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Used Car Loans in Munger
Munger has been rapidly developing into a well-connected city. With expanding road networks and increasing daily travel needs, having a personal vehicle is now more of a necessity than a luxury. However, buying a brand-new car can be expensive, making a pre-owned vehicle a smart alternative. With used car loans in Munger, you can purchase a second-hand car without exhausting your savings. Shriram Finance offers loan amounts starting from ₹1 lakh* with repayment terms of up to 48 months, ensuring affordability. The process is hassle-free, with minimal paperwork and quick approval. Whether you need a car for work or family use, a used vehicle offers the convenience of private transport at a lower cost. Apply for used car loans through Shriram Finance online or visit a branch to start your journey towards car ownership today!
Used Car Loan Types in Munger
Shriram Finance provides the following used car loan types in Munger to meet various customer needs. Choose the loan type that best fits your financial situation and goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Munger
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Easy Online Application
Car Refinancing Options
Dedicated Customer Support
Used Car Loan Interest Rates in Munger
Shriram Finance offers used car loans in Munger at interest rates starting from 10%* p.a., ensuring affordable financing. Our rates are structured to help you manage repayments with ease, making it simpler to own a pre-owned car. The following table provides details on interest rates and other applicable charges for our used car loans:
| 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 |
Our second-hand car loan EMI calculator helps you determine your repayment amounts effortlessly.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, enter your preferred loan amount and tenure. The tool will instantly calculate and display your monthly EMI, assisting you in planning your finances. This simple and intuitive calculator provides a clear breakdown of different loan amounts and repayment terms. It helps you select an option that suits 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 Munger
Shriram Finance's car refinancing facility allows you to access funds while continuing to own your vehicle. By leveraging your car's value, you can secure financing without the need to sell it. We offer competitive interest rates and flexible repayment options to meet your financial requirements. This service is available for vehicles that do not have an active loan, providing greater financial freedom.
Eligibility and Documentation Criteria for Used Car Loans in Munger
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 Munger
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 Munger
Shriram Finance serves Munger, offering reliable support for your pre-owned car loan needs. To find the nearest branch, we recommend using our branch locator tool for convenient access to our services.
Locate Us
Used Car Loan Customer Care in Munger
For any queries related to your used car loan in Munger, our customer service team is here to assist you. You can reach out to us via phone or visit a branch for personalised support. Please refer to the table below for our customer care contact numbers:
Used Car Loan Status in Munger
To track your used car loan status in Munger, log into your account on the Shriram Finance website. Navigate to the 'Loan Status' section and enter your application or loan account number. Alternatively, you can contact our customer support team or visit a branch for updates. We strive to keep you informed throughout your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Munger?
Yes, we offer used car loans in Munger with flexible financing options tailored for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Munger?
To be eligible, you must be an Indian resident, at least 21* years old, and not older than 59* years by the time the loan matures. The income requirement varies based on factors such as the vehicle's model, age, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates begin at 10%* p.a., though the final rate will depend on various individual factors.
What documents are required for a used car loan in Munger?
You need to submit an application form, the vehicle's registration certificate, KYC documents, proof of income, and bank statements. The required paperwork may vary based on your profile and loan amount.
What is the processing fee for a used car loan?
The processing fee may be up to 5%* of the total loan amount.
What is the down payment required for a used car loan in Munger?
We finance up to 85%* of the vehicle's value, meaning you will need to make a down payment for the remaining 15%*.
Can I apply for a used car loan online in Munger?
Yes, you can conveniently apply for a used car loan online through the Shriram Finance website or via the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Munger?
You can avail of a loan covering up to 85%* of the vehicle's value, with a minimum loan amount 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.