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Used Car Loans in Firozpur
Firozpur's expanding connectivity and growing urban landscape have led to an increasing need for personal vehicles. Having a personal vehicle offers unmatched convenience, whether for work or daily errands. Balancing affordability and convenience, many Firozpur residents prefer pre-owned cars for their daily travel needs. Instead of making a large one-time payment, financing the purchase with used car loans in Firozpur can be a smart choice. At Shriram Finance, we provide structured used car loan plans with competitive rates and easy repayment terms. Drive home your preferred car without financial burden by applying online or visiting a branch for guidance.
Used Car Loan Types in Firozpur
To address various financial requirements, Shriram Finance provides multiple options for used car loans in Firozpur. Select the loan type that meets your needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Firozpur
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Flexible Repayment Tenures
Car Refinancing Options
Customised Loan Solutions
Easy Online Application
Dedicated Customer Service
Used Car Loan Interest Rates in Firozpur
Starting at 10%* p.a., Shriram Finance offers competitive interest rates for used car loans in Firozpur, ensuring affordable financing. Our loan structure is designed for easy repayments, enabling you to own a pre-owned vehicle without financial pressure. Below is a summary of the associated fees and charges:
| 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 |
A second-hand car loan EMI calculator is a tool that determines the estimated monthly payments based on factors like loan amount, interest rate, and loan tenure. It helps you understand and plan your repayment schedule.
How to Use the Used Car Loan EMI Calculator
A used car loan EMI calculator estimates your monthly payments by inputting the loan amount, interest rate, and loan term. It helps you understand your financial commitment before taking out the loan and allows you to compare different loan scenarios.
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 Firozpur
Shriram Finance offers a chance to utilise your car's value through refinancing. This allows you to get funds while keeping your vehicle. Our offerings include competitive interest rates and flexible repayment schedules. This facility is available for cars without outstanding loans.
Eligibility and Documentation Criteria for Used Car Loans in Firozpur
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 Firozpur
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 Firozpur
Shriram Finance has a network in Firozpur, dedicated to providing accessible used car loan options. Find the nearest branch with branch locator tool.
Locate Us
Used Car Loan Customer Care in Firozpur
You can reach out to customer support team in Firozpur regarding pre-owned car loan questions. Please contact us via phone or visit a branch for quick assistance.
Used Car Loan Status in Firozpur
To check your used car loan status in Firozpur, log into your Shriram Finance account, go to 'Loan Status,' and enter your application or loan number. You can also reach out to customer support or visit a branch for real-time updates.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Firozpur?
Yes, Shriram Finance offers used car loans in Firozpur with financing solutions designed to facilitate the ownership of pre-owned vehicles easily and affordably.
What are the eligibility criteria for a used car loan in Firozpur?
To be eligible, you must be an Indian resident aged between 21* years and 59* years at the time of loan maturity. Your income eligibility depends on the model and age of the car and the repayment tenure.
What is the interest rate on a used car loan?
The interest rate for our used car loans begins at 10%* p.a., though the final rate may vary according to your profile.
What documents are required for a used car loan in Firozpur?
To apply, please provide a completed application form, your vehicle's registration certificate, KYC documents, proof of income, and bank statements. Please note that the specific documents required can differ depending on your individual profile and the 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 to used car loans.
What is the down payment required for a used car loan in Firozpur?
We provide up to 85%* financing on the car's value, which means you need to pay 15%* as a down payment.
Can I apply for a used car loan online in Firozpur?
Yes, you can apply for a used car loan online via the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Firozpur?
You can secure financing of up to 85%* of the vehicle's value, with a minimum loan amount 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.