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Used Car Loan in Bhubaneswar
Looking to buy a second-hand car in Bhubaneswar? A Used Car Loan in Bhubaneswar from Shriram Finance can help you get the car you need without paying the entire amount up front. Whether it's for work, family, or personal use, this loan gives you the financial support to own a car with ease. This guide will help you understand the loan process, eligibility, and important factors to keep in mind before applying.
Used Car Loan Types in Bhubaneswar
With Shriram Finance, you get flexible second-hand car loan choices in Bhubaneswar to meet different requirements. Select the loan option that aligns with your budget and needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Bhubaneswar
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Bhubaneswar
The Used Car Loan in Bhubaneswar from Shriram Finance features attractive interest rates starting at 10%* p.a., making it an economical choice for purchasing a second-hand car. These rates help you manage your repayments smoothly while staying within your budget. Below is a breakdown of the 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 the second-hand car loan EMI calculator, you can easily estimate your EMIs and interest rate. This tool helps you plan your finances in advance and choose a loan option that suits your repayment capacity.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, you can quickly check your estimated EMI by entering the loan amount and tenure. This tool helps you plan your repayment in advance, ensuring that you choose the right loan option. It also compares different plans, helping you 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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Bhubaneswar
If you need immediate funds, car refinancing options in Bhubaneswar from Shriram Finance can help. This service lets you borrow against your car's value while keeping ownership. The loan offers affordable interest rates and flexible repayment terms, ensuring smooth financial management. However, this option is only available if there is no existing loan on the vehicle, making it a smart way to secure funds when needed.
Eligibility and Documentation Criteria for Used Car Loan in Bhubaneswar
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 Bhubaneswar
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 Bhubaneswar
Shriram Finance has established branches in Bhubaneswar to assist customers with their financial needs. These branches are in well-known areas, making them easy to visit. Some key locations include:
Locate Us
Used Car Loan Customer Care in Bhubaneswar
In Bhubaneswar, Shriram Finance ensures smooth and accessible customer care services for Pre-owned Car Loan customers. Call us or drop by a branch for direct assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Bhubaneswar
To know your Used Car Loan Status in Bhubaneswar, log in to Shriram Finance website and enter your loan account or application number under the 'Loan Status' section. For further queries, you may call customer care or visit a branch.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Bhubaneswar?
Yes, Shriram Finance offers Used Car Loans in Bhubaneswar with a hassle-free process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Bhubaneswar?
An applicant must be an Indian citizen aged between 21* and 59* years when the loan matures. The required income is determined based on the car's model, age, and loan duration.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a. and may vary depending on the borrower's financial profile and the car's details.
What documents are required for a Used Car Loan in Bhubaneswar?
Applicants must provide an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be needed.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. The latest details can be found on Shriram Finance's website.
What is the down payment required for a Used Car Loan in Bhubaneswar?
up to 85%* of the car's value can be financed. The buyer must arrange the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Bhubaneswar?
Yes, applications can be submitted online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Bhubaneswar?
The loan amount can be up to 85%* of the car's value, with a minimum loan of 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.