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Used Car Loan in Rajkot
Financing a second-hand car is easier with a Used Car Loan in Rajkot from Shriram Finance. Instead of paying a lump sum, you can secure funds with a structured repayment plan, making car ownership more accessible. A smooth application process starts with understanding the eligibility criteria, required documents, and loan process. This guide walks you through the essential details to help you make an informed decision.
Used Car Loan Types in Rajkot
Shriram Finance offers second-hand car loan solutions in Rajkot to make vehicle financing easier for customers. Pick the loan type that suits your financial situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Rajkot
Regular Reminders
High Financing Percentage
Flexible Repayment Tenures
Competitive Interest Rates
Car Refinancing Options
Easy Online Application
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Rajkot
The Used Car Loan in Rajkot from Shriram Finance comes with interest rates starting at 10%* p.a., making it a budget-friendly option for purchasing a pre-owned car. These attractive rates help you manage repayments efficiently, making it easier to own a used vehicle. Below is a breakdown of the charges and fees that come with 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 tool makes it easy to plan repayments in advance and choose a loan that fits your budget.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator makes loan planning effortless. Enter the loan amount and tenure, and it will instantly display your estimated EMI. This helps you assess your repayment schedule before applying. The tool also allows you to compare different loan options, making it easier to select the best one. It is a smart way to manage 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 Rajkot
Need urgent funds? Shriram Finance provides car refinancing options in Rajkot, enabling you to borrow against your car's value while keeping ownership. This facility offers competitive interest rates and flexible repayment plans to make finances easier to handle. To avail of this option, your car must be loan-free, making it a great choice for those needing extra funds.
Eligibility and Documentation Criteria for Used Car Loan in Rajkot
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 Rajkot
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 Rajkot
For customer convenience, Shriram Finance has established branches in Rajkot. These are positioned in well-known areas, making visits simple. Some important locations include:
Locate Us
Used Car Loan Customer Care in Rajkot
Need assistance with your Pre-owned Car Loan in Rajkot? Shriram Finance has a dedicated support team available via phone or at your nearest branch. Below are our used car loan customer care numbers:
Used Car Loan Status in Rajkot
To know your Used Car Loan Status in Rajkot, log in to Shriram Finance website and go to the 'Loan Status' section. Provide your loan account or application number to get real-time updates. You can also reach out to customer care or visit a branch for help.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Rajkot?
Yes, Shriram Finance offers Used Car Loans in Rajkot with an easy process and quick approval. Multiple repayment plans are available.
What are the eligibility criteria for a Used Car Loan in Rajkot?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. The required income depends on the vehicle's model, age, and repayment period.
What is the interest rate on a Used Car Loan?
The interest rate starts at 10%* p.a., though it may change based on financial history and car specifications.
What documents are required for a Used Car Loan in Rajkot?
Essential documents include an application form, KYC papers, proof of income, bank statements, and the vehicle's registration certificate. Additional papers may be required.
What is the processing fee for a Used Car Loan?
The processing fee is up to 5%* of the loan amount. Visit Shriram Finance's website for updated details.
What is the down payment required for a Used Car Loan in Rajkot?
up to 85%* of the vehicle's cost can be financed, with the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Rajkot?
Yes, online applications can be made via Shriram Finance's website or Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Rajkot?
The loan can cover 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.