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Used Car Loans in Srikakulam
Srikakulam creates an environment where owning a personal vehicle significantly improves accessibility and daily convenience. For numerous locals, acquiring a second-hand car represents an economical solution compared to the substantial investment required for a new vehicle. Used car loans in Srikakulam deliver the financial backing needed to realise this acquisition. Shriram Finance emerges as a reliable financial partner extending used car loans in Srikakulam, offering 10%* p.a. interest rates, up to 48 months repayment flexibility, and quick approvals with minimal documentation to address the varied needs of vehicle purchasers in this growing coastal city.
Used Car Loan Types in Srikakulam
For Srikakulam residents, Shriram Finance provides comprehensive used car loan options tailored to address different customer objectives. Identify the loan category that most effectively aligns with your unique needs and financial circumstances.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Srikakulam
Regular Reminders
Competitive Interest Rates
High Financing Percentage
Flexible Repayment Tenures
Dedicated Customer Service
Easy Online Application
Customised Loan Solutions
Car Refinancing Options
Used Car Loan Interest Rates in Srikakulam
Shriram Used Car Loan Interest Rates in Srikakulam begin at 10%* p.a., offering affordable and competitive financing solutions. Our interest rates are designed to facilitate manageable loan instalments, ensuring that purchasing a second-hand vehicle remains within your financial parameters. Below is 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 |
Improve your financial preparation by utilising our second-hand car loan EMI calculator to estimate your applicable interest rate and monthly obligations before completing your loan request.
How to Use the Used Car Loan EMI Calculator
With the pre-owned car loan calculator, planning your used vehicle purchase becomes effortless. Choose your required loan amount and preferred repayment duration and instantly view your monthly EMI obligation. This practical tool has been designed to simplify your loan preparation process. By showing how various loan amounts and tenure options influence your monthly repayments, the calculator helps you identify the most appropriate financing arrangement that aligns with your budget constraints.
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 Srikakulam
In Srikakulam, Shriram Finance delivers car refinancing programs that help you tap into your vehicle's underlying worth without relinquishing ownership. This financial arrangement allows you to convert your car's equity into instant liquidity for addressing various monetary challenges. With favourable interest rates and adaptable repayment terms, Shriram Finance ensures you can handle your financial commitments efficiently while keeping full possession of your vehicle. This refinancing initiative is specifically tailored for vehicles without any existing encumbrances, offering a practical monetary solution when you require additional funds for individual or business purposes.
Eligibility and Documentation Criteria for Used Car Loans in Srikakulam
To check used car loan eligibility online, candidates need to satisfy these conditions. Documentation requirements may differ based on applicant profile and financing specifications.
Eligibility Criteria:- Income: Requirements differ based on the vehicle's make, age, and preferred loan period.
- Age: At least 21* years of age, not older than 59* years at loan maturity.
- Residency: Open to all individuals residing in India.
Required Documents:- To check used car loan eligibility online, particular paperwork is essential. The crucial documents comprise:
- Bank Statements: Recent banking records might be requested.
- Income Proof: Salary slips for employed applicants; tax documentation for self-employed individuals.
- Vehicle Documents: Full registration details and current insurance papers for the pre-owned vehicle.
- KYC Documents: Verified proof of identity and address of residence.
Step-by-Step Application Process for Used Car Loans in Srikakulam
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 Srikakulam
Shriram Finance now serves Srikakulam with a dedicated branch providing specialised Used Car Loan services tailored to the unique needs of this coastal community. Key locations include:
Locate Us
Used Car Loan Customer Care in Srikakulam
Shriram Finance delivers specialised customer support for Pre-owned Car Loan inquiries in Srikakulam. You can access personalised assistance by reaching out to our team or by visiting one of our conveniently located branches in your area. Our used car loan customer service telephone numbers are listed as follows:
Used Car Loan Status in Srikakulam
To check your Used Car Loan Status in Srikakulam, sign in to 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 call our customer service department or visit any nearby branch to obtain information about your loan application progress. We provide you with regular updates during all stages 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 Srikakulam?
Yes, Shriram Finance extends Used Car Loans in Srikakulam. The organisation delivers flexible and accessible financing arrangements for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Srikakulam?
To be eligible for a Used Car Loan in Srikakulam, you must be an Indian resident, have completed 21* years of age, and not be older than 59* years at loan maturity. Income criteria will differ based on the specific vehicle type, its age, and your preferred repayment tenure.
What is the interest rate on a Used Car Loan?
Interest rates for Used Car Loans provided by Shriram Finance commence at 10%* p.a.. The exact rate offered will be influenced by various elements of your financial profile.
What documents are required for a Used Car Loan in Srikakulam?
Necessary documentation comprises a completed application form, the vehicle's registration papers, KYC documents, proof of income, and recent banking statements. Document requirements may vary depending on your individual situation and the loan amount requested.
What is the processing fee for a Used Car Loan?
Shriram Finance imposes a processing fee of up to 5%* of the principal loan amount for Used Car Loans.
What is the down payment required for a Used Car Loan in Srikakulam?
Shriram Finance finances up to 85%* of the vehicle's determined value, requiring you to provide the remaining 15%* as a down payment.
Can I apply for a Used Car Loan online in Srikakulam?
Yes, you can conveniently apply for a Used Car Loan online through Shriram Finance's official website or by using the Shriram One mobile application with minimal effort.
What is the maximum loan amount I can get for a used car in Srikakulam?
The maximum funding available for a Used Car Loan reaches 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.