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Used Car Loans in Shivpur
Residents across Shivpur regularly travel to neighbouring communities for essential shopping and services. A pre-owned vehicle makes these necessary trips more convenient. Used car loans in Shivpur provide an effective answer to everyday transportation challenges. Shriram Finance offers used car loans in Shivpur with rates starting from 10%* p.a. Our adaptable up to 48 months tenure options help make automobile ownership accessible for many families.
Used Car Loan Types in Shivpur
For Shivpur residents, Shriram Finance delivers customised used car loan options crafted to address various customer requirements. Select the loan category that best aligns with your needs and financial situation.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Shivpur
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Flexible Repayment Tenures
Easy Online Application
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Used Car Loan Interest Rates in Shivpur
Shriram Used Car Loan Interest Rates in Shivpur begin at 10%* p.a., offering affordable and competitive financing solutions. Our interest rates are designed to facilitate manageable loan instalments, ensuring that acquiring a pre-owned vehicle fits within your budget constraints. Below you'll find a comprehensive overview 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 |
Enhance your financial planning by utilising our second-hand car loan EMI calculator to estimate your potential interest rate and monthly obligations before proceeding with your loan application.
How to Use the Used Car Loan EMI Calculator
Access the user-friendly pre-owned car loan calculator to plan your used vehicle financing approach. Input your desired loan amount and choose a suitable repayment period to get an immediate estimate of your monthly EMI commitment. This practical tool was designed to simplify your loan planning process. It effectively demonstrates how modifications to loan values and tenure selections affect your monthly instalments, allowing you to determine the most advantageous financing arrangement that matches your budget capabilities.
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 Shivpur
Shriram Finance helps car owners get money from their vehicle without giving up ownership. This smart financial service turns your car's value into quick cash to meet different money needs. With easy interest rates and flexible payment plans, Shriram Finance makes it simple to manage your finances while keeping your car. This special refinancing option is perfect for cars without any existing loans, giving you a practical way to get extra funds for personal or business reasons.
Eligibility and Documentation Criteria for Used Car Loans in Shivpur
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, paperwork is essential. The important documents comprise:
- KYC Documents: Authorised identity and address proof.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
- Bank Statements: Recent banking records may be required.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
Step-by-Step Application Process for Used Car Loans in Shivpur
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 Shivpur
Shriram Finance has extended its Used Car Loan services to Shivpur with a customer-friendly branch offering quick processing and minimal paperwork. Key locations include:
Locate Us
Used Car Loan Customer Care in Shivpur
For Pre-owned Car Loan support, Shriram Finance provides specialised customer assistance channels. Reach out to our dedicated team through multiple contact points or explore our nearby branch locations for personalised guidance.
Used Car Loan Status in Shivpur
To check your Used Car Loan Status, log into the Shriram Finance website, navigate to the dedicated 'Loan Status' section, and enter your application or loan account number for instant updates. You also have the option to call our customer service representatives or visit any branch in your area to obtain information about your loan application progress. We are committed to keeping you well-informed throughout all phases of the loan approval procedure.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Shivpur?
Yes, Shriram Finance extends comprehensive financing solutions for pre-owned vehicles in Shivpur, offering adaptable and accessible loan options tailored to local customers' needs.
What are the eligibility criteria for a Used Car Loan in Shivpur?
Applicants must be Indian citizens aged between 21* and 59* years at loan maturity. Specific income requirements are determined by the vehicle's characteristics, age, and selected repayment structure.
What is the interest rate on a Used Car Loan?
Competitive interest rates commence from 10%* p.a., with the final rate calculated based on individual financial considerations and profile assessment.
What documents are required for a Used Car Loan in Shivpur?
Documentation includes a comprehensive application form, vehicle registration documents, KYC verification, income proof, and recent bank statements. Specific requirements may vary depending on individual circumstances.
What is the processing fee for a Used Car Loan?
A processing fee of up to 5%* of the principal loan amount is applicable for Used Car Loans.
What is the down payment required for a Used Car Loan in Shivpur?
Financing covers up to 85%* of the vehicle's evaluated value, with customers responsible for a 15%* down payment.
Can I apply for a Used Car Loan online in Shivpur?
Online application is available through Shriram Finance's official website and Shriram One mobile application, ensuring a seamless and convenient process.
What is the maximum loan amount I can get for a used car in Shivpur?
Loan financing extends up to 85%* of the vehicle's appraised value, with minimum loan amounts starting at ₹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.