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Used Car Loans in Gangtok
Travelling through the hilly terrains of Gangtok becomes easier with a personal vehicle, but the steep prices of new cars can be a big problem. Choosing a second-hand car is a cost-effective alternative, ensuring you travel comfortably without overspending. With used car loans in Gangtok, you can own a pre-owned car without financial worries. Shriram Finance provides personalised loan options with competitive interest rates starting from 10%* p.a. and repayment terms of up to 48 months. Our online application process and minimal documentation makes financing your pre-owned vehicle both affordable and simple. Apply now and make your car ownership journey smooth and stress-free.
Used Car Loan Types in Gangtok
Shriram Finance provides a range of used car loan types in Gangtok designed to meet various customer needs. Select the loan that best suits your financial goals and repayment capability.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Gangtok
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Gangtok
Shriram Finance provides used car loan interest rates in Gangtok with interest rates starting from 10%* p.a., ensuring affordable and convenient financing. These rates help simplify repayments, making pre-owned car ownership stress-free. Below is a summary of applicable 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 |
Use our second-hand car loan EMI calculator to estimate monthly instalments. This tool helps you budget effectively before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To calculate your used car loan EMIs, enter your preferred loan amount and repayment tenure into the pre-owned car loan calculator. It will instantly generate your monthly instalment, helping you assess affordability. You can compare different loan options and choose the most suitable one.
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 Gangtok
Shriram Finance provides car refinancing in Gangtok, allowing you to unlock your vehicle's equity for urgent financial needs. This option is only available if your car is free from any active loans. Our car refinancing features competitive interest rates and flexible repayment options. This helps you access funds while retaining ownership of your vehicle.
Eligibility and Documentation Criteria for Used Car Loans in Gangtok
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 Gangtok
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 Gangtok
Need a used car loan in Gangtok? Use our branch locator to find your nearest Shriram Finance branch for support.
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Used Car Loan Customer Care in Gangtok
Our customer support team in Gangtok is ready to address any queries regarding used car loans. You can contact us via phone or visit a branch for assistance.
Used Car Loan Status in Gangtok
Check your used car loan status in Gangtok by logging into your Shriram Finance account and entering your details in the 'Loan Status' section. You can also seek updates from our customer care team or a branch. We are committed to providing you with regular updates during every stage of your loan.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Gangtok?
Yes, Shriram Finance offers used car loans in Gangtok with financing options tailored to your needs.
What are the eligibility criteria for a used car loan in Gangtok?
You must be an Indian resident aged 21*-59* years at the time of loan maturity and have a stable income that qualifies you for the loan.
What is the interest rate for a used car loan?
Interest rates for used car loans in Gangtok start from 10%* p.a., subject to loan eligibility and profile evaluation.
What documents are required for a used car loan in Gangtok?
Key documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. The exact requirements may vary.
What is the processing fee for a used car loan?
The processing fee can be up to 5%* of the loan amount, depending on loan terms.
What is the down payment required for a used car loan in Gangtok?
You need to make a 15%* down payment, as financing covers up to 85%* of the car's appraised value.
Can I apply for a used car loan online in Gangtok?
Yes, applying for a used car loan in Gangtok is easy 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 Gangtok?
Shriram Finance provides loans of up to 85%* of the vehicle's appraised 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.