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Used Car Loans in Chhapra
Chhapra is a growing city with improving infrastructure and increasing business opportunities. Reliable transport is crucial for daily commuting, but a new car may not always fit within the budget. A pre-owned vehicle provides an economical solution without compromising on comfort. With used car loans in Chhapra, you can finance a second-hand car with ease. Shriram Finance offers loans starting from ₹1 lakh* with flexible repayment options of up to 48 months. The process is straightforward, requiring minimal documentation and ensuring quick loan approval. Whether you need a vehicle for work or personal use, a used car can enhance your mobility at a lower cost. Apply for a used car loan Shriram Finance online or visit a branch to take the first step towards owning a car today.
Used Car Loan Types in Chhapra
Shriram Finance provides the following used car loan types in Chhapra to meet various customer needs. Select the loan that best matches your financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Chhapra
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Chhapra
Our used car loan interest rates in Chhapra begin at 10%* p.a., offering competitive and manageable financing solutions. The rates are structured to help you repay comfortably, making pre-owned car ownership within your reach. The table below details the applicable interest rates and fees associated with our used car loans:
| 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 estimate your monthly repayments quickly and accurately.
How to Use the Used Car Loan EMI Calculator
Simply input your desired loan amount and tenure into the pre-owned car loan calculator. The tool will instantly generate your estimated EMI, making it easier to plan your finances. Designed for ease of use, this calculator provides clear insights into different loan amounts and repayment terms.
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 Chhapra
With Shriram Finance's car refinancing option, you can unlock your car's value and access funds while retaining ownership. This facility enables you to secure financing without selling your vehicle. We offer competitive interest rates and flexible repayment plans to meet your financial needs. This service is available for cars without existing loans, ensuring financial flexibility.
Eligibility and Documentation Criteria for Used Car Loans in Chhapra
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 Chhapra
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 Chhapra
Shriram Finance offers its used car loan services across Chhapra. To locate the nearest branch and get assistance, you can use our branch locator tool for easy navigation.
Locate Us
Used Car Loan Customer Care in Chhapra
If you need assistance with your used car loan in Chhapra, our customer service team is ready to help. You can contact us via phone or visit one of our branches for further support. Please refer to the table below for our customer care contact details:
Used Car Loan Status in Chhapra
To track your used car loan status in Chhapra, you need to log into your Shriram Finance account on our website. Navigate to the 'Loan Status' section and enter your application or loan account number. You can also reach out to our customer support team or visit a branch for loan status inquiries. We ensure you stay updated at every step.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Chhapra?
Yes, we provide financing solutions for pre-owned cars in Chhapra, ensuring a hassle-free borrowing experience.
What are the eligibility criteria for a used car loan in Chhapra?
To apply, you must be an Indian resident aged 21* years or older but not exceeding 59* years at loan maturity. Your income eligibility will be determined by factors such as the car's model, age, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loans come with interest rates starting at 10%* p.a., subject to variations based on individual factors.
What documents are required for a used car loan in Chhapra?
Applicants must submit a completed application form, the vehicle's registration certificate, KYC documents, proof of income, and bank statements. Document requirements may differ based on the applicant's profile and loan amount.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount may be applicable.
What is the down payment required for a used car loan in Chhapra?
We provide up to 85%* financing for the vehicle's cost, requiring a down payment for the remaining 15%*.
Can I apply for a used car loan online in Chhapra?
Yes, the application process is available online through the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Chhapra?
You can secure a loan covering up to 85%* of the vehicle's value, with the minimum loan amount being ₹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.