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Used Car Loans in Nawada
With its expanding road network and growing business landscape, Nawada is witnessing a rise in car ownership. A second-hand vehicle is a practical choice for those looking to balance affordability and convenience. Used car loans in Nawada provide the necessary financial support, making it easier to own a reliable vehicle without a heavy upfront cost. Shriram Finance offers used car loans with attractive financing options, ensuring you can purchase a pre-owned car without burdening your savings. With a simple application process and flexible repayment plans, getting a used car loan is now hassle-free. Apply today and drive home your preferred car with ease.
Used Car Loan Types in Nawada
To meet different financial needs, Shriram Finance provides multiple used car loan types in Nawada. Pick the loan type that suits your requirements best.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Nawada
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Used Car Loan Interest Rates in Nawada
Shriram Finance provides used car loan interest rates in Nawada starting at 10%* p.a., making financing cost-effective. Our loan structure ensures affordable repayments, helping you own a pre-owned car without financial strain. Below is a breakdown of the associated fees and charges:
| 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 |
Our second-hand car loan EMI calculator provides a quick estimate of your interest rate and monthly instalments. Thus, you can use it to plan your loan repayment before applying.
How to Use the Used Car Loan EMI Calculator
Simply input your loan amount and tenure into our pre-owned car loan EMI calculator. It will instantly generate your estimated monthly instalment. The calculator can be used to compare different loan options and choose the most suitable one for 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 Nawada
For Nawada residents, Shriram Finance offers a way to leverage your car's value through refinancing. This process allows you to secure funds while retaining your vehicle, with the benefit of competitive interest rates and flexible repayment schedules, for cars with no outstanding loans.
Eligibility and Documentation Criteria for Used Car Loans in Nawada
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 Nawada
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 Nawada
Visit a Shriram Finance branch in Nawada for assistance with your used car loan. Use our branch locator tool to find the nearest location.
Locate Us
Used Car Loan Customer Care in Nawada
Our Nawada-based customer support team is ready to assist with pre-owned car loan queries. Contact us via phone or visit a branch for prompt assistance. Below are our customer care numbers for used car loan services.
Used Car Loan Status in Nawada
Easily check your used car loan status in Nawada by logging into your Shriram Finance account, navigating to 'Loan Status,' and entering your application or loan number. You can also contact customer support or visit a branch for real-time updates.Experience hassle-free used car financing in Nawada with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Nawada?
Yes, we provide used car loans in Nawada with financing options designed to make pre-owned car ownership easy and affordable.
What are the eligibility criteria for a used car loan in Nawada?
To be eligible for a used car loan in Nawada, you must be an Indian resident aged between 21* years and 59* years when the loan matures. Your income eligibility is based on the car's model, age, and tenure of repayment.
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 final rate may vary depending on your profile.
What documents are required for a used car loan in Nawada?
To apply, please provide a completed application form, your vehicle's registration certificate, KYC documents, proof of income, and bank statements. Please note that the specific documents required can differ depending on your individual profile and the loan amount.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount may apply to used car loans.
What is the down payment required for a used car loan in Nawada?
We provide up to 85%* financing on the car's value, requiring you to contribute the remaining 15%* as a down payment.
Can I apply for a used car loan online in Nawada?
Yes, you can apply for a used car loan online via the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Nawada?
up to 85%* of the vehicle's value can be financed, 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.