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Used Car Loans in Katihar
Katihar is a vital transport hub in Bihar and is known for its railway connectivity and growing infrastructure. As the city expands, owning a personal vehicle has become essential for convenient travel. While a new car may not always be budget-friendly, a pre-owned vehicle offers a practical alternative. With used car loans in Katihar, you can finance a second-hand car without straining your savings. Shriram Finance provides tailored loan solutions, offering amounts starting from ₹1 lakh* with repayment tenures of up to 48 months. The process is simple, requiring minimal documentation, making it easier for you to own a car without financial stress. Whether you need a vehicle for daily commutes or business purposes, a used car can provide comfort and reliability at a lower cost. Apply for a used car loan through Shriram Finance's seamless online platform or visit a nearby branch to get started today!
Used Car Loan Types in Katihar
Shriram Finance provides the following used car loan types in Katihar to meet various customer needs. Select the loan option that aligns with your financial requirements and goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Katihar
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Easy Online Application
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Katihar
Our used car loan interest rates in Katihar start from 10%* p.a., providing competitive financing solutions. Our interest rates are structured to help you manage repayments efficiently, ensuring that purchasing a pre-owned vehicle remains within reach. The table below outlines the interest rate and charges associated with our used car loans:
| 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 |
Our second-hand car loan EMI calculator allows you to estimate your repayments efficiently.
How to Use the Used Car Loan EMI Calculator
To utilise the pre-owned car loan calculator, simply enter your preferred loan amount and tenure. The calculator will instantly display your monthly EMI, assisting you in financial planning. It is a user-friendly tool designed to provide clarity on different loan amounts and repayment terms, helping you choose an option that aligns with 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 Katihar
With Shriram Finance's car refinancing facility, you can access funds while continuing to own your vehicle. This allows you to unlock your car's value for financing without the need to sell it. We provide competitive interest rates and flexible repayment options to suit your financial needs. This service is available for vehicles without any existing loans, offering greater financial flexibility.
Eligibility and Documentation Criteria for Used Car Loans in Katihar
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 Katihar
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 Katihar
Shriram Finance extends its services to Katihar, offering assistance with your pre-owned vehicle loan needs. For tailored support, we invite you to utilise our branch locator tool.
Locate Us
Used Car Loan Customer Care in Katihar
In case of any queries concerning your pre-owned car loan in Katihar, our customer service team is available to provide assistance. You can call us or you may visit one of our branches. Please refer to the table below for our customer care contact numbers:
Used Car Loan Status in Katihar
To track your used car loan status in Katihar, log into your account on the Shriram Finance website. Then, navigate to the 'Loan Status' section and enter your application or loan account number. You can also contact our customer service team or visit a branch for loan status inquiries. We aim to keep you updated throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Katihar?
Yes, we provide used car loans in Katihar, offering flexible and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Katihar?
To qualify for a used car loan, you must be an Indian resident, at least 21* years old, and not older than 59* years at the time of loan maturity. The income requirement depends on the vehicle's model, age, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates start from 10%* p.a.; however, the exact rate may vary depending on individual factors.
What documents are required for a used car loan in Katihar?
You will need to submit an application form, the vehicle's registration certificate, KYC documents, proof of income, and bank statements. The required documents may vary based on your profile and loan amount.
What is the processing fee for a used car loan?
The processing fee can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Katihar?
We offer up to 85%* financing of the vehicle's value, requiring you to make a down payment covering the remaining 15%*.
Can I apply for a used car loan online in Katihar?
Yes, you can apply for a used car loan online via the Shriram Finance website or through the Shriram One mobile app in just a few simple steps.
What is the maximum loan amount I can get for a used car in Katihar?
You can avail of a used car loan of up to 85%* of the vehicle's value, 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.