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Used Car Loans in Rudrapur
Rudrapur's expanding urban landscape makes personal transport essential for daily commuting. Yet, the rising costs of new cars can put a strain on your budget. A second-hand car presents an affordable solution, providing the convenience of ownership without the financial burden. With used car loans in Rudrapur, you can finance a pre-owned car without dipping into your savings. If you're thinking about buying a used car in Rudrapur, Shriram Finance provides a variety of flexible and convenient loan options. You can enjoy numerous benefits with our used car loans, including financing up to 85%* of the car's value and flexible repayment terms of up to 48 months. Secure your loan today and drive home a car that suits your needs.
Used Car Loan Types in Rudrapur
Here are the used car loan types in Rudrapur from Shriram Finance. Select the loan type that aligns with your financial situation and requirements.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Rudrapur
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Easy Online Application
Used Car Loan Interest Rates in Rudrapur
Shriram Finance offers competitive used car loan interest rates in Rudrapur, starting at 10%* p.a.. These rates are designed to make repayment straightforward and manageable, ensuring that owning a pre-owned car is within reach. Below, you will find a summary of the key charges and fees associated 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 |
Use our second-hand car loan EMI calculator to quickly determine your interest rate and monthly instalments. This tool enables you to plan your finances accurately before submitting a loan application.
How to Use the Used Car Loan EMI Calculator
To calculate your pre-owned car loan EMIs, input your loan amount and tenure. The calculator will instantly display your monthly instalments. It also enables you to compare different loan options and select the best one for 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 Rudrapur
You can get car refinancing from Shriram Finance in Rudrapur. This lets you access funds using your car's value without selling it. Competitive interest rates and flexible repayment plans are offered. This is only available if your car has no active loans making it a useful way to meet immediate financial needs.
Eligibility and Documentation Criteria for Used Car Loans in Rudrapur
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:- Age: Minimum 21* years, with a maximum age of 59* years at loan maturity.
- Residency: All Indian residents.
- 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.
- 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 Rudrapur
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 Rudrapur
Shriram Finance is available in Rudrapur to help you with your used car loan needs. To find the nearest branch for personalised assistance, use our branch locator tool.
Locate Us
Used Car Loan Customer Care in Rudrapur
We are here to assist with all your pre-owned car loan inquiries in Rudrapur. You can reach our customer service team by phone or in person at our branch. The table below provides the relevant customer care numbers:
Used Car Loan Status in Rudrapur
To track your used car loan status in Rudrapur, log in to your Shriram Finance account and go to the 'Loan Status' section. Enter your application or loan account number. You can also call our customer care team or visit a branch for updates. We are dedicated to keeping you informed with regular updates at every stage of your loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Rudrapur?
Yes, Shriram Finance provides used car loans in Rudrapur with tailored financing options to meet your requirements.
What are the eligibility criteria for a used car loan in Rudrapur?
To qualify, you must be an Indian resident, aged 21*-59* years at loan maturity, with a stable income that meets loan eligibility conditions.
What is the interest rate for a used car loan?
The interest rate for used car loans in Rudrapur starts at 10%* p.a., depending on your loan profile.
What documents are required for a used car loan in Rudrapur?
You need to submit an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. The exact paperwork may vary based on your loan profile.
What is the processing fee for a used car loan?
The processing fee can be up to 5%* of the loan amount, depending on the loan terms.
What is the down payment required for a used car loan in Rudrapur?
A 15%* down payment is required since up to 85%* of the vehicle's appraised value can be financed.
Can I apply for a used car loan online in Rudrapur?
Yes, you can apply for a used car loan in Rudrapur through the Shriram Finance website or the Shriram One mobile app using a simple online process.
What is the maximum loan amount I can get for a used car in Rudrapur?
Shriram Finance offers up to 85%* of the vehicle's appraised value, with a minimum loan amount of 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.