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Used Car Loan in Nellore
Are you looking to buy a second-hand car in Nellore? A Used Car Loan in Nellore from Shriram Finance can make this dream a reality. With simple eligibility requirements and flexible repayment options, you can easily manage your finances while purchasing a vehicle that suits your needs. Knowing the documents required and the loan process ahead of time ensures a smooth application. This guide will help you understand the essential details and get you on the road to car ownership.
Used Car Loan Types in Nellore
Shriram Finance offers second-hand car loan options in Nellore, making car ownership easier. Choose a loan that aligns with your financial situation and repayment plan.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Nellore
High Financing Percentage
Flexible Repayment Tenures
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Nellore
The Used Car Loan in Nellore from Shriram Finance comes with affordable interest rates starting at 10%* p.a., helping you finance a used car without financial strain. These rates are designed to keep your EMIs easy to manage, making loan repayment convenient. Below is a breakdown of the charges and fees associated 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 rates using our second-hand car loan EMI calculator, which helps you plan ahead.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is easy. Simply select your preferred loan amount and tenure, and the calculator will instantly show your estimated EMI. This gives you a clear understanding of your repayment plan before applying. The tool also helps you see how different loan amounts and tenures impact your EMI, allowing you to choose wisely. It is a useful way to ensure your loan aligns with 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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Nellore
Shriram Finance provides car refinancing options in Nellore, helping you unlock extra funds using your car's value without selling it. This facility supports financial needs while allowing you to keep your vehicle. With competitive interest rates and flexible repayment plans, managing repayments becomes easier. The service is available only if the car does not have an active loan, ensuring a smooth process for quick funds.
Eligibility and Documentation Criteria for Used Car Loan in Nellore
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 Nellore
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 Nellore
To ensure easy access to banking and loan services, Shriram Finance has set up services in Nellore. Some of the key locations include:
Locate Us
Used Car Loan Customer Care in Nellore
Shriram Finance offers reliable customer care services in Nellore for all Pre-owned Car Loan questions. You may call us or visit a nearby branch for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Nellore
To know your Used Car Loan Status in Nellore, access your Shriram Finance account online. Go to the 'Loan Status' section and enter your loan account or application number. You may also call our customer support or visit a branch to get the latest updates. We ensure complete transparency in your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Nellore?
Yes, Shriram Finance offers Used Car Loans in Nellore with a seamless process and quick approval. Flexible repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Nellore?
Applicants must be Indian citizens aged 21* to 59* years at loan maturity. The required income varies based on the car's model, age, and loan tenure.
What is the interest rate on a Used Car Loan?
The interest rate begins at 10%* p.a., but the final rate may vary based on financial details and car specifications.
What documents are required for a Used Car Loan in Nellore?
Required documents include an application form, KYC papers, 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 details, check Shriram Finance's website.
What is the down payment required for a Used Car Loan in Nellore?
up to 85%* of the vehicle's value can be financed, with the remaining 15%* paid as a down payment.
Can I apply for a Used Car Loan online in Nellore?
Yes, applications can be completed online through Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Nellore?
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.