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Used Car Loan in Gorakhpur
A second-hand car can be a convenient and budget-friendly choice for daily travel in Gorakhpur. A Used Car Loan in Gorakhpur from Shriram Finance helps you buy a car without the burden of paying the full amount at once. Whether you need a vehicle for work, personal use, or family travel, this loan provides the financial support required. Before applying, it's important to know the eligibility, required documents, and loan process. This guide will walk you through all the key details for a smooth application.
Used Car Loan Types in Gorakhpur
Shriram Finance offers various second-hand car loan options in Gorakhpur to meet different customer needs. Choose the loan option that best suits your financial situation and personal needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Gorakhpur
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Flexible Repayment Tenures
Dedicated Customer Service
Customised Loan Solutions
Car Refinancing Options
Easy Online Application
Used Car Loan Interest Rates in Gorakhpur
Shriram Finance offers a used car loan in Gorakhpur with attractive interest rates starting at 10%* p.a., making it an affordable financing option. These rates are designed to keep your repayments manageable, ensuring that purchasing a pre-owned car does not put financial pressure on you. Below is a detailed breakdown 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 |
You can also use our second-hand car loan EMI calculator to check your estimated interest rate and EMIs. This easy-to-use tool allows you to plan your repayments in advance, helping you select a loan option that fits your budget and financial needs.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is simple. Enter your desired loan amount and tenure, and the tool will instantly show your estimated EMI. This helps you understand your repayment schedule before applying. You can also adjust the loan amount and tenure to see how your EMI changes, making it easier to choose a loan plan that fits 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Gorakhpur
With car refinancing options in Gorakhpur from Shriram Finance, you can unlock extra funds by using your car's value without having to sell it. This service provides quick financial assistance while allowing you to retain ownership of your vehicle. We offer attractive interest rates and flexible repayment terms, making it easier to manage your finances. However, this option is available only if there is no active loan on the car, making it a smart choice for those in need of urgent funds.
Eligibility and Documentation Criteria for Used Car Loan in Gorakhpur
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:- 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 Gorakhpur
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 Gorakhpur
To ensure easy access to our services, Shriram Finance has branches in Gorakhpur. Our branches are located in key areas, making it convenient for customers to reach us. Some important locations include:
Locate Us
Used Car Loan Customer Care in Gorakhpur
Shriram Finance offers special customer care services in Gorakhpur to handle all your Pre-owned Car Loan questions. You can contact us through a call or visit one of our branches for personal assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Gorakhpur
To know your Used Car Loan Status in Gorakhpur, 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 Gorakhpur?
Yes, Shriram Finance provides Used Car Loans in Gorakhpur with a hassle-free process and quick approval. Flexible repayment options are available.
What are the eligibility criteria for a Used Car Loan in Gorakhpur?
An applicant must be an Indian citizen aged between 21* and 59* years at loan maturity. The income requirement depends on the vehicle's model, age, and loan term.
What is the interest rate on a Used Car Loan?
The interest rate starts from 10%* p.a. but may vary based on the applicant's profile and car details.
What documents are required for a Used Car Loan in Gorakhpur?
Key documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be needed.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. The latest details can be checked on Shriram Finance's website.
What is the down payment required for a Used Car Loan in Gorakhpur?
up to 85%* of the car's value can be financed, with the remaining 15%* to be paid as a down payment.
Can I apply for a Used Car Loan online in Gorakhpur?
Yes, applications can be submitted online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Gorakhpur?
The loan can cover up to 85%* of the car's value, with a minimum loan starting from ₹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.