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Used Car Loan in Kollam
Want to buy a second-hand car in Kollam? A Used Car Loan in Kollam from Shriram Finance can help you get the car you need without paying the full amount at once. Whether for work, personal use, or family travel, this loan provides the necessary financial support. Knowing the eligibility, required documents, and loan process beforehand can make your application easier. This guide will walk you through all the important details to help you apply with confidence.
Used Car Loan Types in Kollam
Shriram Finance provides second-hand car loan solutions in Kollam to simplify used car financing. Select a loan plan that best meets your financial needs.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Kollam
Competitive Interest Rates
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Customised Loan Solutions
Car Refinancing Options
Easy Online Application
Used Car Loan Interest Rates in Kollam
The Used Car Loan in Kollam from Shriram Finance offers competitive interest rates starting at 10%* p.a., ensuring that financing a pre-owned car is affordable. These rates help keep your monthly EMIs manageable, making it easier to own a used car without financial burden. Below is a list of key charges and fees that come with our Used Car Loan.
| 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 |
You can also use our second-hand car loan EMI calculator to check your estimated interest rate and EMIs. This tool helps you plan your loan repayments in advance.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is easy. Simply select your preferred loan amount and tenure, and the calculator will instantly show your estimated EMI. This gives you a clear understanding of your repayment plan before applying. The tool also helps you see how different loan amounts and tenures impact your EMI, allowing you to choose wisely. It is a useful way to ensure your loan 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 Kollam
With car refinancing options in Kollam from Shriram Finance, you can unlock extra funds by using your car's value without selling it. This option helps you meet urgent financial needs while keeping your vehicle. We provide competitive interest rates and flexible repayment terms to make repayment easier. This facility is only available if there are no existing loans on the car, making it a great financial solution for those looking for quick funds.
Eligibility and Documentation Criteria for Used Car Loan in Kollam
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:- Residency: All Indian residents.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- Income: Requirements vary based on the vehicle model, age, and repayment tenure.
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 Loan in Kollam
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 Kollam
Shriram Finance has multiple branches in Kollam to make banking and loan services easily accessible for you. These branches are located in key parts of the city so that you can visit without hassle. A few important locations are:
Locate Us
Used Car Loan Customer Care in Kollam
To assist you better, Shriram Finance offers special customer care services in Kollam for all Pre-owned Car Loan-related questions. You can reach out to us over the phone or visit a nearby branch for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Kollam
To track your Used Car Loan Status in Kollam, log in to your account on the Shriram Finance website. Go to the 'Loan Status' page and submit your application number or loan account number. You may also contact our customer care or visit one of our branches. We keep you updated about your loan at all stages.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Kollam?
Yes, you can apply for a Used Car Loan in Kollam through Shriram Finance. The loan comes with flexible repayment options and simple steps for quick approval. You can choose a loan amount depending on the car's value and your repayment ability.
What are the eligibility criteria for a Used Car Loan in Kollam?
To be eligible, you should be an Indian resident aged 21* years or older but not more than 59* years at loan closure. Income needed depends on vehicle type, model, and repayment period.
What is the interest rate on a Used Car Loan?
Interest rates start from 10%* p.a. but may change depending on car type, age, and borrower profile.
What documents are required for a Used Car Loan in Kollam?
Documents needed are an application form, KYC, income proof, bank statements, and vehicle registration certificate. Extra documents may be required based on the loan profile.
What is the processing fee for a Used Car Loan?
Processing charges are up to 5%* of the loan. To know more, visit Shriram Finance website for current fees and rates.
What is the down payment required for a Used Car Loan in Kollam?
Shriram Finance funds up to 85%* of car's value. You will pay 15%* as down payment.
Can I apply for a Used Car Loan online in Kollam?
Yes, you can easily apply online using Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Kollam?
Loans are available up to 85%* of car's price, with minimum 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.