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Used Car Loan in Mysuru
A well-planned financial approach can make owning a second-hand car easier. With a Used Car Loan in Mysuru from Shriram Finance, you can arrange funds without depleting your savings. This loan provides structured repayment options, allowing you to manage your finances effectively. Knowing the eligibility criteria, required documents, and loan process beforehand can help ensure a smooth application. Here's a closer look at how you can take the next step with confidence.
Used Car Loan Types in Mysuru
Shriram Finance offers convenient second-hand car loan options in Mysuru, ensuring financial ease for customers. Pick the right loan plan that fits your financial needs and lifestyle.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loan in Mysuru
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Mysuru
With a used car loan in Mysuru from Shriram Finance, you can finance a pre-owned car at interest rates starting at 10%* p.a. These affordable rates help you handle loan repayments with ease, ensuring that owning a second-hand vehicle does not burden your finances. Here are the key charges and fees related to the 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 |
Here are the key charges and fees related to the loan:
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator in Mysuru is hassle-free. Enter your preferred loan amount and tenure, and the tool will instantly calculate your estimated EMI. This allows you to plan your repayment schedule before applying. You can also adjust the loan amount and tenure to see how they impact your EMI, ensuring that you make a well-informed decision.
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 Mysuru
Shriram Finance offers car refinancing options in Mysuru, allowing you to use your car's value to obtain extra funds without selling it. This solution provides immediate financial assistance while you continue using your vehicle. We offer attractive interest rates and flexible repayment plans, making it easier to handle your finances. However, this option is only available if there is no active loan on the car, making it an effective financial tool when in need of funds.
Eligibility and Documentation Criteria for Used Car Loan in Mysuru
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.
- Income: Requirements vary based on the vehicle model, age, and repayment tenure.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
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, and income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- KYC Documents: Proof of identity and address.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loan in Mysuru
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 Mysuru
To provide seamless assistance, Shriram Finance has several branches in Mysuru. These branches are positioned at key locations, allowing customers to reach us conveniently. Some major branch locations include:
Locate Us
Used Car Loan Customer Care in Mysuru
In Mysuru, Shriram Finance ensures smooth customer service to address all your Pre-owned Car Loan-related concerns. You can contact our support team by phone or visit one of our branches for direct assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Mysuru
If you need to track your Used Car Loan Status in Mysuru, log in to Shriram Finance website and visit the 'Loan Status' page. Enter your loan account number or application details to check updates. For further assistance, you can call customer support or visit a branch. We keep you informed about your loan progress.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Mysuru?
Yes, you can get a Used Car Loan in Mysuru from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Mysuru?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Mysuru?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount. Check Shriram Finance website for updated information.
What is the down payment required for a Used Car Loan in Mysuru?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Mysuru?
Yes, you can apply for a Used Car Loan online through Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Mysuru?
The maximum loan amount for a Used Car Loan is 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.