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Used Car Loans in Thane
In Thane, as in Mumbai, owning a car can be a valuable asset for navigating the city and its surroundings. Shriram offers Used Car Loans in Thane, providing accessible and adaptable financing options for individuals looking to purchase pre-owned vehicles. These loans feature interest rates starting at 10%* p.a. and can finance up to 85%* of the vehicle's value, making car ownership a realistic goal. The application process is designed to be straightforward, with the option to complete it online for quick approval and a convenient experience. This guide will cover the features, benefits, and application steps for Used Car Loans, helping you make an informed decision about financing your next car.
Used Car Loan Types in Thane
Shriram Finance provides different types of Used Car Loan options to cater to diverse customer requirements. Choose the loan type that best fits your requirements and financial situation.
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Thane
High Financing Percentage
Competitive Interest Rates
Flexible Repayment Tenures
Regular Reminders
Dedicated Customer Service
Easy Online Application
Car Refinancing Options
Customised Loan Solutions
Used Car Loan Interest Rates in Thane
Shriram Used Car Loan Interest Rates in Thane start at 10%* p.a., offering competitive and affordable financing options. Our interest rate is designed to help you manage your loan repayments comfortably, ensuring that owning a pre-owned car remains within your budget.
| 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 an estimate of your potential interest rate and EMIs. This tool helps you plan your finances better before applying for a loan.
How to Use the Used Car Loan EMI Calculator
To use the pre-owned car loan calculator, simply select your desired loan amount and tenure. The calculator will instantly provide your monthly EMI helping you plan your finances effectively. It is a user-friendly tool to help you plan your loan. This calculator helps you understand how different loan amounts and tenures affect your monthly payments, allowing you to choose the most suitable option for your budget.
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 Thane
Shriram Finance offers car refinancing options in Thane, allowing you to leverage your vehicle's value for immediate funds without having to sell it. This service helps you to use your car's equity to access immediate funds which can be useful for various financial needs. Our refinancing solutions provide competitive interest rates and flexible repayment options so that you can effortlessly manage your finances while keeping your vehicle. This option is available if there are no existing loans on the vehicle, making it a practical financial solution for those needing additional funds.
Eligibility and Documentation Criteria for Used Car Loans in Thane
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: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
Required Documents- 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 Thane
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 Thane
Shriram Finance has branches in Thane to serve you better. Use our branch locator tool to find the nearest branch.
Locate Us
Used Car Loan Customer Care in Thane
Shriram Finance offers dedicated customer care services in Thane for Pre-owned car Loan queries. You can call us or visit any branch for personalised support.
Used Car Loan Status in Thane
To check your Used Car Loan Status in Thane, simply log in to your account on the Shriram Finance website, navigate to the 'Loan Status' section and finally enter your application number or loan account number. You can also call our customer care number or visit a branch to inquire about your loan status. We strive to keep you updated throughout the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Thane?
Yes, you can get a Used Car Loan in Thane from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Thane?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on 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 starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Thane?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Thane?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Thane?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Thane?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a 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.