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Used Car Loans in Ramagundam
Ramagundam has many industries with workers who travel at different times of day. Public transport does not always run when people need it. A used car solves this problem for many workers and families. Used car loans in Ramagundam help locals buy their own vehicle. Shriram Finance offers used car loans in Ramagundam with 10%* p.a. rates. The repayment plan of up to 48 months fits well with monthly salary cycles. This makes owning a car possible for more people.
Used Car Loan Types in Ramagundam
For Ramagundam residents, Shriram Finance delivers specialised used car loan offerings crafted to address various customer preferences. Identify the loan category that most effectively corresponds with your needs and economic situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Ramagundam
High Financing Percentage
Regular Reminders
Flexible Repayment Tenures
Competitive Interest Rates
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Easy Online Application
Used Car Loan Interest Rates in Ramagundam
Shriram Used Car Loan Interest Rates in Ramagundam start from 10%* p.a., providing affordable and attractive funding solutions. Our interest rates are formulated to enable comfortable loan instalments. Below is an extensive outline of the fundamental charges and fees linked to our Used Car Loan in Ramagundam.
| 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 |
Strengthen your financial strategy by accessing our used car loan EMI calculator to assess your expected interest rate and monthly commitments prior to submitting your loan application.
How to Use the Used Car Loan EMI Calculator
Make use of our pre-owned car loan calculator to outline your used car financing strategy. Enter the loan amount you need and select an appropriate repayment duration to receive a prompt calculation of your monthly EMI responsibility. This practical resource was created to make your loan preparation more efficient. It clearly illustrates how changes to loan figures and tenure choices impact your monthly payments, enabling you to determine the most beneficial financing structure that matches your financial situation.
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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Ramagundam
Shriram Finance offers car refinancing options in Ramagundam, allowing you to leverage your vehicle's value for immediate funds without having to sell it. This service helps you to use your car's equity to access immediate funds which can be useful for various financial needs. Our refinancing solutions provide competitive interest rates and flexible repayment options so that you can effortlessly manage your finances while keeping your vehicle. This option is available if there are no existing loans on the vehicle, making it a practical financial solution for those needing additional funds.
Eligibility and Documentation Criteria for Used Car Loans in Ramagundam
To check used car loan eligibility online, prospective borrowers need to fulfil these standards. Document prerequisites may differ based on individual profiles and financing requirements.
Eligibility Criteria:- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
- Residency: Accessible to all Indian residents.
- Age: At least 21* years old, not surpassing 59* years at loan conclusion.
Required Documents:- To check used car loan eligibility online, particular paperwork is essential. The important documents comprise:
- Bank Statements: Recent banking records may be required.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
- KYC Documents: Authorised identity and address proof.
Step-by-Step Application Process for Used Car Loans in Ramagundam
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 Ramagundam
Shriram Finance has introduced its Used Car Loan services in Ramagundam through a client-focused branch offering rapid processing and reduced paperwork requirements. Key locations include:
Locate Us
Used Car Loan Customer Care in Ramagundam
For Pre-owned Car Loan guidance in Ramagundam, Shriram Finance offers dedicated customer support channels. You can access tailored assistance by reaching out to our team or by visiting one of our conveniently positioned branches in the Ramagundam area. Our used car loan customer service numbers are provided below:
Used Car Loan Status in Ramagundam
To check your Used Car Loan Status in Ramagundam, simply access your profile on the Shriram Finance portal, select the 'Loan Status' option and input your application number or loan account number. You can also reach out to our customer care executives or visit any of our Ramagundam branches for personalised assistance regarding your loan application status. For faster service, keep your registered mobile number handy as our representatives may send OTP verification. We prioritise keeping you informed at every stage of the loan approval process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Ramagundam?
Yes, Shriram Finance extends Used Car Loans in Ramagundam. The institution delivers customisable and straightforward financing arrangements for pre-owned automobiles.
What are the eligibility criteria for a Used Car Loan in Ramagundam?
To be eligible for a Used Car Loan in Ramagundam, you must be an Indian resident, have reached 21* years of age, and be under 59* years when the loan concludes. Income requirements will vary based on the vehicle type, age, and your chosen repayment period.
What is the interest rate on a Used Car Loan?
Interest rates for Used Car Loans through Shriram Finance commence at 10%* p.a.. The precise rate will be established according to various components of your financial profile.
What documents are required for a Used Car Loan in Ramagundam?
Necessary documentation includes a fully completed application form, the vehicle's registration certificate, KYC documents, evidence of your income, and recent bank account statements. Document requirements may vary depending on your personal circumstances and the requested loan amount.
What is the processing fee for a Used Car Loan?
Shriram Finance levies a processing fee of up to 5%* of the principal loan amount for Used Car Loans.
What is the down payment required for a Used Car Loan in Ramagundam?
Shriram Finance provides funding for up to 85%* of the vehicle's assessed value, requiring you to contribute the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Ramagundam?
Yes, you can easily apply for a Used Car Loan online through Shriram Finance's official website or by utilising the Shriram One mobile application with minimal effort.
What is the maximum loan amount I can get for a used car in Ramagundam?
The maximum funding available for a Used Car Loan reaches up to 85%* of the vehicle's evaluated value, with minimum loan amounts beginning at âı1 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.