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Used Car Loan in Mangaluru
A well-maintained second-hand car can be a great choice for your travel needs in Mangaluru. With a Used Car Loan in Mangaluru from Shriram Finance, you can buy a vehicle without a large upfront payment. Whether for personal use, business, or family travel, this loan provides financial flexibility. Understanding the loan process, eligibility criteria, and required documents beforehand can help you apply smoothly. This guide will take you through the key details to make your car ownership journey hassle-free.
Used Car Loan Types in Mangaluru
Shriram Finance offers flexible second-hand car loan options in Mangaluru to help customers meet their financial goals. Pick a loan option that best fits your financial situation and repayment capacity.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Mangaluru
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Dedicated Customer Service
Customised Loan Solutions
Car Refinancing Options
Easy Online Application
Used Car Loan Interest Rates in Mangaluru
The Used Car Loan in Mangaluru from Shriram Finance comes with attractive interest rates starting at 10%* p.a., making it an economical choice for buyers. These rates are structured to keep your loan repayments stress-free while you finance a pre-owned car. Below is a list of key charges and fees applicable 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 |
You may also use our second-hand car loan EMI calculator to check your estimated EMIs and interest rates. This easy-to-use tool helps you plan and choose the right loan.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator in Mangaluru makes it easy to check your estimated EMI. Just input your loan amount and tenure, and the calculator will instantly show your repayment details. This tool helps you understand how different loan amounts and tenures affect your EMIs, enabling you to choose the best option. It is a helpful way to plan your loan and ensure that repayments stay within 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Mangaluru
Shriram Finance provides car refinancing options in Mangaluru, helping you access funds using your car's value without selling it. This facility supports urgent financial needs while letting you retain ownership of your vehicle. With competitive interest rates and convenient repayment terms, managing your finances becomes easier. The service is available only if there is no existing loan on the car, offering quick financial assistance.
Eligibility and Documentation Criteria for Used Car Loan in Mangaluru
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:- Residency: All Indian residents.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- 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 Loan in Mangaluru
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 Mangaluru
To serve you better, Shriram Finance has opened branch services in Mangaluru, making it easier to access banking and loan facilities. These branches are in major areas so that you can visit them without any difficulty. Some of the key locations are:
Locate Us
Used Car Loan Customer Care in Mangaluru
Shriram Finance provides dedicated customer care services in Mangaluru for all Pre-owned Car Loan queries. You can contact us by phone or visit the nearest branch for personalised assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Mangaluru
To track your Used Car Loan Status in Mangaluru, log in to your account on the Shriram Finance website. Navigate to the 'Loan Status' page and provide your loan account number or application number. You can also call our customer care or visit a branch for any queries. We keep you updated throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Mangaluru?
Yes, Shriram Finance provides Used Car Loans in Mangaluru with a hassle-free process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Mangaluru?
To qualify, applicants must be Indian citizens aged 21* to 59* years at loan maturity. The required income varies based on the car's model, age, and loan tenure.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the exact rate may differ depending on the applicant's profile and vehicle details.
What documents are required for a Used Car Loan in Mangaluru?
Key documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be requested.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. For updated details, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Mangaluru?
up to 85%* of the car's price can be financed, while the remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Mangaluru?
Yes, online applications can be completed through Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Mangaluru?
The loan amount can be up to 85%* of the car's value, with a minimum loan starting from ₹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.