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Used Car Loans in Kotkhai
Owning a car in Kotkhai makes travel smoother, whether for work or daily errands. However, the high cost of new vehicles can make ownership difficult. A used car provides a smart and budget-friendly solution, offering the same benefits at a lower price. At Shriram Finance, we help make car ownership affordable with our used car loans in Kotkhai. You can avail of a loan starting from ₹1 lakh* with a repayment tenure of up to 48 months. Our competitive interest rates and hassle-free online application process make financing a used car simple. With our support, you can drive home your preferred vehicle without financial strain.
Used Car Loan Types in Kotkhai
Shriram Finance offers used car loan types in Kotkhai to help you purchase or leverage your car's value. Choose the right loan based on your financial situation and needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Kotkhai
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Support
Used Car Loan Interest Rates in Kotkhai
Shriram Finance provides used car loan interest rates in Kotkhai starting at 10%* p.a. Our rates are designed to facilitate manageable repayments, thereby making the acquisition of pre-owned vehicles more attainable. Below is a summary of the essential charges and fees associated 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 |
Use our second-hand car loan EMI calculator to estimate your monthly instalments.
How to Use the Used Car Loan EMI Calculator
To determine the EMIs for your used car loan, input your loan amount and the duration of the loan. The pre-owned car loan calculator will promptly provide your monthly payment, enabling you to make well-informed financial choices. This calculator also facilitates the comparison of various loan options.
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 Kotkhai
Shriram Finance offers car refinancing solutions in Kotkhai. It allows you to access funds by leveraging the value of your vehicle without needing to sell it. This option comes with competitive interest rates and flexible repayment plans. It is available only if your car is not encumbered by any existing loans, making it a suitable option for immediate financial needs.
Eligibility and Documentation Criteria for Used Car Loans in Kotkhai
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 Kotkhai
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 Kotkhai
Shriram Finance operates in Kotkhai to cater to your needs for used car loans. Utilise our branch locator to identify the closest branch for tailored assistance.
Locate Us
Used Car Loan Customer Care in Kotkhai
Our dedicated customer service team in Kotkhai is available to help with any questions regarding pre-owned car loans. You can contact us by phone or visit one of our branches for assistance. Below, you will find a table that provides the customer care numbers for our services:
Used Car Loan Status in Kotkhai
To track your used car loan status in Kotkhai, log into your Shriram Finance account, go to the 'Loan Status' section, and enter your application or loan account number. Alternatively, you can reach out to our customer care team or visit a nearby branch for additional information. Ready to upgrade your ride? Get fast approval with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Kotkhai?
Yes, Shriram Finance offers used car loans in Kotkhai to help you own a pre-owned vehicle conveniently.
What are the eligibility criteria for a used car loan in Kotkhai?
Applicants should be Indian residents aged between 21* and 59* years at loan maturity. Other factors such as car model and income influence eligibility.
What is the interest rate on a used car loan?
Interest rates start at 10%* p.a., with final rates depending on multiple factors.
What documents are required for a used car loan in Kotkhai?
You will need KYC documents, income proof, bank statements, and the vehicle's registration certificate. Additional documents may be requested.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount applies.
What is the down payment required for a used car loan in Kotkhai?
You need to cover 15%* of the car's value, as we finance up to 85%* of the amount.
Can I apply for a used car loan online in Kotkhai?
Yes, applications can be submitted via the Shriram Finance website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Kotkhai?
You can avail a minimum of ₹1 lakh* and up to 85%* of the vehicle's value.
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.