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Used Car Loans in Vidisha
People of Vidisha frequently commute to adjacent localities for retail needs and accessing various services. Second-hand automobiles allow residents to complete these journeys with greater ease. Used car loans in Vidisha deliver practical solutions for daily travel requirements. Shriram Finance extends used car loans in Vidisha featuring interest rates beginning at 10%* p.a.. Our versatile repayment plans of up to 48 months help numerous households achieve vehicle ownership.
Used Car Loan Types in Vidisha
Vidisha residents can access tailored used car loan solutions from Shriram Finance, developed to fulfil diverse customer needs. Choose the loan type that most effectively addresses your requirements and financial position.
Loan Against Car (Car Refinancing)
Pre-Owned Car Loan
Features and Benefits of Used Car Loans in Vidisha
Regular Reminders:
Flexible Repayment Tenures:
High Financing Percentage:
Competitive Interest Rates:
Dedicated Customer Service:
Car Refinancing Options:
Customised Loan Solutions:
Easy Online Application:
Used Car Loan Interest Rates in Vidisha
Shriram Used Car Loan Interest Rates in Vidisha start from 10%* p.a., providing economic and competitive financing alternatives. Our interest rates are formulated to enable practical loan instalments, ensuring that purchasing a used automobile remains compatible with your financial limitations. Below is a detailed breakdown of the primary charges and fees linked to our Used Car Loan.
| 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 |
Optimise your financial strategy by accessing our second-hand car loan EMI calculator to assess your anticipated interest rate and monthly commitments prior to submitting your loan application.
How to Use the Used Car Loan EMI Calculator
Employ the straightforward pre-owned car loan calculator to outline your used vehicle financing plan. Enter your required loan amount and pick an appropriate repayment duration to receive a prompt calculation of your monthly EMI responsibility. This functional tool was created to enhance your loan preparation journey. It precisely illustrates how changes to loan figures and tenure choices impact your monthly payments, helping you identify the most beneficial financing structure that corresponds with 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 Vidisha
Shriram Finance offers a simple way to use your car's value to get money when you need it most. Our service lets you access quick cash without selling your car. We provide low interest rates and easy payment options that help you solve your money problems quickly. This refinancing plan works best for cars that don't have any current loans, giving you a smart financial solution for your personal or business needs.
Eligibility and Documentation Criteria for Used Car Loans in Vidisha
To check used car loan eligibility online, prospective borrowers need to fulfil these standards. Document prerequisites may differ based on individual profiles and financing requirements.
Eligibility Criteria:- Income: Specific requirements vary depending on the vehicle's make, age, and selected repayment period.
- Age: At least 21* years old, not surpassing 59* years at loan conclusion.
- Residency: Accessible to all Indian residents.
Required Documents:- To check used car loan eligibility online, paperwork is essential. The important documents comprise:
- Bank Statements: Recent banking records may be required.
- Vehicle Documents: Full registration certificate and current insurance papers for the pre-owned vehicle.
- KYC Documents: Authorised identity and address proof.
- Income Proof: Employment documentation for salaried applicants; tax filings for self-employed individuals.
Step-by-Step Application Process for Used Car Loans in Vidisha
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 Vidisha
Shriram Finance has extended its Used Car Loan services to Vidisha with a customer-friendly branch offering quick processing and minimal paperwork. Key locations include:
Locate Us
Used Car Loan Customer Care in Vidisha
Seeking Pre-owned Car Loan assistance? Shriram Finance offers comprehensive customer support through direct communication channels and accessible local branch networks.
Used Car Loan Status in Vidisha
Tracking your Used Car Loan Status is simple with Shriram Finance. Access our official website, enter your unique identifier in the status tracking section, or contact our support team for comprehensive loan progress information. You also have the option to call our customer service representatives or visit any branch in your area to obtain information about your loan application progress. We are committed to keeping you well-informed throughout all phases of the loan approval procedure.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Vidisha?
Shriram Finance provides specialised pre-owned vehicle financing solutions in Vidisha, delivering flexible and customer-centric loan options.
What are the eligibility criteria for a Used Car Loan in Vidisha?
Eligibility requires Indian citizenship, age range between 21* and 59* years at loan conclusion. Income prerequisites are evaluated based on vehicle specifications and repayment plan.
What is the interest rate on a Used Car Loan?
Interest rates begin at 10%* p.a., with personalised rates determined by comprehensive financial profile evaluation.
What documents are required for a Used Car Loan in Vidisha?
Required documentation includes a fully completed application, vehicle registration papers, identity verification, income documentation, and recent bank statements.
What is the processing fee for a Used Car Loan?
A processing charge of up to 5%* of the principal loan amount is levied for Used Car Loans.
What is the down payment required for a Used Car Loan in Vidisha?
Loan coverage reaches up to 85%* of the vehicle's determined value, necessitating a 15%* customer contribution.
Can I apply for a Used Car Loan online in Vidisha?
Convenient online application is accessible via Shriram Finance's website and Shriram One mobile application.
What is the maximum loan amount I can get for a used car in Vidisha?
Maximum financing covers up to 85%* of the vehicle's appraised value, with minimum loan amounts starting at ₹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.