Pre Owned Car Loan FAQs (Frequently Asked Questions)

Frequently Asked Questions on Pre Owned Car Loan

Find out answers for your general queries

What is a Pre-Owned Car Loan?

Car ownership today is just not about owning a mode of transport; it is a matter of convenience, safety, freedom, and luxury. A pre-owned car loan from Poonawalla Fincorp helps you get a step closer to owning your dream car.

Pre owned cars are cars which have been used earlier, these used cars can be a great value maximiser. We offer you maximum finance on a wide range of pre-owned cars, be it re-purchase or re-finance. Moreover, you can avail loans against finance free-vehicles, where your asset can get you funds to cater to your financial needs.

How to get Pre-Owned Car Loan?

a. You can avail for our Pre-owned Car Loan through a hassle-free online application process:

Click on Apply Now and fill your basic details in the application form.
Submit your KYC and Income documents to check your loan eligibility.
Your application is then processed and documents are verified.
On approval, you get a quick update.
Your Pre-Owned Car Loan is instantly disbursed. Get ready to drive!

b. You can also contact us on our Toll-Free Number 1800-266-3201 and our representative will be happy to assist you.

c. Or you can visit our nearest branch to apply for a pre-owned car loan.

What are the documents required for Pre-Owned Car Loan?

To ensure that you get a Pre-Owned Car Loan in less time, we have a simple and minimum documentation process. Know the complete list of documents requirement for salaried individuals, self-employed individuals and firm/company.

Is Poonawalla Fincorp Pre-Owned Car Loan available in my city? We should give the branch locator

At present, our Pre-Owned Car Loan offering is available at following locations:

Pune
Mumbai
Bangalore
Hyderabad
Delhi
Chennai
Indore
Surat
Ahmedabad
Other Cities

You can locate your nearest branch or get in touch with us today

How can I approach Poonawalla Fincorp for Loan?

You can avail a loan from Poonawalla Fincorp conveniently through any of the 3 ways:

Quick, simple and easy online application form.
Connect with our representative on our Toll-Free Number 1800-266-3201
Visit us at one of our branches nearest to you. Locate now

What are the main Pre-Owned Car Loan Benefits?

Now commute safer in your own car by opting for the best loans for used cars from Poonawalla Fincorp. With our Pre-Owned Car Loan, you get to drive through with a hassle-free process, unmatched benefits and services.

Higher loan tenure at affordable interest rates.
Quick approvals with minimal documentation.
No hidden charges.
Avail loan against finance free-vehicles.

What are Poonawalla Fincorp Pre-Owned Car Loan interest rates?

At Poonawalla Fincorp, the interest rates for Pre-Owned Car Loan are affordable so you save money and pay EMIs comfortably.

What is the maximum financing available on second hand car loan?

Yes, you can avail up to 90% finance option based on your eligibility and the car model.

What is the time taken for Loan approval?

Our simple and fast loan approval and disbursement process ensures that you get to drive your dream car in quick time.

What are my tenure options?

You can choose convenient repayment tenure of up to 60 months.

What is the maximum loan I can borrow?

Poonawalla Fincorp offers you a maximum loan of up to 30 Lakhs, on a wide range of used cars.

How do I check my Pre-Owned Car Loan EMI?

Use our Pre-Owned Car Loan EMI calculator to know your EMI before applying for the loan. All you need to enter is:

Poonawalla Fincorp Pre-Owned Car Loan
Repayment Tenure
Interest rate

What are the eligibility criteria to avail of Pre-Owned Car loan?

Our eligibility criteria for Pre-Owned Car Loan are simple. To know in detail, check the eligibility listed for salaried individuals, self-employed individuals and firm/company.

Are there any minimum income criteria to apply for a Used Car Loan?

Yes, the minimum monthly income criteria for the different applicant types are: