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Used Car Loans in Guntakal
Guntakal is a significant railway junction and commercial hub in Andhra Pradesh. It creates a setting where owning a personal vehicle considerably improves mobility and convenience. For many locals, purchasing a pre-owned car represents a budget-friendly alternative to investing in a new automobile. Used car loans in Guntakal provide the monetary assistance necessary to facilitate this purchase. Shriram Finance positions itself as a reliable financial partner offering used car loans in Guntakal, with 10%* p.a. starting rates, financing up to 85%* of your car's value, and quick approvals to address the diverse requirements of vehicle buyers in this important junction town.
Used Car Loan Types in Guntakal
For Guntakal residents, Shriram Finance extends customised used car loan offerings crafted to satisfy various customer aspirations. Choose the loan format that best accommodates your specific needs and financial landscape.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Guntakal
Regular Reminders
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Guntakal
Shriram Used Car Loan Interest Rates in Guntakal begin at 10%* p.a., offering affordable and competitive financing arrangements. Our interest rates are formulated to facilitate manageable loan repayments, ensuring that acquiring a second-hand automobile stays within your fiscal constraints. Below is a comprehensive examination of the primary charges and fees linked to 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 |
Optimise your financial planning by utilising our second-hand car loan EMI calculator to calculate your anticipated interest rate and monthly instalments before concluding your loan application.
How to Use the Used Car Loan EMI Calculator
Plan your used vehicle purchase with confidence using the pre-owned car loan calculator. Select your required loan amount and preferred repayment duration to instantly view your expected monthly EMI. This intuitive tool has been engineered to facilitate your loan preparation process. It effectively demonstrates how different combinations of loan amounts and tenures influence your monthly payment obligations, helping you select the most appropriate financing option that suits your financial capacity.
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 Guntakal
Shriram Finance offers car refinancing arrangements in Guntakal that help you leverage your vehicle's dormant value without parting with it. This financial product allows you to transform your car's equity into ready liquidity for managing various monetary challenges. With competitive interest rates and flexible repayment options, Shriram Finance ensures you can handle your financial obligations smoothly while keeping complete access to your vehicle. This refinancing solution is particularly designed for automobiles without any current financing, delivering a practical financial alternative when you need extra funds for individual or business requirements.
Eligibility and Documentation Criteria for Used Car Loans in Guntakal
To check used car loan eligibility online, candidates must satisfy these criteria. Document requirements may differ depending on applicant profile and financing needs.
Eligibility Criteria:- Income: Specific requirements vary based on the vehicle's make, age, and chosen loan duration.
- Residency: Open to all Indian residents.
- Age: At least 21* years old, not exceeding 59* years at loan termination.
Required Documents:- To check used car loan eligibility online, particular paperwork is necessary. The vital documents include:
- KYC Documents: Certified proof of identity and residential address.
- Bank Statements: Recent financial transaction records may be requested.
- Vehicle Documents: Complete registration certification and current insurance details for the pre-owned vehicle.
- Income Proof: Employment records for salaried individuals; tax returns for self-employed applicants.
Step-by-Step Application Process for Used Car Loans in Guntakal
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 Guntakal
The strategic Shriram Finance branch in Guntakal offers specialised Used Car Loan options for railway employees, businesses, and families in this important junction town. Key locations include:
Locate Us
Used Car Loan Customer Care in Guntakal
For Pre-owned Car Loan support in Guntakal, Shriram Finance features dedicated customer advisory services. You can secure individualised guidance by contacting our representatives or by visiting one of our branch locations near you. Our used car loan customer service phone numbers are provided underneath:
Used Car Loan Status in Guntakal
To check your Used Car Loan Status in Guntakal, enter your account on the Shriram Finance website, navigate to the 'Loan Status' section and input your application number or loan account number. You may also reach out to our customer service team through phone or visit any nearby branch to receive information about your loan application. We prioritise keeping you informed throughout each stage of the loan approval progression.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Guntakal?
Yes, Shriram Finance extends Used Car Loans in Guntakal. The organisation delivers adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Guntakal?
To qualify for a Used Car Loan in Guntakal, you must be an Indian resident, have completed 21* years of age, and not exceed 59* years when the loan matures. Income requirements will differ based on the vehicle model, its age, and your preferred repayment tenure.
What is the interest rate on a Used Car Loan?
Used Car Loan interest rates from Shriram Finance commence at 10%* p.a.. Your specific rate will be influenced by various factors related to your financial standing.
What documents are required for a Used Car Loan in Guntakal?
Necessary documentation includes a fully completed application form, the vehicle's registration certificate, KYC documents, income verification, and recent bank statements. Specific document requirements may vary based on your personal situation and the requested loan amount.
What is the processing fee for a Used Car Loan?
For Used Car Loans, Shriram Finance applies a processing fee of up to 5%* of the principal loan amount.
What is the down payment required for a Used Car Loan in Guntakal?
Shriram Finance finances up to 85%* of the vehicle's evaluated worth, meaning you need to provide the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Guntakal?
Yes, you can easily submit your Used Car Loan application online through the official Shriram Finance website or via the Shriram One mobile app with just a few simple steps.
What is the maximum loan amount I can get for a used car in Guntakal?
The maximum funding available for a Used Car Loan extends up to 85%* of the vehicle's assessed value, with minimum loan amounts starting at 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.