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Used Car Loan in Gwalior
Buying a used car can be a smart choice when you want to save money and still enjoy the benefits of owning a vehicle. With a Used Car Loan in Gwalior from Shriram Finance, you can spread the cost into affordable instalments. This loan is helpful for those planning to buy a car for personal or family use. You can choose from various car models as per your needs. In this guide, we will explain how the loan works and what you should know before applying.
Used Car Loan Types in Gwalior
Shriram Finance offers tailored second-hand car loan options in Gwalior, making it easier to own or refinance a vehicle. Select a loan plan that fits your financial needs and repayment capacity.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Gwalior
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
High Financing Percentage
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Gwalior
If you are looking for a used car loan in Gwalior, Shriram Finance provides financing with interest rates starting at 10%* p.a. These budget-friendly rates ensure that your monthly repayments remain affordable while helping you own a pre-owned vehicle with ease. Below are the important charges and fees associated with the 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 |
The second-hand car loan EMI calculator is a helpful tool to estimate your EMIs and interest rate before applying. It gives a clear breakdown of your repayment schedule, making financial planning smoother and hassle-free.
How to Use the Used Car Loan EMI Calculator
If you want to calculate your EMI before applying for a used car loan, the pre-owned car loan calculator is the perfect tool. Just enter your loan amount and tenure, and it will instantly generate an estimate. This helps you compare loan options and pick the right repayment plan without any guesswork.
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 Gwalior
Shriram Finance offers car refinancing options in Gwalior, helping you access additional funds by using your car's value without selling it. This facility allows you to secure funds while retaining ownership of your vehicle. With reasonable interest rates and convenient repayment terms, managing your finances becomes easier. However, this service is only available if your car has no existing loan, making it a beneficial option for those in need of urgent funds.
Eligibility and Documentation Criteria for Used Car Loan in Gwalior
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 Gwalior
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 Gwalior
We have set up branches in Gwalior to ensure hassle-free access to Shriram Finance services. Our locations are carefully chosen to provide convenience. Some key branches include:
Locate Us
Used Car Loan Customer Care in Gwalior
For customers in Gwalior, Shriram Finance offers expert customer care services to resolve any queries regarding Pre-owned Car Loans. Feel free to call us or visit one of our branches for further assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Gwalior
Tracking your Used Car Loan Status in Gwalior is easy. Visit Shriram Finance website, log in, and check the 'Loan Status' page using your loan account or application number. You may also reach out to customer care or visit a branch for more details.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Gwalior?
Yes, Shriram Finance provides Used Car Loans in Gwalior with a hassle-free process and quick approval. Different repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Gwalior?
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 tenure.
What is the interest rate on a Used Car Loan?
The interest rate begins at 10%* p.a., but the final rate may vary based on the applicant's profile and vehicle details.
What documents are required for a Used Car Loan in Gwalior?
Applicants must submit an application form, KYC documents, 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. For updated details, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Gwalior?
up to 85%* of the car's price can be financed, with the remaining 15%* to be paid as a down payment.
Can I apply for a Used Car Loan online in Gwalior?
Yes, applications can be submitted 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 Gwalior?
The loan can cover up to 85%* of the vehicle's value, with a minimum loan amount 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.