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Used Car Loans in Ongole
Ongole, an important commercial hub in Andhra Pradesh, creates circumstances where having your own vehicle significantly enhances mobility and convenience. For numerous residents, purchasing a second-hand car represents a budget-friendly option compared to investing in a brand-new automobile. Used car loans in Ongole provide the financial assistance essential to make this acquisition possible. Shriram Finance distinguishes itself as a trusted financial organisation extending used car loans in Ongole, accommodating the wide-ranging needs of vehicle purchasers in this vibrant city.
Used Car Loan Types in Ongole
For Ongole residents, Shriram Finance delivers varied second-hand car loan products tailored to address different customer requirements. Select the loan variety that most effectively addresses your particular needs and financial context.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Ongole
Competitive Interest Rates
Regular Reminders
High Financing Percentage
Flexible Repayment Tenures
Easy Online Application
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Ongole
Shriram Used Car Loan Interest Rates in Ongole start at 10%* p.a., presenting cost-effective and competitive financing arrangements. Our interest rate is formulated to support comfortable loan repayments, ensuring that acquiring a pre-owned vehicle aligns with your budget constraints. Below is a detailed summary of the primary charges and fees linked to 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 |
Enhance your financial planning by leveraging our second-hand car loan EMI calculator to evaluate your potential interest rate and monthly payments before finalising your loan application.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, simply select your preferred loan amount and tenure. The calculator will instantly provide your monthly EMI, facilitating better financial planning. It is a convenient tool developed to enhance your loan preparation experience. This calculator shows how varying loan amounts and tenure selections impact your monthly instalments, helping you choose the most appropriate option that accommodates your budget requirements.
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 Ongole
For residents of Ongole, Shriram Finance delivers car refinancing alternatives that enable you to capitalise on your vehicle's value while keeping it in your possession. This financial service converts your car's worth into immediate funds that can be directed toward diverse financial requirements. Offering competitive interest rates alongside adaptable repayment structures, Shriram Finance ensures seamless financial management without compromising your vehicle ownership. This refinancing opportunity is specifically available for cars that are free from existing financial obligations, representing a practical solution when additional funds are needed for personal or professional purposes.
Eligibility and Documentation Criteria for Used Car Loans in Ongole
To check used car loan eligibility online, applicants must satisfy these requirements. Documentation needs may differ based on applicant profile and financing requirements.
Eligibility Criteria:- Residency: Accessible to all Indian residents.
- Income: Specific requirements vary according to the vehicle's make, age, and chosen loan term.
- Age: Minimum 21* years old, not exceeding 59* years at loan conclusion.
Required Documents:- To check used car loan eligibility online, certain paperwork is mandatory. The critical documents include:
- Income Proof: Salary documentation for employed applicants; tax returns for self-employed individuals.
- KYC Documents: Authorised proof of identity and residential address.
- Vehicle Documents: Complete registration certification and current insurance details for the pre-owned vehicle.
- Bank Statements: Recent banking history may be required. Documentation needs may differ based on applicant profile and financing requirements.
Step-by-Step Application Process for Used Car Loans in Ongole
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 Ongole
Shriram Finance has a branch in Ongole to provide you with Used Car Loan solutions. Key locations include:
Locate Us
Used Car Loan Customer Care in Ongole
In Ongole, Shriram Finance delivers specialised customer care for Pre-owned Car Loan inquiries. Personal assistance is available through our phone support or by visiting any nearby branch. Our designated used car loan customer service numbers are listed below:
Used Car Loan Status in Ongole
To check your Used Car Loan Status in Ongole, sign in to your account on the Shriram Finance website, go to the 'Loan Status' section and enter your application number or loan account number. If you prefer personal assistance, you can call our customer support line or visit any local branch to get information about your loan status. We are focused on keeping you well-informed during all stages of your loan application.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Ongole?
Yes, you can access a Used Car Loan in Ongole from Shriram Finance. Shriram Used Car Loan extends flexible and accessible financing solutions for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Ongole?
To qualify for a Used Car Loan in Ongole, you must be an Indian citizen, have reached the age of 21* years, and not exceed 59* years when the loan reaches maturity. Income requirements vary depending on the vehicle model, its age, and your chosen repayment schedule.
What is the interest rate on a Used Car Loan?
The interest rates for Used Car Loans through Shriram Finance commence at 10%* p.a.. The specific rate offered will be determined based on various individual factors and your financial standing.
What documents are required for a Used Car Loan in Ongole?
The necessary documentation includes a completed application form, the vehicle's registration certificate, KYC documents for identification, verified income proof, and recent bank statements. The precise document requirements may differ based on your individual profile and the loan amount requested.
What is the processing fee for a Used Car Loan?
Shriram Finance imposes a processing fee of up to 5%* of the principal loan amount for Used Car Loans.
What is the down payment required for a Used Car Loan in Ongole?
Shriram Finance provides financing for up to 85%* of the vehicle's assessed value, requiring you to make a down payment of approximately 15%* of the vehicle's worth.
Can I apply for a Used Car Loan online in Ongole?
Yes, you can easily apply for a Used Car Loan online through the official Shriram Finance website or by using the Shriram One mobile application with a few simple steps.
What is the maximum loan amount I can get for a used car in Ongole?
The maximum loan amount available for a Used Car Loan is up to 85%* of the vehicle's evaluated value, with minimum loan amounts beginning at 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.