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Used Car Loans in Kasaragod
For residents in Kasaragod seeking affordable vehicle options, second-hand cars are a practical choice. Shriram's Used Car Loans offer community-focused plans with interest rates starting from 10%* p.a. and up to 85%* loan coverage. The easy online application system ensures swift and hassle-free approvals. Check out this guide for insights on obtaining a Used Car Loan in Kasaragod.
Used Car Loan Types in Kasaragod
Shriram Finance offers multiple Used Car Loan choices in Kasaragod to suit various customer requirements. Consider each loan option carefully to find which one best suit your financial situation and needs.
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Kasaragod
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Terms
Timely Payment Reminders
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Used Car Loan Interest Rates in Kasaragod
Shriram Used Car Loan Interest Rates in Kasaragod start at a competitive 10%* p.a., ensuring our financing options are both appealing and easy on the pocket. Our interest rates are thoughtfully arranged to support doable repayment schedules, making second-hand car ownership an economically viable option.
| 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 |
Try our second-hand car loan EMI calculator to estimate your possible interest costs and monthly instalments. This valuable resource can help you organise your finances before taking on a loan.
How to Use the Used Car Loan EMI Calculator
To effectively use the pre-owned car loan EMI calculator, simply type in your chosen loan amount and select your preferred repayment length. The calculator will instantly provide your estimated monthly EMI, helping you adjust your financial planning. This simple tool clearly demonstrates how different loan amounts and repayment timeframes can affect your monthly payments, enabling you to select the option that best suits 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 Kasaragod
In Kasaragod, Shriram Finance offers valuable car refinancing options that let you use the value of your existing car to gain immediate funds without selling it. This service is a great way to leverage your vehicle's worth for various financial needs. Our refinancing solutions come with competitive interest rates and flexible repayment terms, helping you manage your finances comfortably while still driving your vehicle. This option is available when there are no existing loans on the car, providing a practical solution.
Eligibility and Documentation Criteria for Used Car Loans in Kasaragod
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
Required Documents:- 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 Kasaragod
Apply for a Used Car Loan is simple; follow these steps:
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 Kasaragod
Make use of the branch locator tool on the Shriram Finance website to find the nearest branch in Kasaragod or surrounding areas.
Locate Us
Used Car Loan Customer Care in Kasaragod
At Shriram Finance, we emphasise delivering exceptional customer care in Kasaragod, guaranteeing you get professional help with your pre-owned car loan inquiries. You can contact us by telephone or visit one of our local branches for personalised support.
Used Car Loan Status in Kasaragod
To track the status of your Used Car Loan in Kasaragod, log in securely to your account on the Shriram Finance website and visit the 'Loan Status' section. Enter your application or loan account number to access the most up-to-date information. You can also contact our knowledgeable customer care team directly or stop by one of our local branches to inquire about your loan status. We are committed to keeping you informed at every step of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Kasaragod?
Yes, you can get a Used Car Loan in Kasaragod from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Kasaragod?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Kasaragod?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Kasaragod?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Kasaragod?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Kasaragod?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a 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.