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Used Car Loans in Navi Mumbai
Navi Mumbai residents seeking cost-effective transport options should consider pre-owned vehicles. Shriram's Used Car Loans in Navi Mumbai offer manageable financing solutions designed for our community. With competitive rates beginning at 10%* p.a. and funding for as much as up to 85%* of the car's value, a quality used automobile is within reach. The simple application method includes an online system ensuring quick responses and a smooth journey. Use this guide to learn all about the features, benefits, and steps to secure your Used Car Loan in Navi Mumbai.
Used Car Loan Types in Navi Mumbai
Shriram Finance has several Used Car Loan options available in Navi Mumbai to suit different customer requirements. Review each loan type carefully to determine which option best matches your personal financial circumstances
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Navi Mumbai
Timely Payment Reminders
Flexible Repayment Terms
Competitive Interest Rates
High Financing Percentage
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Navi Mumbai
Shriram Used Car Loan Interest Rates in Navi Mumbai start from a reasonable 10%* p.a., ensuring our financing options are both attractive and wallet-friendly. Our interest rates are thoughtfully structured to support achievable repayment schedules, making pre-owned car ownership an economically sensible choice.
| 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 |
Try our second-hand car loan EMI calculator to estimate your likely interest obligations and monthly instalments. This valuable tool can help you plan your finances ahead of committing to a loan.
How to Use the Used Car Loan EMI Calculator
To make the most of the pre-owned car loan EMI calculator, just enter your chosen loan amount and select your desired repayment duration. The calculator will promptly provide your estimated monthly EMI, allowing you to adjust your financial planning. This straightforward tool clearly illustrates how varying loan amounts and repayment periods can influence your monthly payments, helping you choose the option that suits your budget best.
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 Navi Mumbai
Shriram Finance offers beneficial car refinancing options in Navi Mumbai, allowing you to tap into the value of your current car to access immediate funds without having to sell it. This service is an excellent method to use your car's equity for various financial requirements that may arise. Our refinancing solutions feature competitive interest rates and adaptable repayment terms, ensuring you can comfortably manage your finances while continuing to use your vehicle. This option is available when there are no existing loans on the car, making it a practical and handy financial solution.
Eligibility and Documentation Criteria for Used Car Loans in Navi Mumbai
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
Required Documents:- 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 Navi Mumbai
Apply for a Used Car Loan is simple; follow these steps:
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 Navi Mumbai
Please make use of our simple branch locator tool on the Shriram Finance website to locate the nearest branch in Navi Mumbai or the surrounding region.
Locate Us
Used Car Loan Customer Care in Navi Mumbai
Shriram Finance aims to provide outstanding customer care services in Navi Mumbai, ensuring you receive skilled assistance with all your Pre-owned Car Loan enquiries. You can easily get in touch via telephone or visit any of our local branches for individualised help and committed support.
Used Car Loan Status in Navi Mumbai
To view your Used Car Loan Status in Navi Mumbai, simply access your account securely on the Shriram Finance website and move to the 'Loan Status' area. Once there, input your application number or your loan account number to obtain the latest information. Alternatively, you are always welcome to get in touch with our informed customer care team directly or visit one of our handily located branches to enquire about your loan status. We are devoted to keeping you fully informed throughout each step of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Navi Mumbai?
Yes, you can get a Used Car Loan in Navi Mumbai from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Navi Mumbai?
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 Navi Mumbai?
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.
What is the down payment required for a Used Car Loan in Navi Mumbai?
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 Navi Mumbai?
Yes, you can apply for a Used Car Loan online through the 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 Navi Mumbai?
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.