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Used Car Loan in Guntur
Owning a car in Guntur can make travelling easier, whether for work or personal use. A Used Car Loan in Guntur from Shriram Finance helps you buy a second-hand car without paying the entire amount upfront. This loan allows you to choose a car that fits your budget while managing your finances efficiently. Understanding eligibility, required documents, and loan process can simplify your application. This guide will provide all the key details to help you make an informed decision.
Used Car Loan Types in Guntur
Shriram Finance provides multiple second-hand car loan choices in Guntur, catering to various customer needs. Select a loan plan that aligns with your budget and requirements.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Guntur
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Guntur
Shriram Finance provides a used car loan in Guntur with interest rates starting from 10%* p.a., making it a cost-effective solution for purchasing a pre-owned vehicle. These competitive rates ensure that your repayment stays manageable, allowing you to buy a car without financial stress. Below is a detailed overview of the key charges and fees:
| 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 |
With the second-hand car loan EMI calculator, you can quickly find out your estimated EMIs and interest rate. This tool helps you plan your loan repayments in advance, making it easier to choose a loan that aligns with your budget and financial goals.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator is an easy-to-use tool that helps you plan your loan repayments. Simply input your loan amount and preferred tenure to get an instant EMI estimate. This allows you to check how different loan terms affect your EMI, ensuring that you choose an option that suits your financial situation.
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 Guntur
With car refinancing options in Guntur from Shriram Finance, you can access additional funds by leveraging your car's value without selling it. This service helps you secure financial support while still keeping your vehicle. We provide competitive interest rates and flexible repayment terms, making repayment manageable. However, this facility is available only if your car is free of existing loans, making it a suitable option for those needing urgent funds.
Eligibility and Documentation Criteria for Used Car Loan in Guntur
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 Guntur
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 Guntur
Shriram Finance has branches in Guntur, ensuring easy access to our services. Our branches are strategically located in key areas, making it simple for customers to visit us. Some important locations include:
Locate Us
Used Car Loan Customer Care in Guntur
Shriram Finance provides dedicated customer care services in Guntur to assist with all your Pre-owned Car Loan queries. You can reach us via phone or visit a nearby branch for personalised support. Below are our used car loan customer care numbers:
Used Car Loan Status in Guntur
To check your Used Car Loan Status in Guntur, visit Shriram Finance website and log in to your account. Navigate to the 'Loan Status' section and enter your loan account or application number. You can also call our customer care team or visit a nearby branch for assistance. We ensure you stay informed about 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 Guntur?
Yes, Shriram Finance offers Used Car Loans in Guntur with an easy application process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Guntur?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. The required income depends on the car's model, age, and loan duration.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the final rate may vary based on the borrower's financial profile and vehicle details.
What documents are required for a Used Car Loan in Guntur?
Documents required include the application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be requested.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. For updated charges, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Guntur?
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 Guntur?
Yes, applicants can apply online through Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Guntur?
The loan amount can go up to 85%* of the car's value, with a minimum loan starting at ₹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.