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Used Car Loans in Kohima
As Nagaland's capital, Kohima is a dynamic city with growing transport needs. While new cars can be expensive, many residents prefer pre-owned vehicles as a budget-friendly alternative. Used car loans in Kohima make it easier to afford a second-hand car by offering structured financing solutions. Instead of paying a lump sum, you can spread the cost into manageable instalments. Shriram Finance provides competitive interest rates and flexible repayment plans, helping you own a vehicle without financial strain. Whether you're upgrading your car or purchasing your first one, a loan simplifies the process.
Used Car Loan Types in Kohima
Shriram Finance provides various used car loan types in Kohima catering to different financial needs. Choose the loan type that aligns with your financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Kohima
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Kohima
Shriram Finance provides used car loans in Kohima with interest rates starting at 10%* p.a. These competitive rates make repayment simpler, ensuring a hassle-free car financing experience. The table below shows an overview of key charges and fees:
| 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 |
Calculate your monthly instalments instantly with our second-hand car loan EMI calculator. This tool helps you plan your finances effectively before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To calculate your monthly payments for a pre-owned car loan, simply input the loan amount and the repayment period. Our calculator will instantly provide an estimated EMI, enabling you to make informed financial decisions. Furthermore, this tool allows for the comparison of various loan scenarios to help you select the most suitable option.
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 Kohima
Looking to access funds in Kohima without parting with your car? Shriram Finance provides car refinancing, allowing you to leverage your vehicle's value. You'll benefit from attractive interest rates and repayment plans that fit your needs. Keep in mind, this option is for vehicles that are currently loan-free. This is a great way to address immediate financial requirements.
Eligibility and Documentation Criteria for Used Car Loans in Kohima
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 Kohima
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 Kohima
If you're in Kohima and need help with a used car loan, Shriram Finance is there to support you. We recommend using our branch locator to find the closest Shriram Finance office.
Locate Us
Used Car Loan Customer Care in Kohima
Need help with your used car loan in Kohima? Our customer support team is ready to assist you! Feel free to call us or visit our branch. Here's a table with our contact information:
Used Car Loan Status in Kohima
To check your used car loan status in Kohima, log in to your Shriram Finance account, 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 updates. We ensure you receive timely updates throughout your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Kohima?
Yes, we provide used car loans are available in Kohima with flexible financing options.
What are the eligibility criteria for a used car loan in Kohima?
To be eligible for a pre-owned car loan, you need to be an Indian resident and fall within the age bracket of 21* to 59* years at the loan's maturity. The income eligibility is based on the vehicle's model, age, and loan tenure.
What is the interest rate on a used car loan?
Our interest rates for used car loans begin at 10%* p.a., with the final rate depending on several factors.
What documents are required for a used car loan in Kohima?
Required documents for a used car loan include an application form, KYC documents, income proof, bank statements, and the vehicle's registration certificate. Note that specific requirements varying by loan profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan with Shriram Finance is up to 5%* of the loan amount.
What is the down payment required for a used car loan in Kohima?
Shriram Finance can finance up to 85%* of the car's value, requiring you to cover the remaining 15%* as a down payment.
Can I apply for a used car loan online in Kohima?
Yes, you can apply online for a used car loan in Kohima through the Shriram Finance website or the Shriram One mobile app using a straightforward process.
What is the maximum loan amount I can get for a used car in Kohima?
You can borrow 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.