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Used Car Loans in Indora
Residents of Indora consider owning a car as it provides a greater sense of freedom and flexibility. However, the high cost of new vehicles can be a barrier for many. Used car loans offer a way to overcome this challenge. At Shriram Finance, we provide used car loans in Indora to help you secure a pre-owned car with affordable monthly payments. Our offerings include competitive interest rates and minimal documentation. Used car loans are an ideal option for those looking to own a vehicle without the burden of an upfront payment. Start your car ownership journey today! Apply online or visit a branch.
Used Car Loan Types in Indora
Shriram Finance provides a range of used car loan types in Indora designed to meet various customer needs. Choose the financing option that best meets your requirements.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Indora
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Used Car Loan Interest Rates in Indora
Shriram Finance provides used car loan interest rates in Indora starting at 10%* p.a., making it easier than ever to own a pre-owned vehicle. With our manageable repayment structures, you can rest assured knowing repayments will fit seamlessly within budget constraints. We've outlined the associated charges and fees below:
| 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 get an instant estimate of your interest rate and monthly instalments. This tool allows you to plan your finances effectively before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To calculate your pre-owned car loan EMIs, simply enter your loan amount and tenure. The calculator will instantly display your monthly instalment, helping you make informed financial decisions. The pre-owned car loan calculator allows you to compare different loan options and select the best one for 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 Indora
You can use the value of your car with Shriram Finance's refinancing, gaining access to funds without the need to sell. This method provides swift financial assistance while you continue using your vehicle. With appealing interest rates and flexible repayment terms, our refinancing is built for your convenience. To qualify, your car must be clear of any active loans.
Eligibility and Documentation Criteria for Used Car Loans in Indora
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 Indora
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 Indora
Shriram Finance has a presence in Indora to assist you with your used car loan requirements. Use our branch locator to find the nearest branch for personalised support.
Locate Us
Used Car Loan Customer Care in Indora
Our dedicated customer service team in Indora is available to address all pre-owned car loan queries. You can contact us via phone or visit a branch for assistance. Here is a table providing customer care numbers for our services.
Used Car Loan Status in Indora
To track your used car loan status in Indora, log in to your Shriram Finance account, go to the 'Loan Status' section, and enter your application or loan account number. You can also call our customer care team or visit a branch for updates. 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 Indora?
Yes, it is possible to secure a used car loan in Indora from Shriram Finance.
What are the eligibility criteria for a used car loan in Indora?
To qualify, you must be an Indian resident, aged 21* to 59* years at loan maturity. Income requirements vary depending on the car's model, age, and repayment term.
What is the interest rate on a used car loan?
Our used car loan interest rates start at 10%* p.a. The precise rate offered will be subject to an assessment of your individual eligibility.
What documents are required for a used car loan in Indora?
The documents required for a used car loan include an application form, KYC documents, income proof, bank statements, and the vehicle's registration certificate. The precise documentation required may vary based on your personal profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Indora?
We finance up to 85%* of the car's value, so you will need to arrange the remaining 15%* as a down payment.
Can I apply for a used car loan online in Indora?
Yes, you can apply online for a used car loan in Indora through the Shriram Finance website or the Shriram One mobile app by following a simple process.
What is the maximum loan amount I can get for a used car in Indora?
You can borrow up to 85%* of the vehicle's value as a loan, with the minimum loan amount 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.