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Used Car Loans in Bokaro
Bokaro's growing infrastructure makes having a car essential for daily commutes and family outings. Buying a pre-owned vehicle is an affordable way to fulfil your need for personal transport. Used car loans in Bokaro help you finance a second-hand car without depleting your savings. Shriram Finance offers customised loan solutions with competitive interest rates and simple repayment plans. For those upgrading to a newer model or purchasing their first car, our financing options provide the right support. Apply online or visit a branch to explore suitable loan plans.
Used Car Loan Types in Bokaro
At Shriram Finance, we provide different used car loan types in Bokaro to suit your financial needs. Choose a loan type that aligns with your financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Bokaro
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Bokaro
Shriram Finance provides used car loan interest rates in Bokaro from 10%* p.a., ensuring affordable financing. Our rates help customers buy pre-owned vehicles without financial strain. The table below provides a summary of associated fees and charges:
| 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 |
Our second-hand car loan EMI calculator helps you determine your EMI and interest rates before applying. This tool ensures better financial planning, making it easier to choose a loan that fits your budget.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, input your desired loan amount and tenure. The tool will instantly display your estimated EMI, helping you evaluate repayment options. You can modify the loan amount and tenure to find a suitable repayment plan.
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 Bokaro
With car refinancing in Bokaro, Shriram Finance offers a way to unlock funds using your car's value while retaining ownership. This is a useful option for those needing quick financial assistance. Our refinancing plans feature competitive interest rates and flexible repayment terms. To qualify, the car must not have an existing loan.
Eligibility and Documentation Criteria for Used Car Loans in Bokaro
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 Loans in Bokaro
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 Bokaro
Shriram Finance operates in Bokaro, making it easy for you to access used car loan services. Use our branch locator to find the closest branch for support.
Locate Us
Used Car Loan Customer Care in Bokaro
For assistance with pre-owned car loans, connect with our customer care team. Call us or visit a branch for expert guidance.
Used Car Loan Status in Bokaro
To track your used car loan status in Bokaro, log in to your Shriram Finance account, access the 'Loan Status' section, and enter your application or loan number. You can also call our customer care team or visit a branch for updates. Transparency is maintained throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Bokaro?
Of course! You can avail of a used car loan in Bokaro with competitive terms, helping you finance your second-hand vehicle effortlessly.
What are the eligibility criteria for a used car loan in Bokaro?
To qualify for a used car loan in Bokaro, the applicant must be an Indian citizen aged between 21* and 59* years at loan maturity. Income requirements differ based on the car model, age, and tenure.
What is the interest rate on a used car loan?
At Shriram Finance, used car loan rates start from 10%* p.a., with the final rate being influenced by multiple factors, including your profile.
What documents are required for a used car loan in Bokaro?
The necessary documents are an application form, vehicle registration certificate, identity and address proof, income proof, and bank statements. Additional paperwork may be needed based on the loan profile.
What is the processing fee for a used car loan?
We charge a processing fee of up to 5%* on the total loan amount for a used car loan.
What is the down payment required for a used car loan in Bokaro?
With up to 85%* loan financing available, you are required to pay a minimum 15%* down payment.
Can I apply for a used car loan online in Bokaro?
Yes, you can conveniently apply for a used car loan online via our official website or mobile app.
What is the maximum loan amount I can get for a used car in Bokaro?
You may receive up to 85%* of the car's worth as a loan, with a base amount 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.