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Used Car Loans in Sundarnagar
Sundarnagar's expanding infrastructure and improving road connectivity have made personal transport increasingly important. Buying a pre-owned car is a budget-friendly way to own a vehicle without the expense of a new one. Used car loans in Sundarnagar provide financial assistance, ensuring a smooth and convenient borrowing experience. Shriram Finance offers loan solutions with competitive interest rates and simple repayment terms, making it easier to purchase a second-hand car. Whether you are buying your first vehicle or upgrading, our financing options cater to your needs. Apply today and take the next step towards car ownership.
Used Car Loan Types in Sundarnagar
Shriram Finance provides various used car loan types in Sundarnagar to match diverse financial needs. Select the loan type that aligns best with your financial goals.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Sundarnagar
Flexible Repayment Tenures
High Financing Percentage
Regular Reminders
Competitive Interest Rates
Car Refinancing Options
Dedicated Customer Service
Customised Loan Solutions
Easy Online Application
Used Car Loan Interest Rates in Sundarnagar
With interest rates starting at 10%* p.a., Shriram Finance ensures that buying a pre-owned car remains cost-effective. A well-structured repayment plan minimises financial strain, making vehicle ownership easy. The table below provides an overview of the associated charges:
| 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 estimate your monthly payments before applying.
How to Use the Used Car Loan EMI Calculator
Simply enter your preferred loan amount and tenure to calculate your estimated monthly instalment. This tool helps you compare repayment plans to find the most suitable option.
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 Sundarnagar
You can access additional funds through car refinancing with Shriram Finance. This facility allows you to retain ownership of your vehicle while securing funds at competitive interest rates. Note that this option is available provided the car is free from any outstanding loans.
Eligibility and Documentation Criteria for Used Car Loans in Sundarnagar
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 Sundarnagar
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 Sundarnagar
Shriram Finance runs its operations in Sundarnagar to provide assistance for your used car loan needs. You can use our branch locator tool to find the closet branch.
Locate Us
Used Car Loan Customer Care in Sundarnagar
Our customer care team in Sundarnagar is available to guide you through the used car loan process. Reach out via phone or visit a branch for personalised assistance.
Used Car Loan Status in Sundarnagar
Easily track your used car loan status in Sundarnagar through the Shriram Finance website by entering your loan or application number under the 'Loan Status' section. Alternatively, visit a branch or call our support team for updates. Finance your second-hand car effortlessly in Sundarnagar with Shriram Finance.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Sundarnagar?
Yes, Shriram Finance offers used car loans in Sundarnagar with flexible and convenient financing options that cater to various budget requirements for pre-owned vehicles.
What are the eligibility criteria for a used car loan in Sundarnagar?
To qualify for a used car loan, you must be an Indian resident between 21* and 59* years of age at the time of loan maturity. The income requirement varies based on the car's model, age, and repayment period.
What is the interest rate on a used car loan?
Our used car loan interest rates start from 10%* p.a., with the final rate determined by individual eligibility factors.
What documents are required for a used car loan in Sundarnagar?
Required documents include an application form, KYC papers, bank statements, proof of income, and the vehicle registration certificate. The exact paperwork may differ based on your 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 Sundarnagar?
You are expected to provide a down payment of 15%*, as our financing covers up to 85%* of the vehicle's value.
Can I apply for a used car loan online in Sundarnagar?
Yes, you can apply online for a used car loan in Sundarnagar with Shriram Finance. Visit the official website or the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Sundarnagar?
You may avail a loan of up to 85%* of the vehicle's value, with a minimum loan amount of 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.