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Used Car Loans in Purnia
Purnia's connectivity to nearby towns and its expanding infrastructure make car ownership increasingly valuable. Whether for daily commuting or family travel, a personal vehicle ensures flexibility and convenience. Choosing a used car can help you save money while still enjoying reliable transportation. With a used car loan, you can spread the cost over a fixed tenure instead of paying the full price upfront. Shriram Finance offers used car loans in Purnia, starting from ₹1 lakh* with repayment tenures of up to 48 months. Our competitive interest rates and quick approval process make financing a used car easy. Apply today and take the next step towards car ownership in Purnia.
Used Car Loan Types in Purnia
Shriram Finance provides the following used car loan types in Purnia to meet various customer needs. Select the most suitable loan option based on your financial needs.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Purnia
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Purnia
Get your used car with Shriram Finance's accessible financing options. Enjoy competitive interest rates starting from only 10%* p.a., designed for easy repayment. We have detailed all associated charges and fees below for your convenience:
| 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 |
To gain insight into potential monthly repayments, use our second-hand car loan EMI calculator.
How to Use the Used Car Loan EMI Calculator
To determine your EMI for a used car loan in Purnia, enter the loan amount and tenure. The pre-owned car loan calculator will display your estimated EMI, allowing you to compare different loan options before finalising your application.
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 Purnia
Shriram Finance offers car refinancing services in Purnia, allowing you to unlock the value of your car to access funds for various financial needs. This service is ideal for individuals who do not have an existing car loan, as refinancing requires clearing any prior debts on the vehicle. Key benefits include competitive interest rates, flexible repayment options tailored to your needs, and a hassle-free application process.
Eligibility and Documentation Criteria for Used Car Loans in Purnia
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 Purnia
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 Purnia
Shriram Finance is available in Purnia to help you with your used car loan needs. Visit your nearest branch for personalised support and guidance. Use our branch locator tool to find the closest location
Locate Us
Used Car Loan Customer Care in Purnia
If you have any questions about your used car loan in Purnia, our customer service team is here to assist you. You can contact us on the numbers listed below:
Used Car Loan Status in Purnia
To stay updated on your used car loan status in Purnia, log into your Shriram Finance account online. Under the 'Loan Status' section, enter your application or loan account number to view the details. You can also call our customer care team or visit a branch for updates. We are committed to keeping you informed throughout every step of the process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Purnia?
Yes, Shriram Finance offers used car loans in Purnia with flexible financing solutions that cater to your unique requirements.
What are the eligibility criteria for a used car loan in Purnia?
To be eligible, you must be an Indian resident aged between 21* and 59* years at loan maturity. Income requirements depend on factors such as the vehicle's age and the loan term.
What is the interest rate on a used car loan?
The interest rate for used car loans starts at 10%* p.a., but it may vary depending on your profile and other factors.
What documents are required for a used car loan in Purnia?
You will need to submit an application form, KYC documents, income proof, bank statements, and vehicle registration papers. Additional documents may be required based on your loan profile.
What is the processing fee for a used car loan?
Processing fees can go up to 5%* of the loan amount, depending on the terms agreed upon.
What is the down payment required for a used car loan in Purnia?
A minimum down payment of 15%* is required, as Shriram Finance finances up to 85%* of the car's value.
Can I apply for a used car loan online in Purnia?
Yes, you can apply online for a used car loan through Shriram Finance's website or Shriram One mobile app by following a simple and convenient process.
What is the maximum loan amount I can get for a used car in Purnia?
Shriram Finance provides loans of up to 85%* of the vehicle's value, with a minimum amount 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.