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Used Car Loans in Chikkamagaluru
Second-hand cars are a great budget-friendly solution for residents in Chikkamagaluru. Shriram's Used Car Loans in Chikkamagaluru are designed with adjustable plans for the community. Interest rates as low as 10%* p.a. and financing for up to 85%* of the car's worth make it affordable to own a reliable used car. Applying is simple, with quick online decisions eliminating unnecessary steps. Learn more from this guide about securing a Used Car Loan.
Used Car Loan Types in Chikkamagaluru
Shriram Finance offers multiple Used Car Loan options in Chikkamagaluru to cater to different customer needs. Carefully consider each loan type to see which fits your financial circumstances.
Pre-Owned Car Loan
Car Refinancing
Features and Benefits of Used Car Loans in Chikkamagaluru
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Terms
Timely Payment Reminders
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Used Car Loan Interest Rates in Chikkamagaluru
In Chikkamagaluru, Shriram Used Car Loan Interest Rates start at an attractive 10%* p.a., providing financing options that are easy on your wallet. Our rates are carefully set to ensure manageable repayment schedules, making it easier to own a used car.
| 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 |
Use our EMI calculator for second-hand loans to estimate your interest and monthly payments, which can help you organise your finances before taking a loan.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan EMI calculator effectively, input your desired loan amount and select a repayment length. The calculator will promptly provide your estimated monthly EMI, assisting you in financial planning. This simple tool clearly shows how different loan amounts and repayment times affect your monthly payments, helping you find the best option for 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Chikkamagaluru
In Chikkamagaluru, Shriram Finance presents valuable car refinancing options that let you access immediate funds based on your current car's value without selling it. This service is a great way to utilise your vehicle's worth for various financial needs. Our refinancing solutions feature competitive interest rates and flexible repayment plans, ensuring you can manage your finances comfortably while still using your car. This option is available when no loans exist on the car, making it a smart financial solution.
Eligibility and Documentation Criteria for Used Car Loans in Chikkamagaluru
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
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 Chikkamagaluru
Apply for a Used Car Loan is simple; follow these steps:
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 Chikkamagaluru
To find the nearest Shriram Finance branch in Chikkamagaluru or nearby areas, simply use our convenient branch locator tool on the website.
Locate Us
Used Car Loan Customer Care in Chikkamagaluru
Shriram Finance is dedicated to providing superior customer care services in Chikkamagaluru, making sure you receive knowledgeable assistance for all your pre-owned car loan queries. Reach out to us by phone or visit a local branch for tailored support.
Used Car Loan Status in Chikkamagaluru
To access your Used Car Loan Status in Chikkamagaluru, log in securely to your account on the Shriram Finance website and navigate to the 'Loan Status' section. Input your application number or loan account number to receive the most recent details. Alternatively, feel free to contact our knowledgeable customer care team or visit one of our conveniently located branches to inquire about your loan status. We are dedicated to keeping you informed throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Chikkamagaluru?
Yes, you can get a Used Car Loan in Chikkamagaluru from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Chikkamagaluru?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Chikkamagaluru?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Chikkamagaluru?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Chikkamagaluru?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Chikkamagaluru?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a minimum loan amount starting from ₹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.