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Used Car Loans in Raichur
Raichur car seekers, your search ends here! Shriram Finance's Used Car Loans in Raichur are designed to get you behind the wheel without emptying your wallet. With interest rates beginning at a wallet-friendly 10%* p.a. and financing up to 85%* of the car's value, owning a pre-owned vehicle has never been more attainable. Our online application process is quick and straightforward, so you can focus on choosing your perfect ride. Ready to join the ranks of proud car owners in Raichur?
Used Car Loan Types in Raichur
To meet the varied needs of customers, Shriram Finance provides distinct Used Car Loan options:
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Raichur
Adaptable Repayment Schedules
Attractive Interest Rates
Substantial Financing
Helpful Payment Reminders
Refinancing Options
Dedicated Customer Support
Simplified Online Application
Tailored Loan Solutions
Used Car Loan Interest Rates in Raichur
Shriram Finance provides Used Car Loans in Raichur with interest rates beginning at 10%* p.a., offering affordable and accessible financing. Our structured rates support manageable repayment schedules, making pre-owned car ownership economically feasible.
| 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 |
Utilise our pre-owned car loan EMI calculator to estimate your interest obligations and EMIs, empowering you to better plan your finances.
How to Use the Used Car Loan EMI Calculator
To utilise the used car loan calculator effectively, input your desired loan amount and repayment period. The calculator will rapidly calculate your estimated monthly EMI, enabling you to fine-tune your financial planning. It's a user-friendly resource that illustrates how adjustments in loan amounts and repayment terms impact your monthly payments, helping you choose the most suitable option for your financial needs.
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 Raichur
Shriram provides attractive car refinancing options in Raichur, allowing you to leverage the value of your car for immediate financial support without the need to sell it. This service transforms your vehicle equity into cash, which can be extremely useful for managing different financial requirements. Our refinancing solutions come with competitive interest rates and flexible repayment terms, ensuring that you can easily manage your finances while retaining ownership of your vehicle. This is particularly beneficial for individuals who fully own their cars and seek quick access to cash.
Eligibility and Documentation Criteria for Used Car Loans in Raichur
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
Required Documents- 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 Raichur
Apply for a Used Car Loan is simple; follow these steps:
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 Raichur
In Raichur, Shriram Finance maintains a robust branch network, committed to delivering superior customer service. Key locations are situated in strategic areas, ensuring accessibility for all customers.
Locate Us
Used Car Loan Customer Care in Raichur
Shriram Finance in Raichur provides exceptional customer service for Pre-owned Car Loan inquiries. Reach out to us by phone or visit our branch for tailored support. Our dedicated customer care professionals are always available to address your questions and provide clarity.
Used Car Loan Status in Raichur
In Raichur, checking your Used Car Loan status with Shriram Finance is straightforward. Simply log into your account on our website, navigate to the 'Loan Status' page, and enter your application or loan account details. You can also reach out to our customer service team or visit a nearby branch for assistance. We are dedicated to keeping you well-informed at every stage.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Raichur?
Yes, you can get a Used Car Loan in Raichur from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Raichur?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Raichur?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Raichur?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Raichur?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Raichur?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a minimum loan 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.