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Used Car Loans in Ranebennur
Budget-conscious individuals in Ranebennur can benefit from choosing second-hand cars. Shriram's Used Car Loans in Ranebennur provide tailored financing options with interest rates beginning at 10%* p.a.. and loans covering up to 85%* of the car's price. The quick and straightforward application process makes it easy to own a reliable vehicle. Read this guide for details on applying for a Used Car Loan in Ranebennur.
Used Car Loan Types in Ranebennur
Shriram Finance offers a range of Used Car Loan options in Ranebennur to meet different customer needs. Consider each loan type carefully to determine which best fits your financial situation.
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Ranebennur
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Terms
Timely Payment Reminders
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Service
Used Car Loan Interest Rates in Ranebennur
Shriram Used Car Loan Interest Rates in Ranebennur begin at a competitive 10%* p.a., making our financing options attractive and affordable. These rates are structured to facilitate manageable repayment plans, making it easier to own a second-hand car.
| 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 EMI calculator for second-hand car loans to estimate your potential interest costs and monthly payments, helping you plan your finances before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To effectively use the pre-owned car loan EMI calculator, simply type in your chosen loan amount and select your preferred repayment length. The calculator will instantly provide your estimated monthly EMI, helping you adjust your financial planning. This simple tool clearly demonstrates how different loan amounts and repayment timeframes can affect your monthly payments, enabling you to select the option that best suits 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
âı 1,00,000
Interest Payable
âı 8,103
Monthly EMI
âı 6,006
Car Refinancing in Ranebennur
Shriram Finance offers effective car refinancing options in Ranebennur, which allow you to access immediate funds based on the value of your current vehicle without selling it. This service is an excellent way to utilise your car's worth for various financial requirements. Our refinancing solutions feature attractive interest rates and adjustable repayment plans, ensuring you can manage your finances comfortably while continuing to use your vehicle. This option is available if the car has no existing loans, making it a convenient financial choice.
Eligibility and Documentation Criteria for Used Car Loans in Ranebennur
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 Ranebennur
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 Ranebennur
To locate the nearest branch in Ranebennur or nearby locations, please utilise our branch locator tool on the Shriram Finance website.
Locate Us
Used Car Loan Customer Care in Ranebennur
Shriram Finance is focused on providing excellent customer service in Ranebennur, ensuring you receive expert assistance with your pre-owned car loan questions. You can reach us easily via phone or visit a local branch for dedicated help.
Used Car Loan Status in Ranebennur
To view your Used Car Loan Status in Ranebennur, log into your account securely on the Shriram Finance website and navigate to the 'Loan Status' section. Simply input your application number or loan account number for the latest updates. You are also welcome to reach out to our customer care team directly or visit one of our conveniently located branches for inquiries about your loan status. We are dedicated to keeping you informed throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Ranebennur?
Yes, you can get a Used Car Loan in Ranebennur from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Ranebennur?
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 Ranebennur?
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 Ranebennur?
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 Ranebennur?
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 Ranebennur?
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 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.