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Used Car Loans in Danapur
Danapur is a prominent satellite town of Patna and is experiencing rapid urban development. With growing traffic and an expanding economy, having a personal vehicle makes commuting easier. However, purchasing a brand-new car can be expensive. A used car provides the same convenience at a lower cost. Used car loans in Danapur enable you to own a second-hand car without financial strain. Shriram Finance offers loans starting from âı1 lakh* with repayment tenures of up to 48 months. The application process is simple, requiring minimal paperwork for faster approval. Whether you need a car for work or daily travel, a pre-owned vehicle is a cost-effective choice. Apply for used car loans through Shriram Finance online or visit a branch to get started today!
Used Car Loan Types in Danapur
Shriram Finance provides the following used car loan types in Danapur to meet various customer needs. Select the loan type that aligns with your financial needs and preferences.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Danapur
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Support
Easy Online Application
Used Car Loan Interest Rates in Danapur
Shriram Finance provides used car loans in Danapur at interest rates starting from 10%* p.a., ensuring budget-friendly financing. These rates are structured to help you manage repayments effectively, making car ownership more accessible. The table below outlines the applicable interest rates and other charges for 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 enables you to estimate your monthly repayments with ease.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, simply enter your desired loan amount and tenure. The calculator will instantly compute and display your monthly EMI, helping you plan your finances better. This easy-to-use tool offers a detailed breakdown of loan amounts and repayment terms, allowing you to choose an option that aligns with 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 Danapur
Shriram Finance's car refinancing service enables you to unlock your car's value and secure funds while retaining ownership. You can avail of this facility without selling your vehicle. We offer competitive interest rates and flexible repayment options, ensuring a hassle-free financing experience. This service is available only for vehicles that are not under an active loan, offering greater financial flexibility.
Eligibility and Documentation Criteria for Used Car Loans in Danapur
To check used car loan eligibility online, applicants must meet the following criteria:
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 Danapur
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 Danapur
Shriram Finance extends its services to Danapur, providing expert assistance for your pre-owned car loan needs. Use our branch locator tool to find the nearest branch for personalised support.
Locate Us
Used Car Loan Customer Care in Danapur
For any questions regarding your pre-owned car loan, our customer support team is ready to assist. You can contact us via phone or visit a branch for direct assistance. Please refer to the table below for our customer care contact details:
Used Car Loan Status in Danapur
To track your used car loan status in Danapur, simply log into your account on the Shriram Finance website. Visit the 'Loan Status' section and enter your loan account or application number. You may also contact our customer service team or visit a branch for real-time updates. We ensure transparency throughout your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Danapur?
Yes, we provide used car loans in Danapur with flexible financing solutions to help you purchase a pre-owned vehicle.
What are the eligibility criteria for a used car loan in Danapur?
To qualify, you must be an Indian resident, at least 21* years old, and not older than 59* years at the time of loan maturity. The income requirement is determined based on the vehicle's model, age, and the repayment tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates start from 10%* p.a., though the final rate may vary based on individual factors.
What documents are required for a used car loan in Danapur?
You will need to submit an application form, the vehicle's registration certificate, KYC documents, proof of income, and bank statements. The exact document requirements may vary depending on your profile and loan amount.
What is the processing fee for a used car loan?
The processing fee can be as much as 5%* of the total loan amount.
What is the down payment required for a used car loan in Danapur?
We offer financing of up to 85%* of the vehicle's value, so you will need to cover the remaining 15%* as a down payment.
Can I apply for a used car loan online in Danapur?
Yes, you can easily apply online for a used car loan in Danapur via the Shriram Finance website or through the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Danapur?
You can avail of a loan for up to 85%* of the car's value, 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.