loan for used electric cars

Loan for Used SUV Cars

Easy and Hassle-Free Process | No Hidden Charges | Favorable Interest Rates

A Pre-Owned Car Loan from Poonawalla Fincorp steps offers a cost-effective solution for those in search of a pre-owned SUV or any other car model. The loan benefits you by enabling you to avail of the car at competitive interest rates, with a flexible repayment tenure of up to 72 months, and a quick and hassle-free loan application process with minimal requirement for paperwork.

Pre-Owned Car Loan Interest Rates 11% p.a. onwards
Loan Amount ₹1 Lakh - ₹75 Lakh
Loan Processing Fees 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. 5% of the outstanding loan amount plus taxes if paid from other sources
Late Payment Charges 3% per month
Cheque Bounce Charges ₹1000 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Check the eligibility criteria below for more details:

Description Salaried Individuals Self-Employed Individuals Firm / Company
Age During the loan application, the candidate’s age must range between 24 to 60 years. During the loan application, the candidate’s age must range between 24 to 60 years. Proprietor / Partners / Directors / Trustee, Should have a minimum age of 24 years at the time of application.
Experience/ Vintage Up to ₹10 Lakh with current employment stability must be 3 months and total employment stability 12 months. Up to ₹10 Lakh with 24 months in existing business. Applicant must be in the same business for at least 2 years.
₹10 Lakh- ₹75 Lakh with current employment stability of 6 months and total employment stability of 24 months. ₹10 Lakh- ₹75 Lakh With 60 months in existing business.

Following are the required documents that you must submit for a Pre-Owned Car Loan from Poonawalla Fincorp:

Type of Documents Documents
Identity Documents This includes PAN Card, Aadhar Card, passport, voter ID, driving license, etc., that also serve as KYC documents.
Address Proof This may contain passport, driving license, voter ID, electricity bills for owned premises, etc.
Income Documents This includes latest salary slip, GST return, Income Tax Return, etc., among other documents.
Bank Account Statement It consists of salary account statements and other financial statements.
Car Documents You have to provide RC and Insurance if the car is already finalized.

By choosing a Poonawalla Fincorp’s Pre-Owned Car Loan, you benefit that tap into the following:

  • Easy To Apply Logo

    High Loan Amount

  • High Loan Amount Logo

    Claim Tax Benefits

  • Competitive Interest Rate Logo

    Lower Initial Cost

High Loan Amount

You can avail of funds up to 100 percent of the car value, this increases your affordability to get your SUV or any dream car model.

Claim Tax Benefits

Taking a used car loan also results in reduced taxable income, meaning you owe less in taxes. This ultimately helps you save your money.

Lower Initial Cost

Purchasing a used car with a Pre-Owned car Loan typically costs less than buying a new one, making it an even more affordable option.

For a Pre-Owned Car Loan to get a used SUV, you need to 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: After the document submission, the loan application is processed for verification.
  • Step 5: After verifying the documents, we will disburse the loan amount directly to your bank account upon loan approval.
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Apply Online

Click on Apply Now and provide your contact details and loan details

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Personal Details

Enter your DOB, Qualification and other necessary details

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& Car

Employment & Car Details

Enter your employment details, car details (if car is finalized) and submit the form

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Application will then proceed for verification and assessment

Can I get a used car loan easily?

Yes, you can get a Pre-Owned Car Loan from Poonawalla Fincorp with an easy and hassle-free loan application process with quick disbursement of loan amount.

From where can I get a used car loan at low interest rates?

Poonawalla Fincorp provides Pre-Owned Car Loan at favorable interest rates. You can apply now online to enjoy all the advantages of our used car loan.

Do lenders provide high loan amount to buy a car?

Yes, Poonawalla Fincorp provides loan amounts up to 100 percent of the car’s price. The maximum loan amount is Rs. 75 Lakhs.

How can I get a used car loan to buy SUV?

You can get a used car loan by applying from Poonawalla Fincorp.

*Terms & Conditions Apply

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