At Shriram Finance in Totu, we understand that purchasing a new or used car is one of the most important life decisions you’ll ever make. That’s why we offer low-interest rates and minimal charges in Totu to help you purchase your vehicle without financial burden. Here are our Used Car Loan interest rates and charges in Totu:
Eligibility for a Pre-Owned Car Loan from Shriram Finance in Totu depends on the individual and the vehicle. The essential eligibility criteria in Totu are as below:
To get a used car loan at the Shriram Finance Totu branch, you must be an Indian resident aged 18 years or above with a stable income. Both salaried and self-employed applicants can apply at the Totu.
To apply at the Shriram Finance Totu branch, you need Aadhaar & PAN (mandatory), Address Proof, Income Proof, bank statements, photographs, and used car RC details. The Totu may request additional documents if needed.
The interest rate for used car loans at the Shriram Finance Totu branch generally starts from 10% p.a.* The final rate depends on car condition, loan amount, and applicant profile.
At the Shriram Finance Totu branch, used car loan approvals are quick. After document verification and car evaluation, loans are typically approved within 24–48 hours.
The maximum loan amount at the Shriram Finance Totu branch depends on car valuation, income, and eligibility. High loan-to-value options may be available.
The Shriram Finance Totu branch offers repayment tenures ranging from 12 to 60 months, allowing you to choose the most suitable EMI structure.
Yes, in most cases a down payment is required at the Shriram Finance Totu branch. The amount depends on car valuation and loan eligibility.
Yes, you can start your application online and complete verification and disbursement through the Shriram Finance Totu branch.
Yes, the Shriram Finance Totu branch will conduct a vehicle inspection to check the car’s condition, age, RC details, and valuation before loan approval.
Yes, you may still be eligible at the Shriram Finance Totu branch. Approval will depend on your income, bank statements, and overall financial stability.
Yes, a processing fee is applicable at the Shriram Finance Totu branch. The exact fee will be shared during the application process.
Yes, you can pre-close your loan anytime. Visit the Shriram Finance Totu branch to know applicable pre-closure charges, if any.
Yes, the Shriram Finance Totu branch allows part-payment options, which may reduce your outstanding principal and future EMIs.
Missing an EMI from the Shriram Finance Totu branch may lead to late charges and may impact your credit record. Contact the Totu if you need repayment assistance.
Yes, the Shriram Finance Totu branch finances used cars bought from individuals, dealers, and marketplaces, subject to verification.
Yes, you can track your used car loan status via the Shriram One app, website, or by contacting the Shriram Finance Totu branch.
You can visit the Shriram Finance Totu branch at 1st Floor, Thakur Building, Tawi Chowk Totu Shimla-171011 or call our 18004107711 number. You may also raise loan requests via the Shriram One app.
