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Used Car Loans in Serchhip
Owning a car can greatly improve mobility in Serchhip, but the cost of a brand-new vehicle may not always be feasible. This is where used car loans in Serchhip offer a practical alternative. Whether you are buying a compact car or a spacious SUV, Shriram Finance provides financing solutions that make car ownership more affordable. With flexible repayment options and competitive interest rates, you can get the vehicle you need without straining your finances. The process is simple, ensuring that you can secure a loan with minimal hassle. If you are looking for a reliable way to finance a second-hand vehicle, Shriram Finance's used car loans are a great option.
Used Car Loan Types in Serchhip
To meet different financial needs, Shriram Finance provides multiple used car loan types in Serchhip. Choose the loan type that best matches your requirements and financial situation.
Pre-owned car loan
Loan against car (Car refinancing)
Features and Benefits of Used Car Loans in Serchhip
Competitive interest rates
High financing percentage
Regular reminders
Flexible repayment tenures
Easy online application
Car refinancing options
Dedicated customer service
Customised loan solutions
Used Car Loan Interest Rates in Serchhip
Shriram Finance's used car loan interest rates in Serchhip start at 10%* p.a., offering competitive and affordable financing options. Our interest rates ensure that owning a pre-owned vehicle remains within your budget. Here is a summary of the main 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 |
Plan your budget effectively before applying for a loan. Use our second-hand car loan EMI calculator to estimate your interest rate and monthly payments.
How to Use the Used Car Loan EMI Calculator
Simply input your loan amount and tenure into our pre-owned car loan EMI calculator. It will instantly generate your estimated monthly instalment. The calculator can be used to compare different loan options and choose the most suitable 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Serchhip
Shriram Finance offers car refinancing options in Serchhip, allowing you to use your vehicle's value for immediate funds without selling it. This service helps you access money using your car's value, which can be useful for various financial needs. Our refinancing solutions provide competitive interest rates and flexible repayment options so that you can manage your finances efficiently while keeping your vehicle. This option is available if there are no existing loans on the vehicle.
Eligibility and Documentation Criteria for Used Car Loans in Serchhip
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 Serchhip
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 Serchhip
Get expert help with your used car loan by visiting a Shriram Finance branch in Serchhip. Find the nearest branch easily with our online branch locator tool.
Locate Us
Used Car Loan Customer Care in Serchhip
For all your pre-owned car loan inquiries in Serchhip, Shriram Finance offers easily accessible customer care. Contact us by phone or visit any branch for support.
Used Car Loan Status in Serchhip
To check your used car loan status in Serchhip, simply log in to your account on the Shriram Finance website, navigate to the 'Loan Status' section and enter your application number or loan account number. You can also call our customer care number or visit a branch to ask about your loan status. Make your used car purchase in Serchhip a positive experience with Shriram Finance's hassle-free financing.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Serchhip?
Yes, used car loans are available in Serchhip with financing options to make pre-owned car ownership easy and affordable.
What are the eligibility criteria for a used car loan in Serchhip?
Qualifying for a used car loan requires you to be an Indian resident between 21* years and 59* years at loan maturity. The income requirement varies based on the vehicle model, age, and how long you choose to repay the loan.
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 final rate may vary depending on your profile.
What documents are required for a used car loan in Serchhip?
To apply for a used car loan in Serchhip, provide a completed application form, your vehicle's registration certificate, KYC documents, proof of income, and bank statements. Please note that the specific documents required may vary based on your individual profile and the loan amount.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount may apply to used car loans.
What is the down payment required for a used car loan in Serchhip?
We finance up to 85%* of the vehicle's value, meaning you need to make a down payment of the remaining 15%*.
Can I apply for a used car loan online in Serchhip?
Yes, you can apply for a used car loan online via the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Serchhip?
You can get a loan of up to 85%* of the vehicle's value, with a minimum loan amount of ₹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.