Pre-Owned Car Loan Eligibility & Documentation
Things to consider before applying for a loan
Owning your car with Poonawalla Fincorp Pre-Owned Car Loan is as easy as it gets. Our easy eligibility criteria, minimal documentation and simple application process ensure that you get a pre-owned car loan in no time!
Know the Pre-Owned Car Loan Eligibility Criteria
| Salaried Individuals | Self-Employed Individuals | Firm / Company | |
| Age | Applicant must be of minimum 21 years at the time of Loan application and should be maximum 60 years (Or retirement age, whichever is earlier, for Salaried)at loan maturity. | Applicant must be minimum 21 years of age at the time of loan application and should be maximum 60 years at loan maturity. | Minimum 21 years Proprietor / Partners / Directors / Trustee as applicable |
| Income | Have a minimum annual salary of ₹2.5 Lakhs | Gross Annual Income should be of Minimum ₹2.5 Lakhs | ITR of 7.5L |
| Experience / Vintage | 12 months in current employment with 24 months total employment stability. | Should have a minimum experience of 2 years in current business. | Should be in same business for minimum 2 years |
| Citizenship | Individuals with Indian Citizenship | Proprietor / Partners / Directors with Indian Citizenship | Proprietor / Partners / Directors/Trustees with Indian Citizenship |
Documents required for Pre-Owned Car Loan
| Salaried Individuals | Self-Employed Individuals | Firm / Company | |
| Identity Documents |
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| Address Proof |
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| Income Documents | Salary slip of the latest month |
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| Bank Account Statement | Salary credit bank account statement of the last 3 Months | Operative bank account statement for the last 6 months. | Last 6 months Bank statement |
| Car Documents | If already finalized the car (Includes RC & Insurance) | ||
*The above list is indicative and additional documents may be required during processing of your application
