- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications4
Terms and Conditions
Used Car Loans in Lohit
Lohit is expanding roadways and increasing commercial activity. The city has witnessed a rising need for private transport. Many residents choose pre-owned cars as they provide an economical and reliable commuting solution. Used car loans in Lohit enable you to finance your vehicle without making a large upfront payment. Shriram Finance offers customised loan options, making it easy to afford a used car through flexible repayment plans. Whether you need a vehicle for work, business, or personal use, a well-structured loan helps you drive home your preferred car with ease. With straightforward documentation and quick approvals, financing a pre-owned car is hassle-free.
Used Car Loan Types in Lohit
Shriram Finance provides various used car loan types in Lohit to meet the unique needs of customers. Choose the loan type that best fits your current financial situation and goals.
Pre-Owned Car Loan
Loan Against Car (Refinancing)
Features and Benefits of Used Car Loans in Lohit
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Car Refinancing Options
Easy Online Application
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Lohit
Considering a pre-owned vehicle in Lohit? Shriram Finance offers used car loan interest rates beginning at just 10%* p.a. This provides access to competitive financing solutions aimed at making car ownership more accessible. A summary of the important charges and fees related to our used car loans is provided 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 |
Before you apply for a used car loan, our second-hand car loan EMI calculator can help you figure out your estimated monthly payments and the total interest you might pay. This way, you can plan your finances more effectively and choose a loan that fits your budget comfortably.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, just enter the loan amount you're considering and the repayment period you prefer. The calculator will immediately show you your estimated monthly EMI. This helps you understand your financial commitment. By playing around with different loan amounts and repayment durations, you can see various repayment scenarios and pick the one that works best for you.
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 Lohit
In Lohit, Shriram Finance provides the option to refinance your car. This facilitates accessing funds based on its value without needing to sell it. Thus, you can obtain immediate cash for various financial requirements while still retaining the use of your vehicle. Our refinancing solutions feature competitive interest rates and flexible repayment schedules, making it a convenient financial tool. Note that there should be no existing loans on the car.
Eligibility and Documentation Criteria for Used Car Loans in Lohit
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 Lohit
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 Lohit
For your convenience, Shriram Finance has a presence in Lohit. Utilise our branch locator to find the closest one for support with your used car loan needs.
Locate Us
Used Car Loan Customer Care in Lohit
If you have any questions regarding a pre-owned car loan, our dedicated customer care team is here to help. Feel free to call us or visit any of our branches for personalised assistance.
Used Car Loan Status in Lohit
To track the status of your used car loan in Lohit, simply log in to your Shriram Finance account on our website and go to the 'Loan Status' section. You'll need to enter your application or loan account number. You can also get updates by calling our customer care number or visiting a branch. We are committed to maintaining complete transparency throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Lohit?
Yes, used car loans with adaptable and user-friendly financing for pre-owned vehicles are available in Lohit.
What are the eligibility criteria for a used car loan in Lohit?
To be eligible, you should be an Indian resident aged 21* years to 59* at the loan's maturity. The necessary income level is determined by factors like the car's model and age, as well as your chosen repayment period.
What is the interest rate on a used car loan?
Our used car loan interest rates begin at 10%* p.a., though the specific rate applicable to you may differ based on individual circumstances.
What documents are required for a used car loan in Lohit?
Generally, you'll need to provide a completed application form, the vehicle's registration certificate, your KYC documents, proof of income, and bank statements. The precise list of required documents might vary depending on your individual profile and the loan amount.
What is the processing fee for a used car loan?
The processing fee for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Lohit?
We typically finance up to 85%* of the car's value, meaning you would generally need to provide the remaining 15%* as a down payment.
Can I apply for a used car loan online in Lohit?
Certainly, you have the option to apply for a used car loan online via the Shriram Finance website or the Shriram One mobile application.
What is the maximum loan amount I can get for a used car in Lohit?
You can typically borrow up to 85%* of the vehicle's value, with loan amounts starting from a minimum 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.