- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications4
Terms and Conditions
Used Car Loans in Mandsaur
Families in Mandsaur often travel to adjacent communities for shopping requirements and to access various services. Pre-owned vehicles allow residents to make these journeys more efficient. Used car loans in Mandsaur provide effective solutions for everyday travel needs. Shriram Finance delivers used car loans in Mandsaur with interest commencing at 10%* p.a. Our adaptable up to 48 months repayment terms help make car ownership more feasible for many families.
Used Car Loan Types in Mandsaur
Mandsaur residents can access specialised used car loan options from Shriram Finance, designed to fulfil diverse customer requirements. Choose the loan category that best meets your needs and financial position.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Mandsaur
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Regular Reminders
Easy Online Application
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Mandsaur
Shriram Used Car Loan Interest Rates in Mandsaur begin at 10%* p.a., providing economic and competitive financing solutions. Our interest rates are formulated to enable practical loan instalments, ensuring that acquiring a pre-owned vehicle remains within your budget constraints. Below you'll find a comprehensive breakdown of the primary 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 |
Enhance your financial strategy by utilising our second-hand car loan EMI calculator to estimate your anticipated interest rate and monthly obligations prior to proceeding with your loan application.
How to Use the Used Car Loan EMI Calculator
Leverage the convenient pre-owned car loan calculator to plan your used vehicle financing strategy. Input your preferred loan amount and select a suitable repayment timeframe to receive a prompt estimate of your monthly EMI responsibility. This useful tool was designed to simplify your loan planning journey. It accurately demonstrates how changes to loan values and tenure options impact your monthly instalments, helping you identify the most beneficial financing arrangement that matches your financial circumstances.
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 Mandsaur
Have a car but need money? Shriram Finance has the solution. Our refinancing service helps you get quick cash by using your car's value, while you keep driving your vehicle. We provide simple interest rates, and payment plans that make managing money easier. This service works best for cars without any existing loans, giving you a smart way to handle your financial needs.
Eligibility and Documentation Criteria for Used Car Loans in Mandsaur
To check used car loan eligibility online, prospective borrowers need to fulfil these standards. Document prerequisites may differ based on individual profiles and financing requirements.
Eligibility Criteria:- Residency: Accessible to all Indian residents.
- Age: At least 21* years old, not surpassing 59* years at loan conclusion.
- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
Required Documents:- To check used car loan eligibility online, particular paperwork is essential. The important documents comprise:
- KYC Documents: Authorised identity and address proof.
- Bank Statements: Recent banking records may be required.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
Step-by-Step Application Process for Used Car Loans in Mandsaur
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 Mandsaur
Shriram Finance has extended its Used Car Loan services to Mandsaur with a customer-friendly branch offering quick processing and minimal paperwork. Key locations include:
Locate Us
Used Car Loan Customer Care in Mandsaur
Experience personalised Pre-owned Car Loan assistance with Shriram Finance's dedicated support team and easily accessible local branch network.
Used Car Loan Status in Mandsaur
Discover the current state of your Used Car Loan Status by accessing your account on the Shriram Finance website. Go to the 'Loan Status' section and provide your application number or loan account number. You also have the option to call our customer service representatives or visit any branch in your area to obtain information about your loan application progress. We are committed to keeping you well-informed throughout all phases of the loan approval procedure.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Mandsaur?
Shriram Finance provides comprehensive pre-owned vehicle financing solutions in Mandsaur, crafting accessible and adaptable loan opportunities for local residents.
What are the eligibility criteria for a Used Car Loan in Mandsaur?
Applicants must be Indian nationals between 21* and 59* years old at loan maturity. Income prerequisites are evaluated based on vehicle specifications and chosen repayment framework.
What is the interest rate on a Used Car Loan?
Competitive interest rates begin at 10%* p.a., with final rates determined through personalised financial profile analysis.
What documents are required for a Used Car Loan in Mandsaur?
Documentation includes a fully completed application form, vehicle registration papers, comprehensive KYC verification, income documentation, and recent bank statements.
What is the processing fee for a Used Car Loan?
A processing fee of up to 5%* of the principal loan amount is applied to Used Car Loans.
What is the down payment required for a Used Car Loan in Mandsaur?
Financing covers up to 85%* of the vehicle's determined value, necessitating a 15%* customer contribution.
Can I apply for a Used Car Loan online in Mandsaur?
Convenient online application channels are accessible via Shriram Finance's website and Shriram One mobile application.
What is the maximum loan amount I can get for a used car in Mandsaur?
Loan financing extends up to 85%* of the vehicle's appraised value, with minimum loan amounts starting at ₹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.