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Used Car Loans in Surat
Surat's expanding trade and textile industry has caused an increasing demand for personal vehicles. With its fast-paced business environment and expanding city limits, having a car enhances mobility. However, purchasing a brand-new car can be expensive. A second-hand vehicle provides the same convenience at a lower cost. Used car loans in Surat make it easy to finance a pre-owned car without affecting your savings. Shriram Finance offers used car financing options starting from ₹1 lakh* with repayment tenures of up to 48 months. The loan process is simple, requiring minimal paperwork for faster approval. Whether for business, work, or personal travel, a used car is a practical choice. Apply online or visit a Shriram Finance branch to begin your journey today!
Used Car Loan Types in Surat
To address different financing needs, Shriram Finance provides the following used car loan types in Surat. Select the loan type that aligns with your financial situation and repayment preferences.
Pre-Owned Car Loan
Loan Against Car (Car Refinancing)
Features and Benefits of Used Car Loans in Surat
Flexible Repayment Tenures
High Financing Percentage
Competitive Interest Rates
Regular Reminders
Customised Loan Solutions
Dedicated Customer Support
Easy Online Application
Car Refinancing Options
Used Car Loan Interest Rates in Surat
Shriram Finance provides used car loan interest rates in Surat starting at 10%* p.a. The structured rates help ensure smooth repayment. Refer to the table below for a breakdown of interest rates and 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 |
Plan your monthly repayments efficiently with our second-hand car loan EMI calculator.
How to Use the Used Car Loan EMI Calculator
Using our pre-owned car loan calculator is simple. Enter the loan amount and tenure to get an instant EMI estimate. This tool helps you understand repayment details, ensuring you select a financing option that aligns with your budget. It offers a detailed breakdown of costs, helping you plan better.
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 Surat
With Shriram Finance's car refinancing service, you can leverage your car's value to secure funds without selling it. We offer competitive interest rates as well as flexible repayment plans to make borrowing hassle-free. This option is available for cars that are not under an active loan, giving you more financial freedom.
Eligibility and Documentation Criteria for Used Car Loans in Surat
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 Surat
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 Surat
Shriram Finance provides used car loan services in Surat, ensuring easy access to financial support. Locate the nearest branch using our branch locator tool for in-person assistance.
Locate Us
Used Car Loan Customer Care in Surat
For assistance with your pre-owned car loan, contact our customer care team via phone or visit a branch. Our representatives are available to guide you through the process. Check the table below for customer service contact details:
Used Car Loan Status in Surat
To track your loan application in Surat, log into your Shriram Finance account and visit the 'Loan Status' section. Enter your loan account or application number for updates. You can also contact customer support or visit a branch for real-time tracking. We ensure complete transparency throughout your loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Surat?
Yes, we provide used car loans in Surat with financing solutions tailored to help you purchase a pre-owned car with ease.
What are the eligibility criteria for a used car loan in Surat?
To be eligible, you must be an Indian resident aged 21* to 59* years at the time of loan maturity. The income requirement is assessed based on factors such as the car's age, model, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loans come with interest rates starting from 10%* p.a., but the final rate is determined based on various factors.
What documents are required for a used car loan in Surat?
You need to provide an application form, KYC documents, proof of income, bank statements, and the car's registration certificate. Document requirements may vary based on your loan profile.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the total loan amount may be applicable.
What is the down payment required for a used car loan in Surat?
We offer funding for up to 85%* of the car's value, meaning you must arrange the remaining 15%* as a down payment.
Can I apply for a used car loan online in Surat?
Yes, you can apply for a used car loan in Surat online via the Shriram Finance website or the Shriram One mobile application.
What is the maximum loan amount I can get for a used car in Surat?
You may receive a loan of up to 85%* of the car's value, with the 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.