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Used Car Loans in Silchar
Having a car in Silchar makes travel easy, whether for daily travel or family trips. However, purchasing a new car comes with a hefty price tag due to high showroom costs, taxes, insurance, and registration fees. Used cars are a cost-effective alternative, offering lower purchase prices and reduced depreciation. Shriram Finance provides used car loans in Silchar make owning a pre-owned vehicle more affordable by reducing the need for a large upfront payment. With our flexible EMIs and competitive interest rates, you can spread the cost over a convenient tenure. We aim to make loan approval hassle-free with an easy online application process and minimal documentation. Apply online or visit a branch to check the loan options.
Used Car Loan Types in Silchar
Check the used car loan types in Silchar offered by Shriram Finance to meet various customer needs. 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 Silchar
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Regular Reminders
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Dedicated Customer Service
Used Car Loan Interest Rates in Silchar
If you're looking for a used car loan in Silchar, Shriram Finance has rates starting from 10%* p.a. We offer competitive rates and easy repayment plans, making owning a second-hand car simpler. Key charges and fees are listed below:
| 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 |
Our second-hand car loan EMI calculator can be used to estimate your monthly instalments for a used car loan.
How to Use the Used Car Loan EMI Calculator
The pre-owned car loan calculator helps you estimate your monthly repayments for a used car loan. Simply enter the loan amount, interest rate, and tenure to get an instant breakdown of your EMI, total interest, and overall loan cost. This calculator lets you adjust figures and compare repayment options, ensuring better financial planning before applying for a loan.
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 Silchar
If you're in Silchar and need quick funds, Shriram Finance's car refinancing is a good option. With this facility, you can use your car's value to get money, without selling it. However, this is only possible if your car has no running loans. We offer good easy repayment plans and competitive interest rates.
Eligibility and Documentation Criteria for Used Car Loans in Silchar
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 Silchar
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 Silchar
Shriram Finance maintains a presence in Silchar to facilitate your used car loan requirements. To locate the nearest branch for personalised assistance, kindly utilise our branch locator.
Locate Us
Used Car Loan Customer Care in Silchar
Our dedicated customer service team is available to address all queries related to pre-owned car loans. You may contact us via phone or visit a branch for assistance. The table below provides the customer care numbers for our services:
Used Car Loan Status in Silchar
For tracking the status of your used car loan in Silchar, please log in to your Shriram Finance account. Go to the 'Loan Status' section and enter your application or loan account number. Otherwise, you can contact our customer care team by phone or visit a branch for updates. Secure appropriate financial assistance to buy a used car with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Silchar?
Yes, we offer used car loan facilities in Silchar, providing convenient financing solutions
What are the eligibility criteria for a used car loan in Silchar?
To be eligible for a used car loan, applicants must be Indian residents aged 21* to 59* years at the time of loan maturity. Income eligibility is determined based on factors such as the vehicle's model, age, and the loan tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates start at 10%* p.a. However, the final interest rate is subject to variation based on several determining factors.
What documents are required for a used car loan in Silchar?
The documentation for a used car loan includes an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. Precise documentary requirements may differ based on the individual loan profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan can be up to 5%* of the loan amount.
What is the down payment required for a used car loan in Silchar?
We provide financing for up to 85%* of the vehicle's assessed value. Therefore, the remaining 15%* must be arranged as a down payment.
Can I apply for a used car loan online in Silchar?
Yes, applications for used car loans can be submitted online in Silchar through the Shriram Finance website or the Shriram One mobile application
What is the maximum loan amount I can get for a used car in Silchar?
You can obtain up to 85%* of the vehicle's value as a loan, with the minimum loan amount starting from 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.