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Used Car Loan in Meerut
Arranging funds for a second-hand car doesn't have to be difficult. A Used Car Loan in Meerut from Shriram Finance helps you finance your purchase without a hefty upfront payment. Whether you're upgrading or buying your first car, this loan provides financial flexibility. Knowing the eligibility criteria, required documents, and loan process in advance can make your application smooth and hassle-free. Here's a detailed look at how you can take the next step.
Used Car Loan Types in Meerut
Shriram Finance offers different kinds of second-hand car loan options in Meerut to meet various customer needs. You can choose the loan option that suits your financial needs and current situation.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Meerut
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Meerut
The Used car loan in Meerut offered by Shriram Finance come with attractive interest rates starting at 10%* p.a., making them affordable and easy to manage. These competitive rates are designed to help you comfortably repay your loan without affecting your monthly budget. You can now own a pre-owned car without any financial burden. Below is an overview of the main 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 |
Use our second-hand car loan EMI calculator to check estimated interest rates and EMIs based on your loan amount and tenure. This tool helps you plan your monthly expenses and decide the right loan amount before applying.
How to Use the Used Car Loan EMI Calculator
To calculate your EMI for a Used Car Loan in Meerut, simply enter your preferred loan amount and tenure in the pre-owned car loan calculator. The tool will instantly display your estimated EMI, making it easier to plan your monthly expenses. This user-friendly calculator helps you understand how different loan amounts and repayment periods impact your EMI, allowing you to select the best option based on your budget. It ensures that you can plan your finances effectively before applying for a loan.
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 Meerut
Shriram Finance's car refinancing options in Meerut allow you to use your car's value to secure extra funds without selling it. This service is designed to provide financial flexibility while you continue using your vehicle. With affordable interest rates and easy repayment terms, loan management becomes stress-free. However, the facility is only available for cars without an ongoing loan, making it a convenient option for those in urgent need of funds.
Eligibility and Documentation Criteria for Used Car Loan in Meerut
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:- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- Residency: All Indian residents.
- 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:
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- KYC Documents: Proof of identity and address.
- 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 Meerut
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 Meerut
Shriram Finance has multiple branches in Meerut to offer better service and easy access to customers. You can visit us at several key locations, including:
Locate Us
Used Car Loan Customer Care in Meerut
Shriram Finance provides dedicated customer care services in Meerut to assist you with all your Pre-owned Car Loan queries. You can reach out to us by calling or visiting any of our nearby branches for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Meerut
To check your Used Car Loan Status in Meerut, simply log in to your account on Shriram Finance website. Go to the 'Loan Status' section and enter your application number or loan account number to get the details. You can also call our customer care number or visit the nearest branch to know the status of your loan. We are committed to keeping you informed at every step of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Meerut?
Yes, Shriram Finance offers Used car loan in Meerut with easy steps and quick approval. You can choose flexible repayment plans based on your budget and car value.
What are the eligibility criteria for a Used Car Loan in Meerut?
You must be an Indian citizen aged 21* to 59* years when the loan ends. Income will depend on the car model, condition, and loan tenure.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a., but final rates depend on car type, profile, and loan duration.
What documents are required for a Used Car Loan in Meerut?
You must submit the application form, KYC papers, income proof, bank statements, and a vehicle registration certificate. Other documents may be asked.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the loan. You can check Shriram Finance website for updated fees.
What is the down payment required for a Used Car Loan in Meerut?
Loan covers up to 85%* of the car value. You need to pay at least 15%* as a down payment.
Can I apply for a Used Car Loan online in Meerut?
Yes, you can apply online using Shriram Finance website or Shriram One app anytime.
What is the maximum loan amount I can get for a used car in Meerut?
Loan amount can go up to 85%* of car's worth, with a minimum loan of ₹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.