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Used Car Loan in Bhiwandi
Buying a second-hand car in Bhiwandi can be a really smart choice, and the right loan can make it even more affordable. A Used Car Loan in Bhiwandi from Shriram Finance helps you spread the cost into manageable monthly instalments instead of paying everything at once. Whether you need a car for work, daily travel, or family use, this loan can support your plans. This guide will walk you through the loan process, eligibility criteria, and key points to consider before applying.
Used Car Loan Types in Bhiwandi
Shriram Finance provides tailored second-hand car loan solutions in Bhiwandi to suit different financial needs. Choose the loan option that works best for your financial situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Bhiwandi
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Bhiwandi
The Used Car Loan in Bhiwandi from Shriram Finance offers competitive interest rates starting at 10%* p.a., helping you finance a used car affordably. These rates are structured to keep your loan repayments simple and manageable. Below is a summary of the applicable 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 |
Use our second-hand car loan EMI calculator to calculate your EMIs and estimated interest rate instantly. This tool makes it easier to plan your loan and choose a repayment option that suits you.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator, you can estimate your EMI by entering your loan amount and tenure. This helps you prepare for repayments before applying. The calculator also compares different loan plans, helping you select the one that best fits your financial situation. It's a helpful tool for effective money management.
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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Bhiwandi
With car refinancing options in Bhiwandi from Shriram Finance, you can access additional funds by using your car's equity while still keeping your vehicle. This facility offers a hassle-free way to manage sudden financial needs. The loan comes with competitive interest rates and flexible repayment plans, making budgeting easier. However, this option is only available if there is no active loan on the vehicle, ensuring a smooth borrowing experience.
Eligibility and Documentation Criteria for Used Car Loan in Bhiwandi
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 Bhiwandi
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 Bhiwandi
Shriram Finance has set up branches in Bhiwandi to provide easy access to our services. These branches are in important areas, making it simple for customers to reach us. Some key locations include:
Locate Us
Used Car Loan Customer Care in Bhiwandi
For any Pre-owned Car Loan concerns in Bhiwandi, Shriram Finance provides reliable customer care services. You can speak with our team by calling or visiting one of our branches. Below are our used car loan customer care numbers:
Used Car Loan Status in Bhiwandi
To track your Used Car Loan Status in Bhiwandi, log in to Shriram Finance website and find the 'Loan Status' section. Enter your loan details to get real-time updates. You may also contact customer support or visit a nearby branch for more information.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Bhiwandi?
Yes, used car loans are available in Bhiwandi from Shriram Finance. The process is simple with flexible options and fast approval.
What are the eligibility criteria for a Used Car Loan in Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
Loan is up to 85%* of car value, minimum âı1 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.