Car Refinancing
Do you need immediate access to funds but want to avoid the hassle of selling your car? Shriram Finance Car Refinancing allows you to leverage the value of your car and gain access to funds, provided there are no current loan on the vehicle. This convenient option provides cash for unexpected expenses, home renovations, debt consolidation, or any other pressing needs.
It's important to note that refinancing requires you to pay off any existing loan on the car before a new loan is issued.
We offer competitive interest rates and flexible repayment plans, making it a responsible way to access funds and keep your car. Get a free quote today and see how this smart financial tool can empower you.
Car Refinancing Features & Benefits
Here are the features and benefits of loan against car:
Competitive Interest Rates
Avail interest rates as low as 10%* p.a., making it a cost-effective way to access funds.
Flexible Repayments
Choose the tenure that fits your budget and financial needs.
Get Up to 85%* Financing on Car’s Value
Get loan of up to 85%* of your car’s value, making it a cost-effective way to access funds.
Minimal Paperwork
Our car financing process comes with minimal paperwork, making it a hassle-free experience.
Quick Application Process
Experience quick and convenient online application process, making it easier to access funds faster.
Faster Approvals & Disbursals
Get the money you need quickly. Our approvals and disbursals are quick and convenient.
Car Refinancing Calculator
Use our simple online loan against car calculator to calculate your monthly payments.
Regular Reminders
Our automated reminders keep you informed and in control. Avoid late fees and build a strong credit score.
Car Refinancing EMI Calculator
Our simple and easy to use Car Refinancing EMI Calculator lets you determine your monthly payments quickly.
How to Apply for Car Refinancing Online
You can apply for Shriram Finance Car Refinancing in just 4 simple steps:
Eligibility & Documents Required for Car Refinancing
Securing a loan against your car can be a convenient way to access funds. This section details the eligibility criteria you'll need to meet, and the documents required to submit a successful loan application.
Salaried Individuals
Applicants must be Indian residents, aged 21 to 59 years old at loan maturity, with minimum income based on the car's model and age, and repayment term.
Self-Employed
Indian residents aged 21-59 can apply, with minimum income determined by car’s model and age, and repayment tenure.
Documents Required
Application form, Registration Certificate (RC) of the vehicle and Know Your Customer (KYC) Documents.
Car Refinancing Interest Rates & Charges
Unexpected expenses can arise at any point in our lives. At Shriram Finance, we understand that your car can be a valuable asset. That's why we offer car refinancing with competitive interest rates and minimal charges. Unlock the value of your car and get the funds you need quickly and easily. Here are the interest rates and charges for a loan against car:
See our interest rate policy for details on rates and fees : Interest Rate Policy
Interest and Charges
Interest Rates
Shriram Second-Hand Car Loan Interest Rate starts at 10%* p.a.
Loan
Get loans starting from ₹ 1 lakh
For interest rate and applicable Fees/charges, please refer our interest rate policy : Interest Rate Policy