loan for used electric cars

Used Car Loan for SUVs

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

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.

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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 Interest 2% per month
Repayment Instrument Dishonour Charges ₹500 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 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.

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.
  • Easy To Apply Logo

    High Loan Amount

  • High Loan Amount Logo

    Flexible loan tenure

  • High Loan Amount Logo

    Competitive interest rates

  • High Loan Amount Logo

    Online application

  • Competitive Interest Rate Logo

    Minimal documentation

  • High Loan Amount Logo

    Quick loan processing and approval

  • High Loan Amount Logo

    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.

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.
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Click on ‘Apply Now’ and provide your contact details and loan details

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Personal
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Personal Details

Enter your DOB, Qualification and other necessary details

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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 Used Car Loan from Poonawalla Fincorp at competitive interest rate and get quick disbursal.

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

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.

Do lenders provide high loan amount to buy a car?

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.

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

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

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