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Used Car Loans in Khanna
With Khanna's expanding roadways and increasing mobility needs, owning a car has become essential for many. Choosing a pre-owned vehicle allows you to enjoy the benefits of ownership at a lower cost. If you're considering a second-hand car, financing your purchase through used car loans in Khanna can make the process easier. Shriram Finance empowers individuals to achieve their dream of car ownership through accessible and affordable used car loans. Recognising that every customer's financial situation is unique, we offer diverse loan tenures. With a streamlined application process and robust customer support, Shriram Finance ensures a smooth and stress-free journey. Apply today and take a step towards owning your car without financial stress.
Used Car Loan Types in Khanna
Shriram Finance offers two used car loan types in Khanna to meet different financial needs. Select the loan type that aligns best with your financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Khanna
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Khanna
Shriram Finance offers used car loan interest rates starting at 10%* p.a., making car ownership more affordable. Our structured loan options ensure manageable repayments, making it easier to purchase a pre-owned car. Below is an overview of the associated charges:
| 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 estimate your monthly instalments before applying. This online tool can help you plan your repayments efficiently.
How to Use the Used Car Loan EMI Calculator
Enter the loan amount and tenure into our pre-owned car loan EMI calculator for an instant estimate of your monthly instalments. This tool helps you compare loan options and choose the most suitable 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 Khanna
Residents of Khanna can benefit from Shriram Finance's car refinancing facility, which allows you to unlock the value of your car while continuing to use it. This option comes with flexible repayment plans and competitive interest rates, provided your vehicle is free from existing loans.
Eligibility and Documentation Criteria for Used Car Loans in Khanna
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 Khanna
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 Khanna
Visit a Shriram Finance branch in Khanna for assistance with your used car loan. Use our branch locator tool to find the nearest office.
Locate Us
Used Car Loan Customer Care in Khanna
Our dedicated customer care team in Khanna is available to help with any used car loan-related queries. You can reach us via phone or visit a branch for assistance.
Used Car Loan Status in Khanna
Easily track your used car loan status in Khanna by logging into your Shriram Finance account. Navigate to the 'Loan Status' section and enter your application or loan number. Alternatively, you can contact customer support or visit a branch for real-time updates. Experience a hassle-free used car financing journey in Khanna with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Khanna?
Yes, we offer used car loans in Khanna with financing solutions designed to make pre-owned car ownership simple and cost-effective.
What are the eligibility criteria for a used car loan in Khanna?
To qualify for a used car loan in Khanna, you must be an Indian resident between 21* years and 59* years at the time of loan maturity. Your eligibility is determined based on the car's model, age, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates start at 10%* p.a., but the final rate may vary depending on your financial profile and loan terms.
What documents are required for a used car loan in Khanna?
To apply, you need a completed loan application, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. The exact requirements may vary based on the loan amount and applicant profile.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount may apply to used car loans.
What is the down payment required for a used car loan in Khanna?
We finance up to 85%* of the car's price, meaning you must contribute at least 15%* as a down payment.
Can I apply for a used car loan online in Khanna?
Yes, you can apply for a used car loan online via the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Khanna?
You can avail financing of up to 85%* of the car's value, with a minimum loan amount of ₹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.