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Used Car Loan in Patna
Owning a car in Patna can make travelling more convenient. If you're considering a second-hand car, a Used Car Loan in Patna from Shriram Finance can help you buy one without financial strain. Instead of paying the full amount upfront, you can get the required funds and select a car that suits your needs. Knowing the eligibility, required documents, and loan process beforehand can simplify your application. This guide will provide all the key details to help you move forward with confidence.
Used Car Loan Types in Patna
Shriram Finance offers second-hand car loan in Patna to help customers manage their financial needs effectively. Select the loan type that matches your financial requirements and repayment capacity.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Patna
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Patna
The Used Car Loan in Patna from Shriram Finance comes with competitive interest rates starting at 10%* p.a., making it an affordable choice for financing a pre-owned car. These attractive rates ensure your loan repayments remain budget-friendly, allowing you to buy a used vehicle without financial stress. Below is a complete breakdown of the charges and fees applicable 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 |
With our second-hand car loan EMI calculator, you can check your estimated EMIs and interest rate instantly. This user-friendly tool helps you plan repayments in advance and select the best loan option based on your financial needs.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator helps you plan your loan with ease. Just enter your loan amount and tenure, and the tool will instantly show your estimated EMI. This allows you to check repayment details in advance, ensuring you make the right choice. You can also compare different loan options to find the most suitable one. It is a useful way to manage your budget effectively.
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 Patna
Shriram Finance offers car refinancing options in Patna, allowing you to access funds without selling your car. This facility helps you manage financial needs while still using your vehicle. With flexible repayment plans and competitive interest rates, handling your expenses becomes easier. However, this option is only available if your car has no existing loan, making it an ideal choice for those looking for quick funds.
Eligibility and Documentation Criteria for Used Car Loan in Patna
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:
- Vehicle Documents: Registration certificate and insurance details of the used car.
- Income Proof: Salary slips for salaried individuals, and income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- KYC Documents: Proof of identity and address.
Step-by-Step Application Process for Used Car Loan in Patna
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 Patna
To ensure easy access to our services, Shriram Finance has set up branches in Patna. These branches are located in well-known areas, making it convenient for customers to visit. Some important locations include:
Locate Us
Used Car Loan Customer Care in Patna
Shriram Finance provides dedicated customer care services in Patna to assist with any Pre-owned Car Loan queries. You can contact our support team by phone or visit a nearby branch for personalised assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Patna
To check your Used Car Loan Status in Patna, visit the Shriram Finance website and log in. Go to the 'Loan Status' section and enter your loan account or application number. You can also contact customer care or visit a branch for updates. We keep you informed at every stage of your loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Patna?
Yes, Shriram Finance provides Used Car Loans in Patna with a smooth application process and quick approval. Flexible repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Patna?
To qualify, applicants must be Indian citizens aged 21* to 59* years at loan maturity. The required income varies depending on the vehicle'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 actual rate may differ based on financial details and vehicle specifications.
What documents are required for a Used Car Loan in Patna?
Key documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional documents may be needed.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. For updated charges, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Patna?
up to 85%* of the vehicle's price can be financed, and the remaining 15%* must be paid as a down payment.
Can I apply for a Used Car Loan online in Patna?
Yes, online applications can be made through Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Patna?
The loan amount can be up to 85%* of the car's value, with a minimum loan 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.