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Used Car Loan in Jammu
Need a second-hand car in Jammu? A Used Car Loan in Jammu from Shriram Finance can help you get one without paying the full amount at once. Whether it's for daily commutes, family needs, or business use, you can choose a car that suits your budget. Understanding the loan process, eligibility, and required documents can make your journey smoother. This guide will provide all the essential details to help you apply with ease.
Used Car Loan Types in Jammu
Shriram Finance provides practical second-hand car loan solutions in Jammu for customers seeking financial support. Choose the loan type that best suits your financial situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Jammu
Flexible Repayment Tenures
Regular Reminders
High Financing Percentage
Competitive Interest Rates
Easy Online Application
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Jammu
The Used Car Loan in Jammu from Shriram Finance comes with interest rates starting at 10%* p.a., making it easier to finance a second-hand car without financial stress. These competitive rates ensure your repayments remain within your budget.
| 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 |
Below is a detailed list of the charges and fees associated with our Used Car Loan.
How to Use the Used Car Loan EMI Calculator
Use our second-hand car loan EMI calculator to get a quick estimate of your EMIs and interest rate. This tool allows you to compare options and choose a repayment plan that fits your financial situation.The pre-owned car loan calculator makes it simple to estimate your EMI before applying. Enter your loan amount and tenure, and the tool will instantly display your expected EMI. This allows you to assess repayment terms and compare different loan options to select the best one.
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 Jammu
Shriram Finance provides car refinancing options in Jammu, giving you access to additional funds while keeping your car. This facility allows you to make use of your car's value without selling it. With competitive interest rates and convenient repayment terms, managing your finances becomes easier. However, this option is available only if your car does not have an active loan, making it a suitable choice for urgent monetary needs.
Eligibility and Documentation Criteria for Used Car Loan in Jammu
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 Loan in Jammu
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 Jammu
To offer smooth and quick service, Shriram Finance has branches in Jammu. These are located in easily accessible areas, ensuring convenience for our customers. Some of the key locations include:
Locate Us
Used Car Loan Customer Care in Jammu
Shriram Finance provides prompt and efficient customer care services in Jammu to address your Pre-owned Car Loan queries. You can connect with us via phone or visit a branch for support. Below are our used car loan customer care numbers:
Used Car Loan Status in Jammu
Checking your Used Car Loan Status in Jammu is simple. Log in to the Shriram Finance website, navigate to 'Loan Status', and enter your loan details. You may also reach out to customer care or visit a branch for assistance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Jammu?
Yes, Shriram Finance provides Used Car Loans in Jammu with an easy application process and quick approval. Multiple repayment options are available.
What are the eligibility criteria for a Used Car Loan in Jammu?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. The required income is based on the car's model, condition, and loan tenure.
What is the interest rate on a Used Car Loan?
The interest rate starts from 10%* p.a., but the final rate depends on the borrower's financial profile and car details.
What documents are required for a Used Car Loan in Jammu?
Documents include the application form, KYC papers, proof of income, bank statements, and the car's registration certificate. Other documents may be required based on the loan amount.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. The latest charges can be checked on Shriram Finance's website.
What is the down payment required for a Used Car Loan in Jammu?
up to 85%* of the car's price can be financed, while the buyer must pay the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Jammu?
Yes, applications can be submitted online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Jammu?
The loan amount can be 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.