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Used Car Loans in Malegaon
For the residents of Malegaon seeking an affordable and reliable mode of transportation, purchasing a pre-owned car can be an excellent solution. Shriram offers Used Car Loans in Malegaon, providing adaptable and accessible financing options tailored to the local market. With attractive interest rates starting at 10%* p.a. and financing available for up to 85%* of the vehicle's value, owning a quality used car becomes a realistic aspiration. The application process is designed for ease and convenience, featuring an online portal that ensures quick approvals and a hassle-free experience. This guide is your comprehensive resource to understand the features, benefits, and application process for securing a Used Car Loan in Malegaon.
Used Car Loan Types in Malegaon
Shriram Finance offers several types of Used Car Loan options in Malegaon, catering to various customer requirements. Carefully consider the loan type that aligns best with your individual financial circumstances and needs.
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Malegaon
Regular Payment Reminders
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Terms
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Malegaon
Shriram Used Car Loan Interest Rates in Malegaon start at a competitive rate of 10%* p.a., making our financing options both attractive and affordable. Our interest rates are structured to support manageable repayment schedules, ensuring that owning a pre-owned car remains an economically viable option for you.
| 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 potential interest obligations and monthly payments. This invaluable tool can help you better plan your finances before committing to a loan.
How to Use the Used Car Loan EMI Calculator
To effectively use the pre-owned car loan EMI calculator, simply enter your desired loan amount and select your preferred repayment tenure. The calculator will instantly provide your estimated monthly EMI, allowing you to fine-tune your financial planning. This intuitive tool illustrates how different loan amounts and repayment terms can impact your monthly payments, enabling you to select the most suitable option for 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 Malegaon
Shriram Finance offers car refinancing options in Malegaon, allowing you to leverage the value of your existing car to access immediate funds without having to sell it. This service helps you utilise your car's equity for various financial needs that may arise. Our refinancing solutions come with competitive interest rates and flexible repayment terms, ensuring that you can easily manage your finances while continuing to drive your vehicle. This option is available if there are no existing loans on the car, making it a practical and convenient financial solution.
Eligibility and Documentation Criteria for Used Car Loans in Malegaon
To check your used car loan eligibility online, you must meet the following criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
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 Loans in Malegaon
Applying for a Used Car Loan is simple; follow these steps:
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 Malegaon
Shriram Finance has branches located in Malegaon, ready to serve you better. Please use our branch locator tool on our website to find the nearest branch in Malegaon or the surrounding area.
Locate Us
Used Car Loan Customer Care in Malegaon
Shriram Finance offers dedicated customer care services in Malegaon to assist with all your pre-owned car Loan queries. You can contact us via phone or visit a local branch for personalised assistance and support.
Used Car Loan Status in Malegaon
To check your Used Car Loan Status in Malegaon, simply log in to your account on the Shriram Finance website and navigate to the 'Loan Status' section. Then, enter your application number or loan account number. Alternatively, you can contact our customer care team or visit one of our branches to inquire about your loan status. We strive to keep you updated throughout the entire loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Malegaon?
Yes, you can get a Used Car Loan in Malegaon from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Malegaon?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Malegaon?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Malegaon?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Malegaon?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Malegaon?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a minimum loan amount starting from 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.