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Used Car Loan in Bhilai
Owning a second-hand car in Bhilai is easier when you have the right financial support. With a Used Car Loan in Bhilai from Shriram Finance, you can pay in affordable monthly installments instead of a lump sum. Whether you need a car for work, family, or personal use, this loan helps you manage the cost effectively. This guide will walk you through the loan process, eligibility, and key details to consider before applying, making your car-buying journey smooth and hassle-free.
Used Car Loan Types in Bhilai
Shriram Finance brings convenient second-hand car loan solutions in Bhilai to support various customer needs. Pick the right loan plan that matches your budget and financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Bhilai
Flexible Repayment Tenures
Regular Reminders
High Financing Percentage
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Bhilai
The Used Car Loan in Bhilai from Shriram Finance provides interest rates starting at 10%* p.a., making it a cost-effective financing option for pre-owned cars. These rates are designed to keep your EMIs affordable, so you can purchase a used car without a financial burden. Below is a detailed list of charges and fees for 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 easily check your expected EMIs and interest rate. This tool allows you to plan your finances and pick a loan that meets your needs.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator is a simple tool to help you plan your loan efficiently. Just input your loan amount and tenure, and it will generate an estimated EMI instantly. This gives you a clear understanding of your repayment schedule before applying. Additionally, the tool helps compare different loan options to find the most suitable one.
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 Bhilai
Shriram Finance offers car refinancing options in Bhilai, allowing you to get funds based on your car's value while retaining ownership. This facility provides quick access to financial support without requiring you to sell your vehicle. With attractive interest rates and flexible repayment choices, handling your loan becomes easier. However, this option is only applicable if your car has no existing loan, making it a practical choice for urgent financial requirements.
Eligibility and Documentation Criteria for Used Car Loan in Bhilai
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 Bhilai
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 Bhilai
To make our services more accessible, Shriram Finance has opened branches in Bhilai. These branches are strategically located to ensure that customers can visit them without hassle. Some of the key locations include:
Locate Us
Used Car Loan Customer Care in Bhilai
Shriram Finance ensures smooth customer support in Bhilai for all Pre-owned Car Loan queries. Whether you prefer calling or visiting a branch, our team is ready to assist you. Below are our used car loan customer care numbers:
Used Car Loan Status in Bhilai
Checking your Used Car Loan Status in Bhilai is easy. Simply visit Shriram Finance website, log in, and go to the 'Loan Status' section. Enter your loan account or application number to access the details. You can also call customer care or visit a branch for assistance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Bhilai?
Yes, used car loans are available in Bhilai from Shriram Finance. The process is simple with flexible options and fast approval.
What are the eligibility criteria for a Used Car Loan in Bhilai?
Indian residents aged 21* to 59* years are eligible. Income requirements are based on the car's condition and the loan period.
What is the interest rate on a Used Car Loan?
Rates start at 10%* p.a. but depend on applicant's profile and car model.
What documents are required for a Used Car Loan in Bhilai?
You will need an application form, KYC, bank statements, income proof, and a registration certificate for the vehicle.
What is the processing fee for a Used Car Loan?
Processing charges are up to 5%* of the loan. Full details are available on Shriram Finance website.
What is the down payment required for a Used Car Loan in Bhilai?
up to 85%* of the car value is financed. You must pay 15%* as a down payment.
Can I apply for a Used Car Loan online in Bhilai?
Yes, the online application is available on Shriram Finance website and Shriram One app.
What is the maximum loan amount I can get for a used car in Bhilai?
Loan is up to 85%* of car value, 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.