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Used Car Loans in Mon
Mon, known for its rich cultural heritage and expanding road network, is witnessing an increasing demand for personal vehicles. A pre-owned car is an ideal choice for many, offering affordability and reliability. Used car loans in Mon provide the financial flexibility needed to purchase a vehicle without the stress of an upfront payment. Shriram Finance offers personalised loan solutions, ensuring that you can own a car with minimal hassle. Whether for commuting or long-distance travel, financing a used car allows you to enjoy the benefits of vehicle ownership while maintaining financial stability.
Used Car Loan Types in Mon
Shriram Finance provides various used car loan types in Mon catering to different financial needs. Choose the loan type that best suits your financial needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Mon
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Mon
Shriram Finance provides used car loans in Mon with interest rates starting at 10%* p.a. Our competitive rates are structured to make repayments simple, ensuring you can finance a pre-owned car affordably. Below is an overview of the key charges and fees:
| 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 |
Estimate your interest rate and monthly instalments instantly with our second-hand car loan EMI calculator. This tool helps you organise your finances effectively before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To compute your pre-owned car loan EMIs, enter the loan amount and tenure. The pre-owned car loan calculator will provide an instant EMI estimate, helping you make well-planned financial choices. You can also compare different loan options and pick the one that suits your budget best.
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 Mon
In Mon, Shriram Finance offers car refinancing, allowing you to unlock funds against your car's value without selling it. This facility comes with competitive interest rates and flexible repayment options. It is available for vehicles with no active loans, making it an ideal solution for urgent financial needs.
Eligibility and Documentation Criteria for Used Car Loans in Mon
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:
- 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 Mon
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 Mon
Shriram Finance has a branch in Mon to assist you with your used car loan requirements. Use our branch locator to find the nearest location for personalised assistance.
Locate Us
Used Car Loan Customer Care in Mon
Our customer support team in Mon is available to help with all your pre-owned car loan queries. You can reach us via phone or visit our branch for assistance. Below is a table with our customer care contact details.
Used Car Loan Status in Mon
To check your used car loan status in Mon, log in to your Shriram Finance account, navigate to the 'Loan Status' section, and enter your application or loan account number. You can also contact our customer service team or visit a branch for updates. We ensure you receive timely updates throughout your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Mon?
Yes, used car loans are available in Mon, offering flexible financing options for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Mon?
To qualify for a used car loan, you must be an Indian resident aged between 21* and 59* years at loan maturity. The income eligibility is based on the vehicle's model, age, and loan tenure.
What is the interest rate on a used car loan?
Our interest rates for used car loans begin at 10%* p.a., with the final rate depending on several factors.
What documents are required for a used car loan in Mon?
Required documents for a used car loan include an application form, KYC documents, income proof, bank statements, and the vehicle's registration certificate. Note that specific requirements varying by loan profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan with Shriram Finance is up to 5%* of the loan amount.
What is the down payment required for a used car loan in Mon?
Shriram Finance can finance up to 85%* of the car's value, requiring you to cover the remaining 15%* as a down payment.
Can I apply for a used car loan online in Mon?
Yes, you can apply online for a used car loan in Mon through the Shriram Finance website or the Shriram One mobile app using a straightforward process.
What is the maximum loan amount I can get for a used car in Mon?
You can borrow 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.