- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications4
Terms and Conditions
Used Car Loan in Nanded
A second-hand car can be a smart investment for comfortable travel in Nanded. With a Used Car Loan in Nanded from Shriram Finance, you can finance your purchase without financial strain. This loan allows you to choose a car that fits your needs while managing costs efficiently. Before applying, it's important to understand the eligibility criteria, required documents, and loan process. This guide will walk you through the essential details to help you make an informed decision.
Used Car Loan Types in Nanded
Shriram Finance offers different types of second-hand car loan options in Nanded to meet varied customer needs. Choose the loan that suits your financial needs and situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Nanded
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
High Financing Percentage
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Nanded
The Used Car Loan in Nanded from Shriram Finance offers reasonable interest rates starting at 10%* p.a., ensuring an affordable way to purchase a used vehicle. These rates are designed to keep your monthly payments easy to manage while you own a pre-owned car. Below is a complete list of the main charges and fees that come with 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 check your expected EMIs and interest rate using our second-hand car loan EMI calculator, which helps you plan repayments better.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator in Nanded, you can quickly find out your estimated EMI. Simply enter your loan amount and tenure, and the tool will generate your repayment details instantly. It also allows you to compare different options to see how changes in loan amount and tenure affect your EMI. This makes it easier to plan your loan and select an option that suits your financial situation.
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 Nanded
If you need urgent funds, car refinancing options in Nanded from Shriram Finance can help. You can use your car's value to get additional money without selling it. This option ensures you have financial support while keeping your vehicle. We offer attractive interest rates and flexible repayment tenures. However, your car must not have an existing loan to qualify for this service.
Eligibility and Documentation Criteria for Used Car Loan in Nanded
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.
- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- 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 Loan in Nanded
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 Nanded
Shriram Finance has set up branch services in Nanded to offer hassle-free access to banking and loan services. Our branches are located in prime areas, making it simple for you to visit when needed. A few of the key locations are:
Locate Us
Used Car Loan Customer Care in Nanded
To support you better, Shriram Finance offers specialised customer care services in Nanded for Pre-owned Car Loan inquiries. You can call us or visit a nearby branch for direct assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Nanded
To know your Used Car Loan Status in Nanded, visit Shriram Finance website and log in with your credentials. Enter your loan account number or application number under the 'Loan Status' section. Alternatively, you may call our customer care team or visit a nearby branch for details. We ensure complete transparency in loan tracking.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Nanded?
Yes, Shriram Finance offers Used Car Loans in Nanded with a smooth process and quick approval. Multiple repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Nanded?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. The required income varies based on the car's model, age, and repayment term.
What is the interest rate on a Used Car Loan?
The interest rate begins at 10%* p.a., but the final rate may change based on the applicant's financial history and car details.
What documents are required for a Used Car Loan in Nanded?
Required documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional papers may be needed.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. For exact details, check Shriram Finance's website.
What is the down payment required for a Used Car Loan in Nanded?
up to 85%* of the vehicle's value can be financed, with the remaining 15%* to be paid as a down payment.
Can I apply for a Used Car Loan online in Nanded?
Yes, the application can be completed online via Shriram Finance's website or Shriram One app.
What is the maximum loan amount I can get for a used car in Nanded?
The loan amount can go up to 85%* of the car'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.