- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications4
Terms and Conditions
Used Car Loans in Proddatur
Proddatur, a thriving commercial hub in Andhra Pradesh, creates an environment where personal transportation becomes increasingly valuable. Many citizens find pre-owned automobiles to be economically sensible options compared to new vehicles. Used car loans in Proddatur deliver the monetary assistance required to make these purchases feasible. Shriram Finance positions itself as a leading lending institution offering used car loans in Proddatur, catering to the diverse requirements of vehicle buyers across this prosperous city.
Used Car Loan Types in Proddatur
Shriram Finance offers Proddatur residents distinct second-hand car loan products tailored to address varying customer situations. Identify which loan category best serves your requirements and financial position.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Proddatur
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Competitive Interest Rates
Customised Loan Solutions
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Proddatur
Shriram Used Car Loan Interest Rates in Proddatur start at 10%* p.a., providing budget-friendly and competitive financing options. The interest rate is formulated to facilitate manageable loan repayments, ensuring pre-owned vehicle ownership remains within your financial reach. Examine the summary below for comprehensive information about 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 |
Optimise your financial strategy by leveraging our second-hand car loan EMI calculator to assess your potential interest rate and monthly obligations before finalising your loan application.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, just enter your desired loan amount and tenure. The calculator will instantly provide your monthly EMI, supporting strategic financial planning. It is a practical tool created to assist with your loan decisions. This calculator demonstrates how various loan amounts and repayment durations influence your monthly obligations, enabling you to select the most favourable option that aligns with your financial capabilities.
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 Proddatur
Shriram Finance extends car refinancing solutions in Proddatur that allow you to unlock your vehicle's monetary value without selling it. This financial service helps you convert your car's equity into immediate capital for various personal or business requirements. Offering competitive interest rates alongside flexible repayment terms, Shriram Used Car Loan ensures smooth financial management without affecting your vehicle ownership. This refinancing alternative is accessible for cars that are free from any current loans, making it an ideal financial option when you need extra funds for emergency situations, investments, or significant purchases.
Eligibility and Documentation Criteria for Used Car Loans in Proddatur
To check used car loan eligibility online, candidates need to fulfill these standards. Document requirements may differ based on individual profiles and loan amount requested.
Eligibility Criteria:- Age: No less than 21* years, with a maximum age of 59* years at loan maturity.
- Income: Requirements vary depending on the vehicle type, its age, and chosen repayment period.
- Residency: Available to all residents of India.
Required Documents:- To check used car loan eligibility online, proper documentation is mandatory. The necessary papers include:
- Income Proof: Salary statements for employed candidates; ITR filings for self-employed individuals.
- Bank Statements: Recent account records may be requested.
- Vehicle Documents: Valid registration and insurance documentation for the pre-owned vehicle.
- KYC Documents: Authorised identity and address verification documents.
Step-by-Step Application Process for Used Car Loans in Proddatur
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 Proddatur
Shriram Finance operates a branch in Proddatur to support your Used Car Loan application process. Key locations include:
Locate Us
Used Car Loan Customer Care in Proddatur
Shriram Finance maintains specialised customer care services in Proddatur for Pre-owned Car Loan queries. Personal support is available through our phone lines or by visiting any nearby branch location. Our dedicated used car loan customer service numbers are listed below:
Used Car Loan Status in Proddatur
To check your Used Car Loan Status in Proddatur, access your profile on the Shriram Finance website, go to the 'Loan Status' area and provide your application number or loan account number. Alternatively, you may call our customer care team or visit any local branch to inquire about your loan application status. We remain committed to providing you with timely updates throughout every stage of your loan application.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Proddatur?
Yes, you can obtain a Used Car Loan in Proddatur through Shriram Finance. Shriram Used Car Loan provides adaptable and convenient financing options for pre-owned vehicles in this region.
What are the eligibility criteria for a Used Car Loan in Proddatur?
To be eligible for a Used Car Loan in Proddatur, you must be an Indian citizen, at least 21* years of age, and not older than 59* years at loan maturity. Income requirements vary based on the vehicle model, its age, and the selected repayment period.
What is the interest rate on a Used Car Loan?
Shriram Finance offers Used Car Loans with interest rates beginning at 10%* p.a.. The exact rate may differ based on your individual financial circumstances and credit history.
What documents are required for a Used Car Loan in Proddatur?
Required documents include a filled application form, the vehicle's registration certificate, personal identification documents (KYC), income verification papers, and recent bank statements. The specific document requirements may vary according to your personal profile and the loan amount sought.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan through Shriram Finance amounts to up to 5%* of the total loan value.
What is the down payment required for a Used Car Loan in Proddatur?
Shriram Finance provides financing for up to 85%* of the vehicle's market value, meaning you'll need to contribute the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Proddatur?
Yes, you can submit your Used Car Loan application online through Shriram Finance's official website or via the Shriram One mobile app through a straightforward process.
What is the maximum loan amount I can get for a used car in Proddatur?
The maximum loan amount available for a Used Car Loan is up to 85%* of the vehicle's evaluated value, with minimum loan amounts 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.