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Used Car Loans in Murwara
Residents of Murwara often travel to neighbouring localities for purchasing necessities and accessing various services. Previously owned vehicles assisted people in completing these regular trips with greater comfort. Used car loans in Murwara address community transportation requirements. Shriram Finance offers used car loans in Murwara at rates from 10%* p.a. Our versatile up to 48 months repayment arrangements make automobile acquisition feasible for many households.
Used Car Loan Types in Murwara
Shriram Finance extends customised used car loan in Murwara solutions developed to fulfil diverse financial requirements of area residents. Select the loan option that most appropriately meets your specific needs and financial standing.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Murwara
Regular Reminders
High Financing Percentage
Flexible Repayment Tenures
Competitive Interest Rates
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Murwara
Shriram Used Car Loan Interest Rates in Murwara begin from 10%* p.a., offering budget-friendly and competitive financing packages. Our interest rates are structured to enable comfortable loan repayments, making certain that buying a used vehicle aligns with your financial limitations. Below is a detailed summary of the main charges and fees pertaining 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 |
Take charge of your financial planning by utilising our second-hand car loan EMI calculator to calculate your potential interest rate and monthly obligations before finalising your loan application.
How to Use the Used Car Loan EMI Calculator
Leverage the intuitive pre-owned car loan calculator to formulate your used automobile financing approach. Input your desired loan amount and choose an appropriate repayment period to secure an immediate estimation of your monthly EMI commitment. This effective tool was engineered to streamline your loan preparation process. It distinctly shows how variations in loan values and tenure selections affect your monthly payments, allowing you to select the most favorable financing arrangement that aligns with your financial capabilities.
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 Murwara
For Murwara vehicle owners, Shriram Finance introduces distinctive car refinancing programs that allow you to access your vehicle's financial potential while maintaining ownership. Transform your car's market value into ready capital for addressing multiple financial situations. With competitive interest rates and flexible payment plans, Shriram Finance facilitates straightforward financial management while you continue using your vehicle. This specialised refinancing solution is reserved for automobiles without outstanding loans, offering a practical funding alternative when you need extra resources for individual or business requirements.
Eligibility and Documentation Criteria for Used Car Loans in Murwara
To check used car loan eligibility online in Murwara, prospective borrowers need to satisfy these standards. Document prerequisites may vary depending on individual profiles and financing needs.
Eligibility Criteria:- Age: Minimum 21* years of age, not surpassing 59* years when the loan concludes.
- Residency: Available to all Indian citizens.
- Income: Specific criteria vary according to the vehicle's brand, age, and preferred repayment period.
Required Documents:- When you check used car loan eligibility online, particular paperwork is required. The crucial documents comprise:
- KYC Documents: Recognised identity and residence proof.
- Income Proof: Work credentials for those who are salaried; tax returns for self-employed applicants.
- Vehicle Documents: Complete registration certificate and current insurance papers for the second-hand vehicle.
- Bank Statements: Recent banking records may be necessary.
Step-by-Step Application Process for Used Car Loans in Murwara
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 Murwara
For used car loan services information in Murwara, Shriram Finance offers expert consultation services. Reach out to our knowledgeable team or visit our local Murwara branches for tailored assistance with your used car financing needs.
Locate Us
Used Car Loan Customer Care in Murwara
For Pre-owned Car Loan guidance in Murwara, Shriram Finance maintains dedicated customer support channels. You can obtain customised assistance by connecting with our team or by visiting one of our conveniently located branches in your area. Our used car loan customer service numbers are presented below:
Used Car Loan Status in Murwara
To check your Used Car Loan Status in Murwara, enter your login credentials on the Shriram Finance website, go to the 'Loan Status' section and provide your application number or loan account number. Another option is to speak directly with our customer service team or visit any Murwara branch location to receive information about your loan progress. We are committed to maintaining transparent communication with you throughout all steps of the loan approval methodology.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Murwara?
Yes, Shriram Finance extends Used Car Loans in Murwara. Shriram Finance offers adaptable and approachable financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Murwara?
To be eligible for a Used Car Loan in Murwara, you must be an Indian citizen, have reached 21* years of age, and not be older than 59* years when the loan finishes. Income requirements will vary based on the automobile model, its age, and your chosen repayment schedule.
What is the interest rate on a Used Car Loan?
Interest rates for Used Car Loans through Shriram Finance begin at 10%* p.a. Your exact rate will be determined according to various elements of your financial background.
What documents are required for a Used Car Loan in Murwara?
Required documentation includes a fully completed application form, the car's registration certificate, KYC documents, verification of your earnings, and current bank statements. Documentation requirements may differ according to your individual situation and the loan amount you're applying for.
What is the processing fee for a Used Car Loan?
Shriram Finance imposes a processing fee up to 5%* of the principal loan sum for Used Car Loans.
What is the down payment required for a Used Car Loan in Murwara?
Shriram Finance provides financing up to 85%* of the car's assessed value, requiring you to contribute the remaining 15%* as down payment.
Can I apply for a Used Car Loan online in Murwara?
Yes, you can conveniently apply for a Used Car Loan online via Shriram Finance's official website or through the Shriram One mobile application with minimal effort.
What is the maximum loan amount I can get for a used car in Murwara?
The maximum financing available for a Used Car Loan reaches up to 85%* of the vehicle's evaluated worth, with minimum loan amounts starting at 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.