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Used Car Loans in Sagar
Sagar has many educational institutions and offices across the city. Daily commuting can be challenging with public transport. A used car gives you more freedom to travel on your own schedule. Used car loans in Sagar help residents buy their own vehicle. Shriram Finance provides used car loans in Sagar at 10%* p.a.. The repayment plan of up to 48 months makes monthly payments manageable. The approval happens quickly so you can buy your car without delay.
Used Car Loan Types in Sagar
For Sagar residents, Shriram Finance presents customised used car loan products engineered to meet various customer preferences. Identify the loan type that most suitably corresponds with your requirements and economic situation.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Sagar
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Regular Reminders
Dedicated Customer Service
Car Refinancing Options
Customised Loan Solutions
Easy Online Application
Used Car Loan Interest Rates in Sagar
Shriram Used Car Loan Interest Rates in Sagar commence from 10%* p.a., providing value-oriented and competitive financing options. Our interest rates are crafted to facilitate manageable loan payments, making certain that obtaining a used vehicle fits within your financial limitations. Below is a detailed breakdown of the fundamental charges and fees connected 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 |
Optimise your financial approach by utilising our used car loan EMI calculator to estimate your anticipated interest rate and monthly commitments before proceeding with your loan application.
How to Use the Used Car Loan EMI Calculator
Utilise the straightforward pre-owned car loan calculator to chart your used automobile financing strategy. Insert your desired loan amount and select an appropriate repayment timeframe to get an instant assessment of your monthly EMI obligation. This functional tool was created to enhance your loan preparation experience. It transparently illustrates how changes to loan quantities and tenure options influence your monthly payments, enabling you to choose the most beneficial financing structure that matches your financial resources.
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 Sagar
Shriram Finance offers car refinancing options in Sagar, 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 Sagar
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:- Residency: Accessible to all Indian residents.
- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
- 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:
- 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.
- Bank Statements: Recent banking records may be required.
Step-by-Step Application Process for Used Car Loans in Sagar
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 Sagar
Shriram Finance has launched its Used Car Loan services in Sagar with a user-friendly branch offering efficient processing and reduced documentation requirements. Key locations include:
Locate Us
Used Car Loan Customer Care in Sagar
For Pre-owned Car Loan guidance in Sagar, Shriram Finance maintains specialised customer support services. You can receive personalised assistance by liaising with our team or by visiting one of our strategically positioned branches across the Sagar region. Our used car loan customer service numbers are detailed below:
Used Car Loan Status in Sagar
To check your Used Car Loan Status in Sagar, sign in to your account on the Shriram Finance portal, browse to the 'Loan Status' section and input your application number or loan account number. As an alternative, you can contact our dedicated Sagar customer care team or visit any local branch where our representatives can verify your identity through your digital signature and provide immediate status updates. We prioritise keeping you well-informed during each phase of your loan approval journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Sagar?
Yes, Shriram Finance provides Used Car Loans in Sagar. The institution delivers adaptable and convenient financing arrangements for pre-owned automobiles.
What are the eligibility criteria for a Used Car Loan in Sagar?
To be eligible for a Used Car Loan in Sagar, you must be an Indian citizen, have attained 21* years of age, and be under 59* years at loan conclusion. Income requirements will vary based on the specific vehicle type, its age, and your selected repayment schedule.
What is the interest rate on a Used Car Loan?
Interest rates for Used Car Loans through Shriram Finance start at 10%* p.a.. The specific rate offered will be determined according to various components of your financial profile.
What documents are required for a Used Car Loan in Sagar?
Necessary paperwork includes a fully completed application form, the vehicle's registration documents, KYC documents, proof of your income, and recent bank account statements. Document requirements may differ depending on your personal circumstances and the loan amount you're seeking.
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 Sagar?
Shriram Finance provides funding for up to 85%* of the vehicle's evaluated value, requiring you to make a down payment of the remaining 15%*.
Can I apply for a Used Car Loan online in Sagar?
Yes, you can conveniently 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 Sagar?
The maximum financing available for a Used Car Loan reaches up to 85%* of the vehicle's assessed 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.