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Used Car Loan in Cuttack
Buying a used car can be a smart choice when you want to save money and still enjoy the benefits of owning a vehicle. With a Used Car Loan in Cuttack from Shriram Finance, you can spread the cost into affordable instalments. This loan is helpful for those planning to buy a car for personal or family use. You can choose from various car models as per your needs. In this guide, we will explain how the loan works and what you should know before applying.
Used Car Loan Types in Cuttack
Shriram Finance provides different types of second-hand car loan options in Cuttack to serve all kinds of customer requirements. Pick a loan option that matches your financial condition and personal needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Cuttack
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Cuttack
The Used car loan in Cuttack from Shriram Finance come with competitive interest rates starting at 10%* p.a., making it a pocket-friendly option for customers. These rates are carefully set to ensure that your loan repayments are easy to handle, so owning a pre-owned vehicle does not strain your finances. Below is a detailed list of key charges and fees that come with 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 |
You can also use our second-hand car loan EMI calculator to know your possible interest rate and EMIs. This simple tool helps you plan your repayments in advance and choose the right loan option.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is simple. Just choose your desired loan amount and tenure, and the calculator will instantly generate your estimated EMI. This helps you get a clear idea of your repayment schedule before applying. The calculator is designed to show how different loan amounts and tenures affect your EMI, helping you make a well-informed decision. It is a convenient tool to ensure that your loan fits within your financial 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Cuttack
With car refinancing options in Cuttack from Shriram Finance, you can use your car's value to secure extra funds without selling it. This service helps you access immediate financial support while still keeping your vehicle. We offer competitive interest rates and flexible repayment terms, ensuring that you can comfortably manage your finances. This refinancing option is available only if the car is free of existing loans, making it an ideal financial solution for those in need of quick funds.
Eligibility and Documentation Criteria for Used Car Loan in Cuttack
To check used car loan eligibility online, applicants must meet the following criteria:
Eligibility Criteria:- Income: Requirements vary based on the vehicle model, age, and repayment tenure.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- Residency: All Indian residents.
Required Documents:- To check used car loan eligibility online, applicants must meet certain criteria. The essential documents required include:
- Income Proof: Salary slips for salaried individuals, and income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- KYC Documents: Proof of identity and address.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loan in Cuttack
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 Cuttack
To serve you better, Shriram Finance has branch services in Cuttack. 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 Cuttack
Shriram Finance offers special customer care services in Cuttack to handle all your Pre-owned Car Loan questions. You can get in touch with us or visit one of our branches for personal assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Cuttack
To know your Used Car Loan Status in Cuttack, 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 Cuttack?
Yes, Shriram Finance provides Used car loan in Cuttack with hassle-free financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Cuttack?
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 Cuttack?
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 the Shriram Finance website and refer to interest rate policy.
What is the down payment required for a Used Car Loan in Cuttack?
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 Cuttack?
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 Cuttack?
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.