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Used Car Loans in Lawngtlai
In a place like Lawngtlai, having a car can bring greater mobility and convenience. However, purchasing a brand-new vehicle might not always be financially feasible. Used car loans in Lawngtlai offer an excellent alternative, helping you own a reliable pre-owned vehicle without a heavy financial burden. Shriram Finance provides customised loan options to ensure a smooth and affordable borrowing experience. With used car loans in Lawngtlai, you can finance up to 85%* of the car's value, making ownership more accessible. Whether you need a car for everyday travel or business use, our financing options are designed to meet your specific requirements. Shriram Finance makes the loan process seamless with minimal paperwork and quick processing. If you are planning to buy a pre-owned vehicle, our financing solutions can help you do so without financial stress.
Used Car Loan Types in Lawngtlai
Shriram Finance provides a range of used car loan types in Lawngtlai designed to meet various customer needs. Choose the loan type that aligns with your financial situation and requirements.
Second-Hand Car Loan
Car Refinance (Loan Against Car)
Features and Benefits of Used Car Loans in Lawngtlai
Competitive interest rates
Flexible repayment tenures
High financing percentage
Regular reminders
Easy online application
Car refinancing options
Customised loan solutions
Dedicated customer service
Used Car Loan Interest Rates in Lawngtlai
Shriram Finance provides used car loan interest rates in Lawngtlai with competitive interest rates starting from 10%* p.a., making vehicle ownership more accessible. We offer structured repayment plans to simplify the financial burden of purchasing a second-hand car. Here is a table to understand the key fees and charges below:
| 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 get an idea of your potential monthly payments. This too can help you plan your finances effectively before you apply.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, enter your desired loan amount and tenure. The calculator will instantly display your monthly EMI, helping you plan your finances effectively. This tool enables you to compare different loan scenarios to find the option that best suits 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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Lawngtlai
Shriram Finance offers efficient car refinancing solutions in Lawngtlai. This means you can borrow against your vehicle's value without selling it. Benefit from our flexible repayment plans and competitive interest rates. This option is available for cars with no existing loans, providing a convenient way to access funds.
Eligibility and Documentation Criteria for Used Car Loans in Lawngtlai
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 Lawngtlai
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 Lawngtlai
Shriram Finance is available in Lawngtlai to assist you with financing your pre-owned vehicle. Visit the nearest branch for personalised support and hassle-free loan processing.
Locate Us
Used Car Loan Customer Care in Lawngtlai
Need help with your pre-owned car loan in Lawngtlai? Reach out to Shriram Finance customer care for guidance on loan applications, repayments, and other queries.
Used Car Loan Status in Lawngtlai
To track your used car loan status in Lawngtlai, visit the Shriram Finance website and navigate to the 'Loan Status' section. Enter your application or loan account number to check your status. You can also visit a branch or reach out to customer care for assistance. We ensure regular communication throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Lawngtlai?
Yes, Shriram Finance provides used car loans in Lawngtlai. We ensure accessible and flexible financing options for purchasing pre-owned cars.
What are the eligibility criteria for a used car loan in Lawngtlai?
To be eligible for a used car loan in Lawngtlai, you must be an Indian resident aged between 21* years and 59* years at loan maturity. Income eligibility is determined by considering factors such as the vehicle's model and age, in addition to the loan's repayment tenure.
What is the interest rate on a used car loan?
Used car loan interest rates offered by Shriram Finance begin at 10%* p.a. However, the final rate may vary based on individual eligibility and loan terms.
What documents are required for a used car loan in Lawngtlai?
To apply, need to submit an application form, vehicle registration certificate, KYC documents, income proof, and bank statements. The exact documentation may differ depending on your profile and loan amount.
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 Lawngtlai?
We offer up to 85%* financing of the vehicle's value, requiring a minimum down payment of 15%*.
Can I apply for a used car loan online in Lawngtlai?
Yes, you can apply for a used car loan in Lawngtlai online through the Shriram Finance website or via the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Lawngtlai?
The used car loan amount can go up to 85%* of the car's assessed value, with a minimum loan amount of âı1 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.