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Used Car Loans in Mandya
Looking for affordable transport in Mandya? Opting for a second-hand car can be a smart choice. Shriram's Used Car Loans in Mandya provide flexible financing options tailored for residents. With interest rates starting from 10%* p.a. and loans covering up to 85%* of the car's value, owning a dependable used vehicle becomes easy. The online application process ensures quick approvals without hassle. Refer to this guide to know how to apply for a Used Car Loan in Mandya.
Used Car Loan Types in Mandya
Shriram Finance provides various Used Car Loan options in Mandya to suit different customer needs. Examine each loan option to find the best match for your financial situation.
Pre-Owned Car Loan
Car Refinancing
Features and Benefits of Used Car Loans in Mandya
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Terms
Timely Payment Reminders
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Used Car Loan Interest Rates in Mandya
In Mandya, Shriram Used Car Loan Interest Rates begin at an attractive 10%* p.a., making our financing options affordable. Our interest rates are structured to support realistic repayment plans, making it easier for you to own a second-hand vehicle.
| 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 loans EMI calculator to estimate your interest costs and monthly payments, assisting you in financial organisation before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To effectively utilise the pre-owned car loan EMI calculator, just enter your chosen loan amount and select your repayment duration. The calculator will quickly give you an estimated monthly EMI, aiding in your financial planning. This straightforward tool illustrates how different loan amounts and repayment periods can impact your payments, enabling you to choose the best fit 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 Mandya
Shriram Finance offers advantageous car refinancing options in Mandya, allowing you to tap into the value of your existing vehicle for immediate funds without having to sell it. This service provides a great way to leverage your car's worth for various financial needs. Our refinancing solutions come with competitive interest rates and flexible repayment plans, ensuring you can comfortably manage your finances while continuing to use your vehicle. This option is available when there are no existing loans on the car, providing a practical and convenient financial solution.
Eligibility and Documentation Criteria for Used Car Loans in Mandya
To assess your used car loan eligibility online, you'll need to meet these essential 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 Mandya
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 Mandya
Utilise the easy branch locator tool on the Shriram Finance website to identify the closest branch in Mandya or in nearby locations.
Locate Us
Used Car Loan Customer Care in Mandya
At Shriram Finance, we prioritise exceptional customer care in Mandya, ensuring you receive expert help with your pre-owned car loan inquiries. You can easily contact us via telephone or stop by one of our local branches for personalised assistance.
Used Car Loan Status in Mandya
To view your Used Car Loan Status in Mandya, simply log in safely to your account on the Shriram Finance website and go to the 'Loan Status' section. Once there, input your application number or loan account number to obtain the most recent information. To inquire about your Used Car Loan Status in Mandya, log into your account securely on the Shriram Finance website and go to the 'Loan Status' section. Enter your application or loan account number to get the latest updates. You can also reach out to our customer care team directly or visit one of our branches for questions regarding your loan status. We are committed to keeping you well-informed at every stage of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Mandya?
Yes, you can get a Used Car Loan in Mandya from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Mandya?
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 Mandya?
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 Mandya?
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 Mandya?
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 Mandya?
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.