Yes, you can continue to use to your car. However, the lender will have a lien on your car’s title until to you pay off the loan.

There must be no existing loan on the vehicle when applying for refinancing. Any existing loan on the vehicle must be fully paid off before applying for refinancing.

Loan amounts are typically limited by the car's value. Refinancing usually involves higher interest rates compared to other types of loans.

We provide up to 85%* financing of your car’s value. Additionally, our seamless process with minimum documentation provides an extraordinary lending experience to our customers.

To refinance your car, lenders typically look at your credit score, value and age of your car, income and employment stability, insurance coverage, residency and the loan amount you're seeking. Meeting all criteria improves your chances of approval for car refinancing.

Yes, but a better credit score can help you get lower interest rates. Your credit score affects whether you can refinance your car and how good the deal will be. A good CIBIL score increases your chances of availing car refinancing. You can check out your eligibility criteria, submit documentation and get quick approval.

Charges associated with a car refinancing from Shriram Finance include processing fees, prepayment charges, late payment charges and cheque bounce penalties (if applicable).

The interest rate on car refinancing can vary based on factors like your credit history and the loan tenure. Shriram Finance offers refinancing with interest rates starting from 10%* p.a.