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Used Car Loan in Jabalpur
Buying a second-hand car in Jabalpur can be a smart decision for daily travel or family use. A Used Car Loan in Jabalpur from Shriram Finance helps you get the required funds without paying the full amount upfront. This makes car ownership easier and more manageable. With a simple application process and minimal documentation, you can finance your car conveniently. Understanding the eligibility criteria and loan process beforehand can help you apply with confidence.
Used Car Loan Types in Jabalpur
Shriram Finance presents flexible second-hand car loan options in Jabalpur, helping customers meet their vehicle financing needs. Select a loan that best matches your financial planning and needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Jabalpur
High Financing Percentage:
Competitive Interest Rates:
Flexible Repayment Tenures:
Regular Reminders:
Dedicated Customer Service:
Customised Loan Solutions:
Car Refinancing Options:
Easy Online Application:
Used Car Loan Interest Rates in Jabalpur
With a used car loan in Jabalpur from Shriram Finance, you can own a pre-owned vehicle with interest rates starting at 10%* p.a. These rates are planned to ensure affordable EMIs, making car ownership easier without financial burden.
| 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 |
Easily plan your loan repayments with our second-hand car loan EMI calculator. By entering basic details, you can check your estimated EMIs and interest rate, ensuring a well-informed financial decision.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is simple. Just choose your desired loan amount and tenure, and the calculator will instantly generate your estimated EMI. This helps you get a clear idea of your repayment schedule before applying. The calculator is designed to show how different loan amounts and tenures affect your EMI, helping you make a well-informed decision. It is a convenient tool to ensure that your loan fits within your financial plan.
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 Jabalpur
With car refinancing options in Jabalpur from Shriram Finance, you can access funds using your car's value while still keeping ownership. This service provides immediate financial relief without the need to sell your vehicle. We offer competitive interest rates and flexible repayment terms to make loan management stress-free. However, this facility is only available if your car is free from any active loans, making it a useful financial option when in need of funds.
Eligibility and Documentation Criteria for Used Car Loan in Jabalpur
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 Jabalpur
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 Jabalpur
Shriram Finance has branches in Jabalpur, ensuring that customers can access our services without difficulty. Some key locations include:
Locate Us
Used Car Loan Customer Care in Jabalpur
Shriram Finance offers reliable customer care support in Jabalpur to address all your Pre-owned Car Loan queries. Contact us via phone or visit one of our branches for further help. Below are our used car loan customer care numbers:
Used Car Loan Status in Jabalpur
Checking your Used Car Loan Status in Jabalpur is simple. Just log in to Shriram Finance website, go to the 'Loan Status' section, and enter your loan account or application number. You can also contact our support team or visit a branch with any queries.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Jabalpur?
Yes, Shriram Finance offers Used Car Loans in Jabalpur with a smooth process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Jabalpur?
To qualify, an applicant must be an Indian citizen aged between 21* and 59* years at loan maturity. The required income depends on the car's model, age, and loan period.
What is the interest rate on a Used Car Loan?
The interest rate starts from 10%* p.a., but the final rate may vary based on the applicant's financial profile and vehicle details.
What documents are required for a Used Car Loan in Jabalpur?
Applicants must submit an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be required.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. Visit Shriram Finance's website for updated charges.
What is the down payment required for a Used Car Loan in Jabalpur?
up to 85%* of the car's value can be financed, with the buyer paying the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Jabalpur?
Yes, applications can be completed online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Jabalpur?
The loan amount can go up to 85%* of the vehicle'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.