- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications4
Terms and Conditions
Used Car Loans in Siddipet
Siddipet is growing quickly with new areas developing around the town. Public transport does not reach all these places. A used car helps families travel where they need to go. Used car loans in Siddipet make buying a car simpler. Shriram Finance offers used car loans in Siddipet at 10%* p.a. The up to 48 months repayment option works well for most people. The easy process helps you get your car with less waiting.
Used Car Loan Types in Siddipet
For Siddipet residents, Shriram Finance introduces specialised used car loan offerings crafted to fulfil diverse customer preferences. Identify the loan type that most suitably corresponds with your requirements and economic condition.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Siddipet
Regular Reminders
Flexible Repayment Tenures
Competitive Interest Rates
High Financing Percentage
Dedicated Customer Service
Customised Loan Solutions
Car Refinancing Options
Easy Online Application
Used Car Loan Interest Rates in Siddipet
Shriram Used Car Loan Interest Rates in Siddipet commence at 10%* p.a., delivering cost-effective and competitive financing options. Our interest rates are structured to enable convenient loan instalments, ensuring that securing a used automobile aligns with your financial limitations. Below is a detailed summary of the essential charges and fees related 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 |
Strengthen your financial strategy by accessing our second-hand car loan EMI calculator to evaluate your expected interest rate and monthly commitments before submitting your loan application.
How to Use the Used Car Loan EMI Calculator
Utilise the convenient pre-owned car loan calculator to map out your used vehicle financing strategy. Enter your preferred loan amount and select an appropriate repayment timeframe to receive an instant calculation of your monthly EMI obligation. This practical tool was developed to streamline your loan preparation experience. It clearly shows how adjustments to loan amounts and tenure options influence your monthly payments, enabling you to select the most favourable financing structure that aligns with 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
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Siddipet
Shriram Finance offers car refinancing options in Siddipet, 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 Siddipet
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:- Age: At least 21* years old, not surpassing 59* years at loan conclusion.
- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
- Residency: Accessible to all Indian residents.
Required Documents:- To check used car loan eligibility online, particular paperwork is essential. The important documents comprise:
- Bank Statements: Recent banking records may be required.
- KYC Documents: Authorised identity and address proof.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
Step-by-Step Application Process for Used Car Loans in Siddipet
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 Siddipet
Shriram Finance has introduced its Used Car Loan services in Siddipet with a client-friendly branch offering fast processing and simplified paperwork requirements. Key locations include:
Locate Us
Used Car Loan Customer Care in Siddipet
For Pre-owned Car Loan guidance in Siddipet, Shriram Finance offers specialised customer care resources. You can obtain tailored help by connecting with our team or by visiting one of our easily accessible branches in your region. Our used car loan customer service numbers are outlined below:
Used Car Loan Status in Siddipet
To check your Used Car Loan Status in Siddipet, visit the Shriram Finance website, login to your account, navigate to the 'Loan Status' area and submit your application number or loan account number. Should you prefer direct support, our customer service team is available by phone, or you can stop by any Siddipet branch where our executives can quickly retrieve your status using your unique application reference code. We are committed to providing transparent updates at every milestone 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 Siddipet?
Yes, Shriram Finance offers Used Car Loans in Siddipet. Shriram Finance provides adaptable and convenient financing arrangements for second-hand automobiles.
What are the eligibility criteria for a Used Car Loan in Siddipet?
To qualify for a Used Car Loan in Siddipet, applicants must be Indian citizens, have reached 21* years of age, and be under 59* years at loan maturity. Income criteria will vary according to the specific vehicle category, its age, and your selected repayment schedule.
What is the interest rate on a Used Car Loan?
Shriram Finance's interest rates for Used Car Loans start from 10%* p.a.. Your specific rate will be established based on several components of your financial standing.
What documents are required for a Used Car Loan in Siddipet?
Required paperwork comprises a fully completed application form, vehicle registration certificate, KYC documentation, evidence of your income, and recent banking statements. Documentation needs may differ based on your individual circumstances and the requested loan amount.
What is the processing fee for a Used Car Loan?
For Used Car Loans, Shriram Finance applies a processing fee of up to 5%* of the total loan principal.
What is the down payment required for a Used Car Loan in Siddipet?
Shriram Finance offers financing for up to 85%* of the vehicle's determined value, meaning you'll need to provide the remaining 15%* as down payment.
Can I apply for a Used Car Loan online in Siddipet?
Yes, applying for a Used Car Loan can be done conveniently through Shriram Finance's official website or via the Shriram One mobile application with minimal hassle.
What is the maximum loan amount I can get for a used car in Siddipet?
The maximum financing available for a Used Car Loan extends up to 85%* of the vehicle's appraised value, with minimum loan amounts beginning 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.