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Used Car Loan in Chandigarh
Buying a second-hand car in Chandigarh is easier with a used car loan from Shriram Finance. Whether you need a car for daily travel or family needs, this loan can help you pay in easy instalments instead of a one-time payment. Used Car Loan in Chandigarh comes with flexible repayment options to suit your budget. If you are thinking of owning a used car, understanding how this loan works can help you plan better and choose confidently.
Used Car Loan Types in Chandigarh
Shriram Finance brings a range of second-hand car loan options in Chandigarh to suit every customer's need. Pick the right loan based on your needs and budget.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Chandigarh
Flexible Repayment Tenures
Competitive Interest Rates
Regular Reminders
High Financing Percentage
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Chandigarh
The Used Car Loan in Chandigarh from Shriram Finance offers competitive interest rates starting at 10%* p.a., ensuring cost-effective financing for customers. These rates are carefully structured to keep your loan repayments affordable, making it easier to purchase a pre-owned car without overburdening your budget. Below is a summary of key charges and fees that apply 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 |
Our second-hand car loan EMI calculator can also help you find out your possible EMIs and interest rates. This simple tool allows you to plan your loan repayments better and choose the most suitable loan option for your budget.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator is simple to use. Just enter your loan amount and tenure, and the tool will quickly calculate your estimated EMI. This helps you understand your repayment plan before applying. It also shows how different loan options affect your EMI, helping you choose the best one. This convenient tool ensures that your loan suits your financial goals.
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 Chandigarh
Shriram Finance offers car refinancing options in Chandigarh, allowing you to get extra funds based on your car's value without selling it. This solution ensures you receive financial assistance while keeping ownership of your vehicle. With competitive interest rates and flexible repayment plans, managing the loan becomes convenient. The refinancing option is available only if your car is free from existing loans, making it a suitable choice for those needing quick access to funds.
Eligibility and Documentation Criteria for Used Car Loans in Chandigarh
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:
- Bank Statements: Recent bank statements may be required.
- Vehicle Documents: Registration certificate and insurance details of the used car.
- KYC Documents: Proof of identity and address.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
Step-by-Step Application Process for Used Car Loans in Chandigarh
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 Chandigarh
To serve you better, Shriram Finance has branches in Chandigarh. Our branches are located in important areas, making it convenient for you to reach us. Some key locations include:
Locate Us
Used Car Loan Customer Care in Chandigarh
Shriram Finance offers special customer care services in Chandigarh to handle all your Pre-owned Car Loan questions. You can call us or visit one of our branches for personal assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Chandigarh
To know your Used Car Loan Status in Chandigarh, visit Shriram Finance website and log in to your account. Go to the 'Loan Status' page and enter your loan account number or application number to check the status. You can also get in touch with us by calling our customer care number or visiting any of our branches. We ensure that you stay updated on your loan status throughout the process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Chandigarh?
Yes, Shriram Finance provides Used Car Loans in Chandigarh with hassle-free financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Chandigarh?
You must be an Indian citizen aged between 21* and 59* years at the end of the loan term. Income eligibility is determined based on vehicle model, age, and loan tenure.
What is the interest rate on a Used Car Loan?
Interest rates start from 10%* p.a., but the exact rate depends on multiple factors, including borrower profile and vehicle type.
What documents are required for a Used Car Loan in Chandigarh?
Documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional requirements may vary.
What is the processing fee for a Used Car Loan?
Processing charges go up to 5%* of the loan amount. For specific details, please visit Shriram Finance website and refer to interest rate policy.
What is the down payment required for a Used Car Loan in Chandigarh?
up to 85%* of the car's value can be financed, and the remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Chandigarh?
Yes, applications can be submitted online through Shriram Finance website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Chandigarh?
Loan amount can go up to 85%* of the vehicle's value, with a minimum loan amount of ₹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.