Used Car Loan for SUVs
A Pre-Owned Car Loan from Poonawalla Fincorp offers a cost-effective solution to get funds for buying a pre-owned SUV of your choice. The loan comes with various benefits, including competitive interest rates, flexible repayment tenure ranging from 12 to 72 months, a quick and hassle-free loan application process and minimal documentation.
EMI Calculator for Used Car Loan for SUV
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EMI Amount = *
Interest Rate for Pre-Owned SUV Car loan
| Pre-Owned Car Loan Interest Rates | 11% p.a onwards |
| Loan Amount | ₹1 Lakh - ₹75 Lakhs |
| Loan Processing Fees | Up to 1% plus applicable taxes |
| Lowest EMI per month | Starting from ₹1903* per Lakh for 72 months |
| Loan Tenure | 12 - 72 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources. 4% of the outstanding loan amount plus taxes if paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility For Used SUV Car Loan
Check the eligibility criteria below for more details:
| Description | Salaried Individuals | Self-Employed Individuals | Firm / Company |
| Age | You must be aged between 24 and 60 years at the time of submitting the loan application. | You must be aged between 24 and 60 years at the time of submitting the loan application. | Proprietor / Partners / Directors / Trustee, should be aged at least 24 years at the time of application. |
| Experience/ Vintage | Salary up ₹10 Lakh with stability in current employment of three months and a total employment of at least 12 months. | Income up to ₹10 Lakh with business stability of 24 months. | Applicant must be in the same business for at least 2 years. |
| ₹10 Lakh- ₹75 Lakh with stability in current employment of six month and a total employment of at least 24 months. | Income ranging from ₹10 Lakh to ₹75 Lakh with business stability of 60 months. | ||
Documents Required for Used SUV Car Loan
To get a used SUV car loan from Poonawalla Fincorp, you must submit following documents:
| Type of Documents | Documents |
| Identity Proof | PAN Card, Aadhaar Card, Voter ID, Driving Licence, Passport |
| Address Proof | Passport, Driving Licence, Voter ID, Electricity Bill of residential/business premises. |
| Income Proof | Latest Payslip, ITR (Income Tax Returns), GST Returns, etc. |
| Car Documents | RC (registration certificate) and insurance copy (if you have chosen the car) |
| Bank Account Statement | Salary account statements and other financial statements. |
Advantages of Pre-owned Car loan for SUV
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High Loan Amount
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Flexible loan tenure
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Competitive interest rates
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Online application
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Minimal documentation
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Quick loan processing and approval
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100% Transparency with no hidden charges
High Loan Amount
At Poonawalla Fincorp, we give you used car loan for SUV to cover 100% of the car value, allowing you to purchase your dream SUV car.
Flexible loan tenure
The flexibility to choose the repayment tenure, ranging from 12 to 72 months, allows you to repay the loan without any hassles.
Competitive interest rates
The competitive interest rates, starting from 11% per annum reduces the overall repayment burden.
Online application
The simple online application and approval process make it easy for you to get the desired funds with just a click of a few buttons.
Minimal documentation
At Poonawalla Fincorp, we require only a few basic documents for Used SUV Car Loans, relieving you of the complex paperwork.
Quick loan processing and approval
Our online application process ensure that you get quick approval and get the desired amount.
100% Transparency with no hidden charges
We ensure there is complete transparency throughout the application and disbursal process. All the charges are clearly mentioned for your perusal and there are no hidden charges involved.
How to Apply for Used SUV Car Loan?
To apply for a Pre-Owned SUV Car Loan, follow the instructions mentioned below:
- Step 1: Go to the official website of Poonawalla Fincorp & visit the ‘Pre-Owned Car Loan’ page.
- Step 2: Click on “Apply Now” button and fill in the application form.
- Step 3: Upload the required documents.
- Step 4: Wait for verification and approval.
- Step 5: Get disbursement; the amount is credited to your bank account.
Apply for Instant Used Car Loan for SUV within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and provide your contact details and loan details
Personal
Details
Personal Details
Enter your DOB, Qualification and other necessary details
Employment & Car
Details
Employment & Car Details
Enter your employment details, car details (if car is finalized) and submit the form
Verification
Verification
Application will then proceed for verification and assessment
Frequently Asked Questions About Used SUV Car Loan
Yes, you can get a Used Car Loan from Poonawalla Fincorp at competitive interest rate and get quick disbursal.
You can get a used car loan at competitive interest rate from Poonawalla Fincorp. The online application and disbursal process allows you get the loan quickly.
Yes, NBFCs like Poonawalla Fincorp provides high loan amount up to 100 percent of the car’s price. But, the maximum loan amount is Rs. 75 Lakhs.
You can get a used car loan to buy an SUV from Poonawalla Fincorp by following the below-mentioned process:
- Step 1: Go to the official website of Poonawalla Fincorp & visit the ‘Pre-Owned Car Loan’ page.
- Step 2: Click on “Apply Now” button and fill in the application form.
- Step 3: Upload the required documents.
- Step 4: Wait for verification and approval.
- Step 5: Get disbursement; the amount is credited to your bank account.
*Terms & Conditions Apply
