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Used Car Loans in Narkanda
A personal vehicle in Narkanda brings unmatched convenience, especially in hilly terrains where public transport may not always be available. However, buying a brand-new car can be expensive. A used car offers a more economical option while still providing the comfort and reliability you need. Used car loans in Narkanda from Shriram Finance make it even easier to own a vehicle. Our loans start from ₹1 lakh*, with repayment terms extending up to 48 months. The online application process is simple, and our competitive interest rates ensure affordable financing. With our support, driving your own car becomes a reality.
Used Car Loan Types in Narkanda
Shriram Finance provides a range of used car loan types in Narkanda designed to meet various customer needs. Select the loan type that aligns with your financial situation and requirements.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Narkanda
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Narkanda
Shriram Finance offers used car loan interest rates in Narkanda starting from 10%* p.a., providing competitive and affordable financing solutions. These rates are designed to simplify repayment, making it easier for you to own a pre-owned car. Below is a summary of the primary charges and fees associated with 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 |
Make use of our second-hand car loan EMI calculator to instantly estimate your interest rate and monthly EMIs. This tool helps you plan your budget efficiently before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To determine your pre-owned car loan EMIs, input your desired loan amount and repayment tenure into the calculator. The tool will promptly show your monthly instalment, enabling you to make well-informed financial decisions. It also allows you to compare various loan options and choose the one that best fits 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 Narkanda
Shriram Finance offers car refinancing services in Narkanda, allowing you to unlock funds by using your car's equity without selling it. This option features competitive interest rates and flexible repayment plans. It is available only if your vehicle is free from active loans. Thus, car refinancing is an ideal solution for urgent financial needs.
Eligibility and Documentation Criteria for Used Car Loans in Narkanda
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 Narkanda
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 Narkanda
Shriram Finance has a presence in Narkanda to cater to your used car loan requirements. Use the branch locator tool to find the nearest location for personalised assistance.
Locate Us
Used Car Loan Customer Care in Narkanda
Our customer care team in Narkanda is dedicated to resolving all your pre-owned car loan queries. You can reach out via phone or visit a branch for support. Below is a table with customer care contact numbers for assistance:
Used Car Loan Status in Narkanda
To track your used car loan status in Narkanda, log into your Shriram Finance account, navigate to the 'Loan Status' section, and enter your application or loan account number. Another option is to call the customer care team or visit a branch for updates. We ensure regular updates at every stage of your loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Narkanda?
Absolutely, used car loans from Shriram Finance are available in Narkanda with flexible financing options.
What are the eligibility criteria for a used car loan in Narkanda?
Eligibility requires Indian residency, age between 21* and 59* years at loan maturity, and income suitability based on the vehicle and loan terms.
What is the interest rate on a used car loan?
Used car loan interest rates begin at 10%* p.a., subject to individual case factors.
What documents are required for a used car loan in Narkanda?
Required documents typically include an application form, KYC, income proof, bank statements, and the vehicle's registration certificate. The precise documents may differ based on your loan profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Narkanda?
You will be asked to provide a 15%* down payment, given that we offer financing for up to 85%* of the vehicle's appraised value.
Can I apply for a used car loan online in Narkanda?
Yes, you can apply online for a used car loan in Narkanda through the Shriram Finance website or the Shriram One mobile app by following a simple process.
What is the maximum loan amount I can get for a used car in Narkanda?
We provide loan amounts up to 85%* of the vehicle's valuation, with a minimum loan amount of ₹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.