feature and benefits of pre-owned car loan

Pre-Owned Car Loan Feel the pride of owning a car

Loan up to 30 Lakhs | Attractive Interest Rate | Zero Foreclosure Charges

Pre-Owned Car Loan: Features & Benefits

The experience of buying a car is one that you’re sure to remember for years to come. Achieving this goal is no easy task, but with the Poonawalla Fincorp Pre-Owned Car Loan, we can assure a memorable experience. Our loan is designed to cater to your needswith features that complement every stage of the process. You can qualify with ease, apply online in just a few minutes, get instant approval, and enjoy hassle-free disbursement.

Loan Amount Logo Higher loan amount
Find the car model of your dreams, and make the purchase a reality with a Poonawalla Fincorp Pre-Owned Car Loan. Get up to Rs.30 lakh as a sanction, and get a pre-owned car of your choice.
Car Loan Logo Up to 90% car loans*
We ensure that you get the car you want, without any compromises. With our offering, you can avail up to 90% of the car’s value in funding, so you achieve your goal of buying a car stress-free.
Interest Rate Logo Competitive interest rates
Keep costs in check and get pocket-friendly repayment terms thanks to our competitive interest rates. With one of the lowest rates in the market, you get to enjoy an affordable purchase.
Document Logo Minimal documentation.
Gone are days of unending stacks of documentation. With the Poonawalla Fincorp Pre-Owned Car Loan, you need only submit basic documentation to successfully apply and receive approval on your application.
Loan Repayment Logo Flexible repayment option
Stay within your budget all throughout the tenure by opting for a repayment timeline that ranges up to 60 months. With 5 years to repay the loan, EMIs are something you don’t have to worry about.
Doorstep Service Logo End-to-end doorstep services
Enjoy personalised service from our trained professionals every step of the way. Right from step one, you get a dedicated relationship manager to assist and simplify every process.
Easy Process Logo Easy and hassle-free process
Getting funding for the car of your choice is now just a few clicks away. Thanks to our online loan applications and processing, you enjoy a completely hassle-free experience, tailored for speed and comfort.
No Hidden Charges Logo No Hidden Charges
We strive to maintain the highest level of integrity with all our valuable customers. As such, we maintain 100% transparency in all loan dealings, and you can be assured of no hidden charges all throughout. All loan terms and conditions are clearly listed in our loan documents.

Owing to the many different types of cars available, we want to ensure that you have the option to get the one you want, without a trade-off. As such, you can avail our pre-owned car loan to buy any of the following car types:

  • Hatchbacks
  • Sedans
  • SUVs
  • Premium Cars

Step 1: Click on the ‘Apply Now’ button on our website.
Step 2: Enter basic KYC details and upload the required documents.
Step 3: Await application assessment and verification.
Step 4: Receive confirmation on approval.
Step 5: Approve the pre-owned car loan offer and authorise disbursal.

Are there any advantages of a used car loan?

Yes. Some of the top advantages include simpler loan requirements, lower insurance costs, and easier loan processing.

Do I need to pledge assets to get a pre-owned car loan?

No. You aren’t required to pledge any assets whatsoever to avail a Poonawalla Fincorp Pre-Owned Car Loan. Only the car needs to be hypothecated.

What are the tenure options offered by Poonawalla Fincorp?

To ensure that you enjoy a pocket-friendly experience when buying a pre-owned vehicle, we offer a flexible tenure that ranges up to 60 months or 5 years.

What is the LTV ratio and how much can I get with Poonawalla Fincorp?

LTV stands for loan-to-value ratio, and is the percentage of the car’s value that you can get as a loan. One of the benefits of a pre-owned car loan from Poonawalla Fincorp is that you get up to 90% of the car’s value as a loan. In some cases, we may finance 100% of the value too!

What are the unique features & benefits of a used car loan by Poonawalla Fincorp?

Besides the high LTV ratio, Poonawalla Fincorp ensures easy access to funds. We have easy-to-meet criteria, minimal requirements for paperwork, online loan application provisions, and offer instant approval and disbursement.

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6 important questions to ask before buying a pre-owned car.

Owning a car in today’s time is much more than a convenience for a commute. It is a matter of safety, freedom to innumerable memories and a proud valuable asset.

Car Loans
What should you look for in a car loan?

Buying a car involves a significant amount of investment! Before finalising a car you should do a thorough research of various car models, their features and mileage, and finally the mode of finance. Most people prefer a car loan rather than dipping into your savings, whether it is for a brand new or used car.

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