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Used Car Loan in Rourkela
Financing a second-hand car in Rourkela is easier with a Used Car Loan in Rourkela from Shriram Finance. Instead of making a large upfront payment, you can secure funds with a structured repayment plan that suits your budget. Whether you need a car for work or personal use, knowing the eligibility criteria, required documents, and loan process beforehand ensures a hassle-free experience. Here's what you need to know to get started.
Used Car Loan Types in Rourkela
Shriram Finance offers flexible second-hand car loan options in Rourkela to help customers meet their financial goals. Pick a loan option that best fits your financial situation and repayment capacity.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loan in Rourkela
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Car Refinancing Options
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Used Car Loan Interest Rates in Rourkela
The Used Car Loan in Rourkela from Shriram Finance comes with attractive interest rates starting at 10%* p.a., making it an economical choice for buyers. These rates are structured to keep your loan repayments stress-free while you finance a pre-owned car. Below is a list of key 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 |
You may also use our second-hand car loan EMI calculator to check your estimated EMIs and interest rates. This easy-to-use tool helps you plan and choose the right loan.
How to Use the Used Car Loan EMI Calculator
Using the pre-owned car loan calculator is easy. Simply select your preferred loan amount and tenure, and the calculator will instantly show your estimated EMI. This gives you a clear understanding of your repayment plan before applying. The tool also helps you see how different loan amounts and tenures impact your EMI, allowing you to choose wisely. It is a useful way to ensure your loan aligns with 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 Rourkela
With car refinancing options in Rourkela from Shriram Finance, you can unlock extra funds by using your car's value without selling it. This option helps you meet urgent financial needs while keeping your vehicle. We provide competitive interest rates and flexible repayment terms to make repayment easier. This facility is only available if there are no existing loans on the car, making it a great financial solution for those looking for quick funds.
Eligibility and Documentation Criteria for Used Car Loan in Rourkela
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:
- KYC Documents: Proof of identity and address.
- Bank Statements: Recent bank statements may be required.
- Vehicle Documents: Registration certificate and insurance details of the used car.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
Step-by-Step Application Process for Used Car Loan in Rourkela
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 Rourkela
Shriram Finance has branches in Rourkela to make banking and loan services easily accessible for you. These branches are located in key parts of the city so that you can visit without hassle. A few important locations are:
Locate Us
Used Car Loan Customer Care in Rourkela
To assist you better, Shriram Finance offers special customer care services in Rourkela for all Pre-owned Car Loan-related questions. You can reach out to us over the phone or visit a nearby branch for personalised help. Below are our used car loan customer care numbers:
Used Car Loan Status in Rourkela
To know your Used Car Loan Status in Rourkela, visit Shriram Finance website and log in to your account. Go to the 'Loan Status' page and enter your loan account number or application number to check the status. You can also get in touch with us by calling our customer care number or visiting any of our branches. We ensure that you stay updated on your loan status throughout the process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Rourkela?
Yes, you can apply for a Used Car Loan in Rourkela through Shriram Finance. The loan comes with flexible repayment options and simple steps for quick approval. You can choose a loan amount depending on the car's value and your repayment ability.
What are the eligibility criteria for a Used Car Loan in Rourkela?
To be eligible, you should be an Indian resident aged 21* years or older but not more than 59* years at loan closure. Income needed depends on vehicle type, model, and repayment period.
What is the interest rate on a Used Car Loan?
Interest rates start from 10%* p.a. but may change depending on car type, age, and borrower profile.
What documents are required for a Used Car Loan in Rourkela?
Documents needed are an application form, KYC, income proof, bank statements, and vehicle registration certificate. Extra documents may be required based on the loan profile.
What is the processing fee for a Used Car Loan?
Processing charges are up to 5%* of the loan. To know more, visit Shriram Finance website for current fees and rates.
What is the down payment required for a Used Car Loan in Rourkela?
Shriram Finance funds up to 85%* of car's value. You will pay 15%* as down payment.
Can I apply for a Used Car Loan online in Rourkela?
Yes, you can easily apply online using Shriram Finance website or Shriram One app.
What is the maximum loan amount I can get for a used car in Rourkela?
Loans are available up to 85%* of car's price, with minimum 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.