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Used Car Loans in Changlang
Changlang's growing economy and improving transport facilities have made personal vehicles an essential part of daily life. Many residents prefer pre-owned cars as they offer great value for money while ensuring smooth travel across the region. Used car loans in Changlang help buyers finance their vehicle without straining their savings. Shriram Finance provides tailored loan solutions with convenient repayment options, making car ownership affordable. Our loans can help you buy your first car or upgrade to a better model. With a simple process and quick approvals, getting a used car is now easier than ever.
Used Car Loan Types in Changlang
Shriram Finance provides various used car loan types in Changlang to meet the unique needs of customers. Choose a loan type that fits your financial plans.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Changlang
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Changlang
In Changlang, Shriram Finance offers used car loan interest rates starting from 10%* p.a. We deliver competitive financing solutions to facilitate more affordable vehicle ownership. Please refer to the table provided below for a summary of the key charges and fees associated with our used car loan products:
| 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 |
Estimate your monthly instalments and the total interest payable on a second-hand car loan using our EMI calculator before you apply. This tool assists you in selecting a repayment plan that aligns with your financial capacity.
How to Use the Used Car Loan EMI Calculator
Select the loan amount and tenure in the pre-owned car loan calculator. The tool will instantly display your estimated EMI. You can assess repayment options and choose the one that fits your budget.
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 Changlang
Shriram Finance offers car refinancing options in Changlang, enabling you to unlock funds by leveraging the value of your vehicle without having to sell it. This service provides immediate cash to meet various financial needs while allowing you to continue using your car. Our refinancing solutions come with competitive interest rates and flexible repayment terms. Please note that this service is available only if there are no existing loans on the vehicle.
Eligibility and Documentation Criteria for Used Car Loans in Changlang
To check used car loan eligibility online, applicants must meet the following criteria. Choose a loan type that fits your financial plans.
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:- 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 Changlang
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 Changlang
Shriram Finance's presence in Jorhat strives at serving customers efficiently. Use our branch locator to find the nearest location for assistance.
Locate Us
Used Car Loan Customer Care in Changlang
If you require information or clarification regarding our pre-owned car loan offerings, our dedicated customer care representatives are at your service. Please do not hesitate to call us or visit a branch.
Used Car Loan Status in Changlang
Checking your used car loan status in Changlang is easy! Simply log into your Shriram Finance account online and find the 'Loan Status' section - you'll just need your application or loan account number. If you prefer, you can also give our customer care team a call or stop by our Changlang branch for the latest updates.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Changlang?
Yes, Shriram Finance offers used car loans in Changlang with flexible and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Changlang?
To qualify for a used car loan, you need to be an Indian resident aged 21* to 59* years old at the time of loan maturity. The specific income requirements will depend on the car's model, its age, and the loan repayment period you choose.
What is the interest rate on a used car loan?
The interest rate for our used car loans begins at 10%* p.a., subject to borrower eligibility.
What documents are required for a used car loan in Changlang?
Generally, you'll need to submit a loan application form, the vehicle's registration certificate, your KYC documents (like ID and address proof), income proof, and bank statements. Keep in mind that the exact documents needed can differ depending on your specific situation and the loan amount.
What is the processing fee for a used car loan?
The processing fee for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Changlang?
Shriram Finance typically finances up to 85%* of the used car's value. This means you would generally need to make a down payment of the remaining 15%*.
Can I apply for a used car loan online in Changlang?
Yes, you can apply for a used car loan online through the Shriram Finance website or Shriram One mobile app. The process usually involves a few straightforward steps.
What is the maximum loan amount I can get for a used car in Changlang?
You can avail up to 85%* of the vehicle's value as a loan, with the minimum loan amount starting from 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.