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Used Car Loan in Raipur
Securing funds for a second-hand car doesn't have to be complicated. A Used Car Loan in Raipur from Shriram Finance offers a convenient way to finance your purchase while maintaining financial stability. With a structured repayment plan, you can own a vehicle without a large upfront expense. Understanding the eligibility criteria, required documents, and loan process beforehand ensures a smooth application. This guide provides all the essential details to help you get started.
Used Car Loan Types in Raipur
Shriram Finance offers second-hand car loan facilities in Raipur to help customers with vehicle financing. Choose the loan type that best fits your financial needs.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Raipur
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Raipur
The Used Car Loan in Raipur from Shriram Finance features interest rates starting at 10%* p.a., making it a pocket-friendly way to buy a pre-owned car. These affordable rates help keep your repayments within budget, making car ownership easier. Below is a detailed 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 instantly check your estimated EMIs and interest rate. This user-friendly tool helps you plan your repayments in advance and choose a loan option that fits your budget.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator is a helpful tool for loan planning. Just enter the loan amount and tenure, and it will instantly calculate your EMI. This allows you to check repayment details before applying. The tool also lets you compare different loan options, helping you make the right choice. It ensures that your loan fits within your budget.
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 Raipur
If you need quick financial assistance, Shriram Finance offers car refinancing options in Raipur. This allows you to use your car's value for funds while still driving it. The facility comes with attractive interest rates and flexible repayment terms for easier management. Your car must not have an existing loan to qualify, making this a smart funding solution.
Eligibility and Documentation Criteria for Used Car Loan in Raipur
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 Raipur
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 Raipur
To serve customers better, Shriram Finance has branches in Raipur. These are located in key areas, allowing easy access to financial services. Some important locations include:
Locate Us
Used Car Loan Customer Care in Raipur
If you have any Pre-owned Car Loan queries in Raipur, Shriram Finance is here to assist you. You can connect with our customer care team via phone or visit a branch for direct support. Below are our used car loan customer care numbers:
Used Car Loan Status in Raipur
To stay updated on your Used Car Loan Status in Raipur, log in to the Shriram Finance website and access the 'Loan Status' section. Enter your loan account or application number to check the progress. You may also call customer care or visit a branch for more details.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Raipur?
Yes, Shriram Finance offers Used Car Loans in Raipur with an easy process and quick approval. Various repayment options are available.
What are the eligibility criteria for a Used Car Loan in Raipur?
Indian citizens aged between 21* and 59* years at loan maturity can apply. The required income depends on the car's model, age, and repayment term.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., but the final rate depends on financial details and vehicle specifications.
What documents are required for a Used Car Loan in Raipur?
Essential documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional 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 updated charges, visit Shriram Finance's website.
What is the down payment required for a Used Car Loan in Raipur?
up to 85%* of the vehicle's price can be financed, with the remaining 15%* to be paid as a down payment.
Can I apply for a Used Car Loan online in Raipur?
Yes, applications can be submitted online through Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Raipur?
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.