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Used Car Loans in Sonipat
Sonipat's rapid development has made personal transport essential for convenience and efficiency. Buying a pre-owned car is a cost-effective way to enjoy the benefits of vehicle ownership. Used car loans in Sonipat provide the necessary funds to help you purchase a second-hand car without a heavy financial burden. If you wish to obtain a second-hand car loan, you can consider Shriram Finance that offers flexible loan solutions with customer-centric features. Whether you are upgrading your car or buying your first one, our financing solutions make the process simple. Apply today and take a step towards car ownership.
Used Car Loan Types in Sonipat
Shriram Finance provides various used car loan types in Sonipat to meet diverse customer requirements. Select the loan variant that most suitably addresses your needs and financial circumstances.
Pre-owned car loan
Loan against car (Car refinancing)
Features and Benefits of Used Car Loans in Sonipat
Competitive interest rates
Flexible repayment tenures
High financing percentage
Regular reminders
Easy online application
Car refinancing options
Customised loan solutions
Dedicated customer service
Used Car Loan Interest Rates in Sonipat
Shriram Finance offers loans with competitive interest rates, beginning at just 10%* p.a., making your purchase more affordable. We prioritise comfortable repayment plans, simplifying pre-owned vehicle ownership. See below for a breakdown of our key charges and fees:
| 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 |
With our second-hand car loan EMI calculator, you can estimate your potential interest rate and EMIs. This user-friendly tool assists in more effective financial planning prior to loan application submission.
How to Use the Used Car Loan EMI Calculator
To operate the pre-owned car loan calculator, select your preferred loan amount and tenure. The calculator will promptly provide your monthly EMI figure, aiding effective financial planning. This accessible tool helps you understand how various loan amounts and tenures influence your monthly payments.
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 Sonipat
Access capital without selling your car in Sonipat with Shriram Finance's refinancing. Leverage your vehicle's value for immediate funds, benefiting from competitive interest and manageable payments. This option requires your car to be free of existing loans.
Eligibility and Documentation Criteria for Used Car Loans in Sonipat
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 Sonipat
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 Sonipat
Shriram Finance maintains operations in Sonipat to assist your second-hand car loan requirements. To identify the nearest branch, please utilise our branch locator facility.
Locate Us
Used Car Loan Customer Care in Sonipat
Shriram Finance provides dedicated customer care services in Sonipat for pre-owned car loan enquiries. You may contact us via telephone or visit any branch for individualised assistance.
Used Car Loan Status in Sonipat
To verify your used car loan status in Sonipat, simply access your account on the Shriram Finance website. Proceed to the 'Loan Status' section and input your application number or loan account number. Alternatively, you may contact our customer care number or visit a branch to enquire about your loan status. We strive to maintain regular communication throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Sonipat?
Yes, you can secure a used car loan in Sonipat from Shriram Finance. We provide flexible and accessible financing options for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Sonipat?
To qualify for a used car loan, you must be an Indian resident, aged at least 21* years, and not exceeding 59* years at loan maturity. Income requirements vary according to the vehicle model, age, and repayment tenure.
What is the interest rate on a used car loan?
The interest rate for our used car loans begins at 10%* p.a., though the precise rate may fluctuate based on individual circumstances.
What documents are required for a used car loan in Sonipat?
Required documentation includes an application form, vehicle registration certificate, KYC documents, income verification, and bank statements. The specific document requirements may vary according to your profile and loan amount.
What is the processing fee for a used car loan?
The processing fee for a used car loan extends up to 5%* of the loan amount.
What is the down payment required for a used car loan in Sonipat?
We provide financing of up to 85%* of the vehicle's value, necessitating a down payment of the remaining 15%*.
Can I apply for a used car loan online in Sonipat?
Yes, you can submit a used car loan application online via the Shriram Finance website or Shriram One mobile application through a streamlined process.
What is the maximum loan amount I can get for a used car in Sonipat?
The maximum loan amount for a used car loan reaches up to 85%* of the vehicle's value, with a minimum loan threshold 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.