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Used Car Loans in Mangalagiri
Mangalagiri is famous for its handloom industry and is growing as a satellite town near Amaravati in Andhra Pradesh. It fosters circumstances where owning a personal vehicle substantially improves mobility and efficiency. For numerous locals, purchasing a second-hand car represents an affordable option compared to the higher costs of new car ownership. Used car loans in Mangalagiri offer the financial assistance essential to realise this purchase. Shriram Finance stands out as a reliable financial partner providing used car loans in Mangalagiri, with 10%* p.a. interest rates, repayment periods up to 48 months, and fast approvals to address the wide-ranging needs of vehicle purchasers in this developing urban centre.
Used Car Loan Types in Mangalagiri
For Mangalagiri residents, Shriram Finance delivers comprehensive used car loan options customised to fulfil different customer objectives. Choose the loan type that best accommodates your unique needs and financial context.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Mangalagiri
Competitive Interest Rates
Regular Reminders
High Financing Percentage
Flexible Repayment Tenures
Easy Online Application
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Mangalagiri
Shriram Used Car Loan Interest Rates in Mangalagiri initiate at 10%* p.a., offering affordable and competitive financing plans. Our interest rates are crafted to support manageable loan repayments, ensuring that obtaining a second-hand vehicle remains within your budgetary boundaries. Below is a comprehensive overview of the fundamental charges and fees connected to 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 |
Improve your financial readiness by utilising our second-hand car loan EMI calculator to estimate your applicable interest rate and monthly expenditures before finalising your loan submission.
How to Use the Used Car Loan EMI Calculator
The precision-engineered pre-owned car loan calculator simplifies used vehicle financing decisions. Choose your desired loan amount and preferred repayment period to instantly receive your projected monthly EMI figure. This user-friendly tool was created to enhance your loan planning process. By demonstrating how various combinations of loan amounts and tenure selections impact your monthly repayment obligations, it helps you identify the optimal financing arrangement that fits comfortably within your budget constraints.
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 Mangalagiri
In Mangalagiri, Shriram Finance delivers car refinancing programs that help you tap into your vehicle's hidden value without parting with it. This financial arrangement allows you to convert your car's equity into prompt liquidity for addressing diverse monetary challenges. Featuring competitive interest rates and flexible repayment structures, Shriram Finance ensures you can navigate your financial responsibilities efficiently while keeping full control of your vehicle. This refinancing initiative is specifically formulated for cars without any existing financing, providing a practical financial option when you require extra capital for personal or business purposes.
Eligibility and Documentation Criteria for Used Car Loans in Mangalagiri
To check used car loan eligibility online, candidates must fulfil these prerequisites. Documentation needs may vary according to applicant circumstances and financing needs.
Eligibility Criteria:- Income: Requirements vary according to the vehicle's brand, age, and preferred loan tenure.
- Age: Minimum 21* years old, not exceeding 59* years when the loan terminates.
- Residency: Open to all residents of India.
Required Documents:- To check used car loan eligibility online, specific documentation is required. The key papers include:
- Income Proof: Salary slips for employed individuals; financial returns for self-employed applicants.
- Bank Statements: Recent financial activity records might be necessary.
- KYC Documents: Officially recognised proof of identity and residential address.
- Vehicle Documents: Comprehensive registration details and valid insurance information for the pre-owned vehicle.
Step-by-Step Application Process for Used Car Loans in Mangalagiri
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 Mangalagiri
The Shriram Finance branch in Mangalagiri serves both local residents and nearby Guntur with specialised Used Car Loan expertise. Key locations include:
Locate Us
Used Car Loan Customer Care in Mangalagiri
Shriram Finance delivers comprehensive customer care for Pre-owned Car Loan inquiries in Mangalagiri. You can receive tailored guidance by calling our support representatives or by visiting any of our branch offices within your locality. Our used car loan customer service contact details are provided as follows:
Used Car Loan Status in Mangalagiri
To check your Used Car Loan Status in Mangalagiri, sign into your account on the Shriram Finance website, navigate to the 'Loan Status' section and input your application number or loan account number. Another option is to reach our customer service team by phone or visit any nearby branch to receive updates about your loan application. We strive to ensure you remain updated during every stage of the loan approval process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Mangalagiri?
Yes, Shriram Finance extends Used Car Loans in Mangalagiri. The organisation delivers flexible and accessible financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Mangalagiri?
To be eligible for a Used Car Loan in Mangalagiri, you must be an Indian resident, have completed 21* years of age, and not be older than 59* years at loan maturity. Income criteria will differ according to the vehicle type, its age, and your preferred repayment tenure.
What is the interest rate on a Used Car Loan?
Interest rates for Used Car Loans provided by Shriram Finance commence at 10%* p.a.. The final rate offered will depend on various elements of your financial profile.
What documents are required for a Used Car Loan in Mangalagiri?
Necessary documentation comprises a completed application form, the vehicle's registration papers, KYC documents, proof of income, and recent banking statements. Document requirements may vary depending on your individual circumstances and the loan amount requested.
What is the processing fee for a Used Car Loan?
Shriram Finance charges a processing fee of up to 5%* of the principal loan amount for Used Car Loans.
What is the down payment required for a Used Car Loan in Mangalagiri?
Shriram Finance finances up to 85%* of the vehicle's determined value, requiring you to provide the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Mangalagiri?
Yes, you can conveniently apply for a Used Car Loan online through Shriram Finance's official website or by using the Shriram One mobile application with minimal effort.
What is the maximum loan amount I can get for a used car in Mangalagiri?
The maximum financing available for a Used Car Loan reaches up to 85%* of the vehicle's appraised value, with minimum loan amounts beginning 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.