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Used Car Loan in Bilaspur
Thinking of buying a second-hand car in Bilaspur? A Used Car Loan in Bilaspur from Shriram Finance can help you own a car without making a large one-time payment. Whether it's for work, personal use, or family travel, this loan provides the financial assistance needed to get the right vehicle. Understanding the loan process, eligibility criteria, and required documents can help you make an informed decision. This guide covers everything you need to know before applying.
Used Car Loan Types in Bilaspur
Shriram Finance presents flexible second-hand car loan options in Bilaspur to address different customer needs. Select the right loan based on your financial requirements and repayment capacity.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Bilaspur
Regular Reminders
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Bilaspur
The Used Car Loan in Bilaspur from Shriram Finance offers an interest rate starting at 10%* p.a., providing an affordable way to finance a used car. These rates are structured to keep your EMIs manageable, so you can own a pre-owned vehicle without financial difficulty. Below is a summary 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 quickly check your estimated EMIs and interest rate. This tool helps you plan your loan repayment in advance and select an option that fits your budget.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator, you can calculate your estimated EMI in just a few seconds. Simply enter your loan amount and tenure, and the tool will show your repayment details. This helps you plan your finances better and choose the right loan option with confidence.
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 Bilaspur
With car refinancing options in Bilaspur, Shriram Finance helps you secure funds using your car's value while continuing to own it. This service provides financial assistance without requiring you to sell your vehicle. The loan comes with attractive interest rates and flexible repayment options for hassle-free management. However, this facility is only applicable if the car is free from an existing loan, making it ideal for those needing quick financial support.
Eligibility and Documentation Criteria for Used Car Loan in Bilaspur
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 Bilaspur
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 Bilaspur
For customer ease, Shriram Finance has established branches in Bilaspur. These branches are in well-known parts of the town, making them easy to visit. Some of our key locations are at:
Locate Us
Used Car Loan Customer Care in Bilaspur
For all Pre-owned Car Loan concerns in Bilaspur, Shriram Finance offers responsive customer care services. Get in touch with us through a call or by visiting one of our branches. Below are our used car loan customer care numbers:
Used Car Loan Status in Bilaspur
To track your Used Car Loan Status in Bilaspur, visit the Shriram Finance website and log in. Under the 'Loan Status' section, enter your loan account or application number. You may also contact customer support or visit a branch for more details.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Bilaspur?
Yes, Shriram Finance offers Used Car Loans in Bilaspur with a smooth application process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Bilaspur?
The applicant must be an Indian citizen aged between 21* and 59* years at the time of loan maturity. The required income varies based on the car's model, condition, and loan term.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the final rate may vary based on the borrower's financial history and vehicle specifications.
What documents are required for a Used Car Loan in Bilaspur?
Essential documents include the application form, KYC papers, proof of income, bank statements, and the car's registration certificate. Additional documents may be requested.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. The latest information is available on Shriram Finance's website.
What is the down payment required for a Used Car Loan in Bilaspur?
up to 85%* of the car's price can be financed. The buyer needs to pay the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Bilaspur?
Yes, the application process can be completed online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Bilaspur?
The loan amount can be up to 85%* of the car's value, with a minimum loan starting at 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.