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Used Car Loan in Faridabad
Planning to buy a second-hand car in Faridabad but unsure how to arrange the money? Used Car Loan in Faridabad from Shriram Finance can help you buy the car you need and repay in affordable monthly instalments. You don't have to wait or use all your savings to own a car. Whether for office travel or family needs, a used car is a practical option. This guide will explain the key points to know before applying for the loan.
Used Car Loan Types in Faridabad
Shriram Finance provides several second-hand car loan choices in Faridabad to match different customer requirements. Pick the loan type that suits your budget and situation.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used car loan in Faridabad
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
High Financing Percentage
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Faridabad
The Used Car Loan in Faridabad from Shriram Finance come with interest rates starting at 10%* p.a., making them an affordable choice for car buyers. These rates are planned to ensure that your loan repayments remain stress-free, allowing you to purchase a pre-owned car without financial worries. Below is an overview of the key charges and fees associated 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 |
Our second-hand car loan EMI calculator helps you know your likely EMIs and interest rate. It is a simple tool that allows you to plan your monthly repayments in advance and select the right loan based on your needs.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, you can instantly check your EMI by selecting your loan amount and tenure. This helps you plan your repayment schedule before applying. The calculator also shows how different amounts and tenures impact your EMI, allowing you to choose wisely. It is a convenient tool for ensuring that your loan matches 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 Faridabad
With car refinancing options in Faridabad, Shriram Finance lets you obtain extra funds by using your car's value while keeping ownership. This service provides quick financial relief without the need to sell your vehicle. Our refinancing comes with attractive interest rates and flexible repayment terms to ensure ease of payment. This option is only available for cars without existing loans, making it a helpful financial tool for those in urgent need of funds.
Eligibility and Documentation Criteria for Used Car Loan in Faridabad
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 Loan in Faridabad
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 Faridabad
Shriram Finance operates several branches in Faridabad to ensure that customers can access our financial services close to home. These branches are located in important areas of the city. Some major locations are:
Locate Us
Used Car Loan Customer Care in Faridabad
With specialised customer care services in Faridabad, Shriram Finance ensures that all your Pre-owned Car Loan questions are answered. You can contact us via phone or visit a nearby branch for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Faridabad
To find out your Used Car Loan Status in Faridabad, simply log in to Shriram Finance website and head to the 'Loan Status' page. Enter your loan account number or application number there. You can also reach out to our customer care or visit a local branch. We ensure that you know your loan status at every step.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Faridabad?
Yes, Shriram Finance offers Used car loan in Faridabad with easy steps and quick approval. You can choose flexible repayment plans based on your budget and car value.
What are the eligibility criteria for a Used Car Loan in Faridabad?
You must be an Indian citizen aged 21* to 59* years when the loan ends. Income will depend on the car model, condition, and loan tenure.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a., but final rates depend on car type, profile, and loan duration.
What documents are required for a Used Car Loan in Faridabad?
You must submit the application form, KYC papers, income proof, bank statements, and a vehicle registration certificate. Other documents may be asked.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the loan. You can check Shriram Finance website for updated fees.
What is the down payment required for a Used Car Loan in Faridabad?
Loan covers up to 85%* of the car value. You need to pay at least 15%* as a down payment.
Can I apply for a Used Car Loan online in Faridabad?
Yes, you can apply online using Shriram Finance website or Shriram One app anytime.
What is the maximum loan amount I can get for a used car in Faridabad?
Loan amount can go up to 85%* of car's worth, with a minimum loan of 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.