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Used Car Loans in Sitamarhi
Owning a car in Sitamarhi can enhance your travel experience, whether for daily errands or long-distance trips. Opting for a pre-owned vehicle is a cost-effective way to enjoy the benefits of car ownership without stretching your finances. Used car loans in Sitamarhi make it easier to buy a second-hand car with minimal upfront costs. Shriram Finance offers flexible used car loans, ensuring you get the right financial support with competitive interest rates and convenient repayment options. Whether you're buying your first car or upgrading to a better model, our financing solutions are designed to suit different budgets. With a simple application process and quick approvals, securing a used car loan has never been more convenient. Apply online or visit a branch to explore personalised loan options and drive home your chosen vehicle without financial stress.
Used Car Loan Types in Sitamarhi
Shriram Finance offers different used car loan types in Sitamarhi to match diverse customer needs. Choose a loan that suits your financial situation and requirements.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Sitamarhi
High Financing Percentage
Flexible Repayment Tenures
Competitive Interest Rates
Regular Reminders
Easy Online Application
Customised Loan Solutions
Dedicated Customer Service
Car Refinancing Options
Used Car Loan Interest Rates in Sitamarhi
Shriram Finance offers used car loan interest rates in Sitamarhi starting at 10%* p.a., ensuring affordable financing options. Our competitive rates are structured to help you repay comfortably while making pre-owned car ownership hassle-free. Below is an overview of the charges and fees applicable to our used car loans:
| 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 helps you estimate your monthly EMIs and interest rates before applying. This tool allows you to plan your finances effectively, ensuring you choose a loan option that fits your budget.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, enter your desired loan amount and tenure. The calculator will instantly generate your estimated EMI, helping you make well-informed financial choices. You can adjust the loan amount and tenure to explore different repayment options and select the most suitable one.
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 Sitamarhi
Shriram Finance provides car refinancing in Sitamarhi, enabling you to unlock funds using your car's value without selling it. This service is ideal for those who require quick financial assistance while continuing to use their vehicle. Our refinancing options come with competitive interest rates and flexible repayment plans, ensuring convenience. To avail of this facility, your vehicle must be free from any existing loans.
Eligibility and Documentation Criteria for Used Car Loans in Sitamarhi
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 Sitamarhi
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 Sitamarhi
Shriram Finance has a presence in Sitamarhi to assist you with used car loans. Use our branch locator to find the nearest branch for support and guidance.
Locate Us
Used Car Loan Customer Care in Sitamarhi
For any queries regarding a pre-owned car loan, reach out to our dedicated customer care team. Call us or visit a branch for personalised support.
Used Car Loan Status in Sitamarhi
To check your used car loan status in Sitamarhi, log in to your Shriram Finance account, go to the 'Loan Status' section, and enter your application or loan account number. You can also call our customer care team or visit a branch for updates. At Shriram Finance, our loan process is designed for complete transparency.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Sitamarhi?
Yes, we provide used car loans in Sitamarhi with easy financing options for those looking to purchase a pre-owned vehicle.
What are the eligibility criteria for a used car loan in Sitamarhi?
You are eligible for a used car loan if you are an Indian resident between 21* and 59* years old at the loan's completion. The necessary income level varies depending on the car's model, its age, and the length of your repayment plan.
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 is subject to your eligibility.
What documents are required for a used car loan in Sitamarhi?
The documents required for a used car loan in Sitamarhi include an application form, vehicle registration certificate, KYC documents, income proof, and bank statements. Requirements may vary depending on the loan profile.
What is the processing fee for a used car loan?
The processing fee for a used car loan with Shriram Finance can go up to 5%* of the loan amount.
What is the down payment required for a used car loan in Sitamarhi?
We offer financing of up to 85%* of the car's value, requiring you to pay a 15%* down payment.
Can I apply for a used car loan online in Sitamarhi?
Yes, you can apply for a used car loan online through the Shriram Finance website or Shriram One mobile app by following a simple process.
What is the maximum loan amount I can get for a used car in Sitamarhi?
You can secure up to 85%* of the car's value as a loan, with a minimum loan amount starting from ₹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.