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Used Car Loan in Ranchi
A Used Car Loan in Ranchi from Shriram Finance helps you finance a second-hand car without putting pressure on your savings. Instead of making a large upfront payment, you can opt for a structured repayment plan that suits your financial needs. Understanding the eligibility criteria, required documents, and loan process in advance can make your application hassle-free. This guide provides all the key details to help you move forward with confidence.
Used Car Loan Types in Ranchi
Shriram Finance provides second-hand car loan options in Ranchi to support customers with their financing needs. Choose the loan option that meets your financial goals.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Ranchi
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Ranchi
The Used Car Loan in Ranchi from Shriram Finance offers interest rates starting at 10%* p.a., making financing a pre-owned car more affordable. These competitive rates keep your loan repayments manageable, ensuring stress-free ownership. Below is a complete breakdown of the charges and fees related 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 |
Use our second-hand car loan EMI calculator to estimate your EMIs and interest rate before applying. This easy tool helps you plan your loan repayments better and select the best loan option based on your financial situation.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, you can plan your loan with confidence. Just enter your loan amount and tenure, and it will instantly show your estimated EMI. This ensures you understand your repayment structure in advance. You can also compare loan options to find the most suitable one. It is a reliable tool for financial planning.
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 Ranchi
With car refinancing options in Ranchi, Shriram Finance lets you use your car's value to get financial assistance without selling it. This option comes with flexible repayment terms and competitive interest rates, helping you manage finances with ease. However, this facility is only available if your car does not have an active loan, making it a practical solution for quick funding needs.
Eligibility and Documentation Criteria for Used Car Loan in Ranchi
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 Ranchi
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 Ranchi
Shriram Finance has set up branches in Ranchi to make financial services accessible. They are located in recognised areas, ensuring convenience for customers. Some important locations include:
Locate Us
Used Car Loan Customer Care in Ranchi
Shriram Finance offers customer support in Ranchi to assist with any Pre-owned Car Loan questions. You can reach us by phone or visit a branch for personalised service. Below are our used car loan customer care numbers:
Used Car Loan Status in Ranchi
Checking your Used Car Loan Status in Ranchi is simple. Log in to the Shriram Finance website, go to the 'Loan Status' page, and enter your loan account or application number. You can also visit a branch or call customer care for updates.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Ranchi?
Yes, Shriram Finance provides Used Car Loan in Ranchi with an easy process and quick approval. Flexible repayment options are available.
What are the eligibility criteria for a Used Car Loan in Ranchi?
Applicant must be an Indian citizen aged between 21* and 59* years at loan maturity. Income depends on the car model, age, and loan duration.
What is the interest rate on a Used Car Loan?
Interest rates start at 10%* p.a. but the final rate is based on the borrower profile and vehicle type.
What documents are required for a Used Car Loan in Ranchi?
Documents include an application form, KYC papers, income proof, bank statements, and a car registration certificate. Additional papers may be needed.
What is the processing fee for a Used Car Loan?
Processing fees are up to 5%* of the loan amount. Updated details are on Shriram Finance website.
What is the down payment required for a Used Car Loan in Ranchi?
The loan covers up to 85%* of the car value, and the buyer must pay 15%* as a down payment.
Can I apply for a Used Car Loan online in Ranchi?
Yes, applications can be submitted online via Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Ranchi?
The loan is available for up to 85%* of the car value, with a minimum ₹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.