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Used Car Loans in Srinagar
Due to Srinagar's seasonal challenges, there is a strong demand for personal vehicles. During harsh winters and frequent road disruptions, owning a car ensures safe and comfortable travel. However, buying a new car can be expensive. A used vehicle offers the same utility at a lower price. Used car loans in Srinagar provide the financial support needed to purchase a second-hand car without a heavy upfront cost. With Shriram Finance, you can obtain used car loans starting from,âı1 lakh* with repayment options extending up to 48 months. The loan process is simple, with minimal paperwork for quick processing. Whether you need a car for daily travel or long journeys across the valley, a pre-owned vehicle is a practical investment. Apply online or visit a Shriram Finance branch today!
Used Car Loan Types in Srinagar
Shriram Finance provides the following used car loan types in Srinagar to meet diverse customer needs. Choose the loan type that best suits your financial goals and repayment capacity.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Srinagar
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Car Refinancing Options
Dedicated Customer Support
Easy Online Application
Used Car Loan Interest Rates in Srinagar
Shriram Finance offers used car loans in Srinagar at competitive interest rates starting from 10%* p.a. These rates are structured to keep repayments manageable, ensuring stress-free car ownership. Below is a table outlining the interest rates and applicable charges for our used car loan services:
| 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 |
Use our second-hand car loan EMI calculator to get a clear estimate of your monthly instalments.
How to Use the Used Car Loan EMI Calculator
To use our pre-owned car loan calculator, simply enter your preferred loan amount and tenure. The calculator will immediately generate your estimated EMI, helping you plan your finances effectively. This tool provides a clear breakdown of loan amounts and repayment structures.
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 Srinagar
Shriram Finance offers car refinancing, enabling you to access funds while keeping your car. This facility allows you to use your vehicle's equity without selling it. With competitive interest rates and flexible repayment plans, this service ensures a smooth financing experience. It is available only for vehicles with no ongoing loans, giving you better financial flexibility.
Eligibility and Documentation Criteria for Used Car Loans in Srinagar
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 Srinagar
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 Srinagar
Shriram Finance operates in Srinagar to provide professional guidance for your used car loan requirements. Use our branch locator to find the nearest branch for personalised support.
Locate Us
Used Car Loan Customer Care in Srinagar
For queries related to your pre-owned car loan, our dedicated customer support team is available to assist you. Reach out via phone or visit a branch for direct assistance. Refer to the table below for customer care contact details:
Used Car Loan Status in Srinagar
To check the status of your used car loan in Srinagar, log into your Shriram Finance account and navigate to the 'Loan Status' section. Enter your loan account or application number to track progress. You can also contact customer service or visit a branch for updates. We prioritise transparency at every stage of your loan journey.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Srinagar?
Yes, we offer used car loans in Srinagar with flexible financing options, making it easier for you to buy a pre-owned vehicle.
What are the eligibility criteria for a used car loan in Srinagar?
Applicants must be Indian residents, aged between 21* and 59* years at the time of loan maturity. The income requirement is determined based on factors such as the car's model, age, and loan tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates begin at 10%* p.a., though the final rate depends on various factors specific to your loan application.
What documents are required for a used car loan in Srinagar?
You will need to submit an application form, KYC documents, proof of income, bank statements, and the vehicle's registration certificate. The exact requirements may vary based on your loan profile.
What is the processing fee for a used car loan?
The processing fee can be up to 5%* of the sanctioned loan amount.
What is the down payment required for a used car loan in Srinagar?
We finance up to 85%* of the vehicle's assessed value, requiring you to arrange the remaining 15%* as a down payment.
Can I apply for a used car loan online in Srinagar?
Yes, you can conveniently apply for a used car loan online in Srinagar through the Shriram Finance website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Srinagar?
You can avail of financing for up to 85%* of the vehicle's value, 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.