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Used Car Loans in Thiruvananthapuram
Acquiring a pre-owned car in Thiruvananthapuram presents a practical pathway for individuals seeking affordable transportation solutions. Shriram Finance addresses this demand by providing Used Car Loans in Thiruvananthapuram, designed to facilitate vehicle ownership. These loans are structured with flexibility and competitive terms in mind, making financing accessible. Boasting attractive interest rates starting at 10%* p.a., coupled with financing options extending up to 85%* of the vehicle's value, the dream of owning a used car becomes attainable. The streamlined digital application ensures quick approval and a hassle-free journey.
Used Car Loan Types in Thiruvananthapuram
To cater to a wide range of customer preferences, Shriram Finance extends distinctive Used Car Loan offerings:
Financing for Pre-Owned Cars
Loan Against Your Car (Refinancing)
Features and Benefits of Used Car Loans in Thiruvananthapuram
Significant Financial Support
Handy Payment Alerts
Competitive Interest Structures
Flexible Repayment Schedules
Refinancing Possibilities
Responsive Customer Assistance
Simple Online Application Process
Personalised Loan Solutions
Used Car Loan Interest Rates in Thiruvananthapuram
Shriram Used Car Loan Interest Rates in Thiruvananthapuram begin at a competitive 10%* p.a., offering affordable and appealing financing avenues. Our rates are thoughtfully designed to facilitate manageable repayment schedules, ensuring that owning a pre-owned car fits well within your financial planning.
| 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 evaluate potential interest obligations and EMIs. This essential tool enables you to refine your budget before making a loan commitment.
How to Use the Used Car Loan EMI Calculator
To effectively navigate the pre-owned car loan calculator, input your desired loan amount and preferred repayment timeline. The calculator instantly computes your projected monthly EMI, enabling informed financial preparation. It's an intuitive utility that shows how variations in loan amounts and repayment terms affect monthly costs, guiding you towards the best option for your financial capacity.
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 Thiruvananthapuram
Shriram Finance provides appealing car refinancing options in Thiruvananthapuram, enabling you to leverage the built-in value of your vehicle for swift access to funds, without needing to sell it. This service transforms your car's equity into quick capital that could be vital for addressing diverse financial needs. Our refinancing plans are coupled with competitive interest structures and flexible repayment terms, simplifying your financial management while you retain ownership of your car. This is ideally suited for individuals owning their vehicles outright and requiring ready funds.
Eligibility and Documentation Criteria for Used Car Loans in Thiruvananthapuram
To assess your used car loan eligibility online, verify that you meet the key prerequisites. 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 Thiruvananthapuram
Applying for a Used Car Loan is streamlined; just follow these steps:
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 Thiruvananthapuram
Shriram Finance features a widespread network of branches throughout Thiruvananthapuram, all dedicated to delivering unmatched customer service. Prime locations include:
Locate Us
Used Car Loan Customer Care in Thiruvananthapuram
Within Thiruvananthapuram, Shriram Finance provides comprehensive customer care for any inquiries concerning Pre-owned car Loans. Get in touch via phone or come visit us for focused support. Our customer care experts stand ready to provide assistance and clarity on any matter.
Used Car Loan Status in Thiruvananthapuram
Checking your Used Car Loan Status in Thiruvananthapuram is uncomplicated. Simply log into your account on the Shriram Finance website, go to the 'Loan Status' area, and enter either your application ID or your loan account code. Alternatively, you may contact our customer service team or visit our local office to discuss your loan's progress. We're committed to keeping you well-informed at each phase.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Thiruvananthapuram?
Yes, you can get a Used Car Loan in Thiruvananthapuram from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Thiruvananthapuram?
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 Thiruvananthapuram?
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 Thiruvananthapuram?
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 Thiruvananthapuram?
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 Thiruvananthapuram?
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.