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Used Car Loans in Udhampur
Owning a car in Udhampur can make daily commutes and long-distance travel more convenient. However, the cost of a new vehicle may not always fit your budget. Used car loans provide a practical solution, allowing you to buy a reliable pre-owned vehicle with affordable financing. Shriram Finance offers tailored loan options to help you own a car without financial strain. With used car loans in Udhampur, you can get up to 85%* of the car's value as a loan, reducing the upfront cost. Shriram Finance ensures a hassle-free loan process with minimal paperwork and quick approvals. Our customer-friendly services and flexible repayment options make us a trusted choice for used car financing. If you are looking to buy a pre-owned car, our loan solutions can help you make the purchase without financial stress.
Used Car Loan Types in Udhampur
Shriram Finance provides a range of used car loan types in Udhampur designed to meet various customer needs. Choose the loan type that aligns with your financial situation and requirements.
Pre-owned car loan:
Loan against car (Car refinancing):
Features and Benefits of Used Car Loans in Udhampur
Competitive interest rates:
Flexible repayment tenures:
High financing percentage:
Regular reminders:
Easy online application:
Car refinancing options:
Customised loan solutions:
Dedicated customer service:
Used Car Loan Interest Rates in Udhampur
Shriram Finance provides used car loans in Udhampur with appealing interest rates starting at 10%* p.a., making vehicle ownership more accessible. Additionally, we offer flexible repayment plans to simplify the process of purchasing a pre-owned car. Details about our fees and charges are outlined below:
| 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 |
Looking to quickly estimate your monthly payments for a second-hand car loan? Our second-hand car loan EMI calculator provides a clear projection, helping you plan your finances more efficiently before applying.
How to Use the Used Car Loan EMI Calculator
To calculate your monthly payments for a used car loan, simply enter the loan amount and your preferred repayment tenure. The pre-owned car loan calculator will instantly display your estimated monthly payment. You can also adjust the loan amount and repayment period to explore different options and choose what suits you best.
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 Udhampur
Shriram Finance provides car refinancing solutions in Udhampur. W help you borrow funds based on your car's value without needing to sell it. This service comes with competitive interest rates and flexible repayment options. To be eligible for this facility, ensure your car is not under any existing loan.
Eligibility and Documentation Criteria for Used Car Loans in Udhampur
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:- 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 Udhampur
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 Udhampur
Shriram Finance is available in Udhampur to cater to your used car financing needs. To locate the nearest branch, use our online branch locator tool.
Locate Us
Used Car Loan Customer Care in Udhampur
Have questions about a used car loan? Shriram Finance has a dedicated customer care team available. You can get in touch with us by phone or visit one of our branches.
Used Car Loan Status in Udhampur
Want to know the status of your used car loan in Udhampur? Simply go to the 'Loan Status' area on the Shriram Finance website and enter your application or loan account number. You can also get updates by contacting our customer care team or visiting a branch. We'll keep you informed throughout the entire loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a used car loan in Udhampur?
Yes, Shriram Finance provides used car loans in Udhampur with accessible and flexible financing options for purchasing pre-owned cars.
What are the eligibility criteria for a used car loan in Udhampur?
To be eligible for a used car loan in Udhampur, you must be an Indian resident aged between 21* years and 59* years at loan maturity. Income requirements depend on factors like the vehicle model, age, and repayment tenure.
What is the interest rate on a used car loan?
Our used car loan interest rates begin at 10%* p.a.. However, the final rate may vary based on individual eligibility and loan terms.
What documents are required for a used car loan in Udhampur?
You need to submit an application form, vehicle registration certificate, KYC documents, income proof, and bank statements. The required documents may vary depending on your profile and loan amount.
What is the processing fee for a used car loan?
A processing fee of up to 5%* of the loan amount applies on a used car loan from Shriram Finance.
What is the down payment required for a used car loan in Udhampur?
You can generally get financing for up to 85%* of the car's value, meaning you'd typically need to put down at least 15%* as down payment.
Can I apply for a used car loan online in Udhampur?
Yes, you can apply for a used car loan in Udhampur online through the Shriram Finance website or via the Shriram One mobile app.
What is the maximum loan amount I can get for a used car in Udhampur?
The used car loan amount can go up to 85%* of the car's assessed value, with a minimum loan amount of ₹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.