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Used Car Loans in Panipat
Panipat has an increasing need for personal vehicles for both work and daily commuting. Buying a pre-owned car is a practical choice, offering affordability without compromising on quality. Used car loans in Panipat make it easy to finance a second-hand car without affecting your savings. Shriram Finance offers tailored loan solutions with competitive interest rates and flexible repayment plans. Our offerings include loans of up to 85%* of the vehicle's value and repayment tenures extending up to 48 months. This flexibility allows Panipat's diverse workforce, from textile artisans to business owners, to find a loan structure that fits their budget and lifestyle.
Used Car Loan Types in Panipat
Shriram Finance offers various used car loan types in Panipat to cater to different customer needs. Choose the loan type that works for your financial situation.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Panipat
High Financing Percentage
Flexible Repayment Tenures
Competitive Interest Rates
Regular Reminders
Car Refinancing Options
Customised Loan Solutions
Easy Online Application
Dedicated Customer Service
Used Car Loan Interest Rates in Panipat
You can obtain used car loan interest rates in Panipat starting at 10%* p.a., giving you good financing options. Our rates make repayments manageable and fit with your money plans. Below is a full list of the main charges and fees for 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 |
Use our second-hand car loan EMI calculator to see what your monthly payments and interest rate might be. This tool helps you manage your repayments before you apply for a loan.
How to Use the Used Car Loan EMI Calculator
Calculate your pre-owned car loan EMI instantly by inputting the loan amount and tenure. This helps you budget accurately and visualise the impact of your loan terms.
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 Panipat
Shriram Finance provides a practical solution for financial needs: car refinancing. Leverage your car's value for funds without selling it, with competitive interest rates and customisable repayment options. Remember, this only works for cars that don't have any loans on them already.
Eligibility and Documentation Criteria for Used Car Loans in Panipat
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 Panipat
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 Panipat
Shriram Finance's presence in Panipat makes it easy for residents to apply for second-hand car loan. To visit your nearest branch, you can use our online branch locator:
Locate Us
Used Car Loan Customer Care in Panipat
Our customer care team in Panipat is here to help with any questions about pre-owned car loans. You can call us or visit a branch. Customer care details are shown in the table below:
Used Car Loan Status in Panipat
If you wish to check your used car loan status, log in to your Shriram Finance account, go to 'Loan Status', and type in your application or loan account number. You can also call our customer service or visit a branch to get updates. Our goal is to ensure you are well-informed at 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 Panipat?
Yes, used car loans are available in Panipat with adaptable financing options for easy ownership.
What are the eligibility criteria for a used car loan in Panipat?
To qualify for a used car loan with Shriram Finance, you must be an Indian resident between 21* and 59* years old at loan's end. Income criteria depend on the car's details and loan duration.
What is the interest rate on a used car loan?
The interest rate for our used car loans starts at 10%* p.a., though the final rate is subject to individual factors.
What documents are required for a used car loan in Panipat?
The documentation need for a used car loan include an application form, vehicle registration certificate, KYC documents, income proof, and bank statements. The exact document requirements can differ depending on your profile and loan amount.
What is the processing fee for a used car loan?
Shriram Finance charges a processing fee of up to 5%* of the loan amount for a used car loan.
What is the down payment required for a used car loan in Panipat?
We cover up to 85%* of the car's value, requiring a minimum 15%* down payment.
Can I apply for a used car loan online in Panipat?
Yes, you can apply for a used car loan online by visiting the Shriram Finance website or Shriram One mobile app and completing a few steps.
What is the maximum loan amount I can get for a used car in Panipat?
The maximum loan you can avail is up to 85%* of the vehicle's value, while the minimum loan amount is 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.