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Used Car Loan in Prayagraj
A well-planned financial approach can make buying a second-hand car easier. A Used Car Loan in Prayagraj from Shriram Finance provides the necessary funds without requiring a large upfront payment. With structured repayment, you can manage your purchase while keeping your finances stable. Knowing the eligibility criteria, required documents, and loan process beforehand can make your application hassle-free. This guide covers all the essential details to help you move forward smoothly.
Used Car Loan Types in Prayagraj
Shriram Finance provides second-hand car loan facilities in Prayagraj to support customers looking for financing solutions. Choose the loan that best suits your financial needs and repayment ability.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Prayagraj
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Competitive Interest Rates
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Used Car Loan Interest Rates in Prayagraj
The Used Car Loan in Prayagraj from Shriram Finance provides interest rates starting at 10%* p.a., making it a cost-effective way to purchase a pre-owned car. These affordable rates ensure that your monthly repayments remain manageable, allowing you to own a used car without financial burden. Below is a complete list of the charges and fees that apply 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 |
Use our second-hand car loan EMI calculator to estimate your EMIs and interest rate instantly. This simple tool helps you understand your repayment plan and choose a loan that fits your financial situation.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, loan planning becomes simple. Enter your desired loan amount and tenure, and it will instantly calculate your EMI. This helps you understand your repayment schedule before applying. You can also compare different loan options to choose the best fit. This tool ensures that your loan stays within your financial comfort.
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 Prayagraj
If you need extra funds, Shriram Finance provides car refinancing options in Prayagraj to help you unlock money from your car's value. This facility ensures you receive financial support while keeping your vehicle. Competitive interest rates and flexible repayment terms make managing finances simpler. Your car must be free from any active loan to avail of this option, making it a convenient solution for urgent financial needs.
Eligibility and Documentation Criteria for Used Car Loan in Prayagraj
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 Prayagraj
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 Prayagraj
Shriram Finance has established branches in Prayagraj to provide convenient access to its services. These branches are situated in key areas, allowing customers to reach them easily. Some important locations include:
Locate Us
Used Car Loan Customer Care in Prayagraj
To support customers in Prayagraj, Shriram Finance offers dedicated customer care for all Pre-owned Car Loan queries. You may reach out to our team via phone or visit a nearby branch for assistance. Below are our used car loan customer care numbers:
Used Car Loan Status in Prayagraj
Checking your Used Car Loan Status in Prayagraj is simple. Visit the Shriram Finance website, log in, and go to the 'Loan Status' section. Enter your loan account or application number to get an update. You may also call customer care or visit a branch for further assistance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Prayagraj?
Yes, Shriram Finance offers Used Car Loans in Prayagraj with a simple process and quick approval. Multiple repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Prayagraj?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. The required income depends on the car's model, age, and repayment period.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the final rate may vary based on financial details and vehicle type.
What documents are required for a Used Car Loan in Prayagraj?
Documents required include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. More 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, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Prayagraj?
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 Prayagraj?
Yes, applications can be submitted online via Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Prayagraj?
The loan amount can be 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.