessed based on car model and repayment tenure.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a., but the exact rate depends on the borrower profile and vehicle details.
What documents are required for a Used Car Loan in Bhavnagar?
An application form, KYC papers, income proof, bank statements, and a vehicle registration certificate are required. Other documents may be needed.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the loan amount. More details can be checked on Shriram Finance website.
What is the down payment required for a Used Car Loan in Bhavnagar?
Loan finance up to 85%* of vehicle value. The remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Bhavnagar?
Yes, online application is available through Shriram Finance website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Bhavnagar?
Loans can go up to 85%* of the vehicle price, 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.