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Used Car Loan in Nagpur
Purchasing a second-hand car in Nagpur is now easier with a Used Car Loan in Nagpur from Shriram Finance. Whether for daily commutes, business, or family travel, this loan provides the financial support needed to own a car without a large upfront payment. Choosing the right loan involves understanding eligibility, required documents, and the application process. This guide will help you navigate these steps so you can move forward with confidence.
Used Car Loan Types in Nagpur
Shriram Finance provides convenient second-hand car loan options in Kanpur to meet different customer needs. Choose a loan that matches your financial condition and personal preferences.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Nagpur
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Dedicated Customer Service
Car Refinancing Options
Easy Online Application
Used Car Loan Interest Rates in Nagpur
The Used Car Loan in Nagpur from Shriram Finance provides cost-effective financing with interest rates starting at 10%* p.a., making it easier to buy a pre-owned car. These rates are designed to keep your EMIs manageable, ensuring that loan repayment is not a burden. Below is a list of key charges and fees related 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 |
You can also try our second-hand car loan EMI calculator to check your expected interest rate and EMIs. This simple tool helps you plan your monthly instalments.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator in Nagpur helps you determine your estimated EMI with ease. Just input the loan amount and tenure, and the tool will instantly calculate your repayment details. This feature also lets you explore different loan amounts and tenures to find an EMI that fits your budget. It is a convenient way to plan your loan before applying.
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 Nagpur
Shriram Finance offers car refinancing options in Nagpur, allowing you to get extra funds by using your car's value without selling it. This facility helps you meet financial needs while keeping your vehicle. We provide competitive interest rates and flexible repayment tenures for ease of repayment. This service is only available if the car has no ongoing loan, making it a great option for those who need quick financial assistance.
Eligibility and Documentation Criteria for Used Car Loan in Nagpur
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:- The essential documents required include:
- KYC Documents: Proof of identity and address.
- Bank Statements: Recent bank statements may be required.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loan in Nagpur
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 Nagpur
With branch services in Nagpur, Shriram Finance ensures that customers can easily access banking and loan assistance. The branches are situated in convenient locations so that you can reach us without any trouble. Some important locations include:
Locate Us
Used Car Loan Customer Care in Nagpur
Shriram Finance ensures seamless customer support in Nagpur for all Pre-owned Car Loan-related concerns. You can reach us over the phone or visit a branch for in-person assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Nagpur
To check your Used Car Loan Status in Nagpur, simply log in to your account on the Shriram Finance website. Enter your loan account number or application number on the 'Loan Status' page. You can also get in touch with customer care or visit our branch for personalised support. We ensure you stay updated on your loan progress.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Nagpur?
Yes, Shriram Finance provides Used Car Loans in Nagpur with a simple process and quick approval. Various repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Nagpur?
To qualify, applicants must be Indian citizens aged 21* to 59* years at loan maturity. The required income depends on the car's model, age, and loan duration.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the final rate may vary depending on the applicant's financial profile and vehicle details.
What documents are required for a Used Car Loan in Nagpur?
Applicants must submit an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be required.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. For the latest charges, check Shriram Finance's website.
What is the down payment required for a Used Car Loan in Nagpur?
up to 85%* of the car's value can be financed, while the remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Nagpur?
Yes, applications can be completed online through Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Nagpur?
The loan can cover up to 85%* of the vehicle's value, with a minimum loan 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.