Major Advantages of Our Used Car Loan
The experience of buying a car is one that you’re sure to remember for years to come. Achieving this goal is a complex endeavour, but with a used car loan, we can assure you of a memorable experience. Our loan is designed to cater to your needs with features that complement every stage of the process. You can apply online in just a few minutes, get instant approval, and enjoy hassle-free disbursement.
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High Loan Amount Find the car model of your dreams and make the purchase a reality with a second-hand car loan. Get up to ₹75 Lakh as a sanction and move a step closer to owning a pre-owned car of your choice. |
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Loan up to 100% of car value We ensure that you get the car you want without any compromises. With our offering, you can avail up to 100% of the car’s value in funding to achieve your goal of buying a car. |
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Attractive Interest Rates Keep costs in check and get pocket-friendly repayment terms thanks to our low-interest rates. With one of the most competitive rates in the market, you get to enjoy an affordable purchase. |
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Minimal Documentation With a used car loan, you must submit only basic documentation to apply successfully. |
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Flexible Repayment Option Stay within your budget throughout the tenure by opting for a repayment timeline that ranges up to 72 months. With 6 years to repay the loan, EMIs are something you don’t have to worry about. |
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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. |
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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 throughout. All loan terms and conditions are clearly listed in our loan documents. |
Pre-Owned Car Loan for Various Car Types
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 used car loan to buy any of the following car types:
- Hatchbacks
- Sedans
- SUVs
- Premium Cars
How To Apply for A Second-hand Car Loan?
You can apply for a second-hand car loan by following these three simple steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Frequently Asked Questions about Advantages of Used Car Loan
Yes, some of the top advantages include lower insurance costs, easier loan processing, minimal documentation, no hidden charges.
No, you aren’t required to pledge any assets to avail of a second-hand car loan.
To ensure you enjoy a pocket-friendly experience when buying a pre-owned vehicle, we offer a flexible tenure of up to 72 months or 6 years.
LTV stands for Loan-To-Value ratio and is the percentage of the car’s value you can get as a loan. One of the benefits of a used car loan from Poonawalla Fincorp is that you get up to 100% of the car’s value as a loan.
Besides the high LTV ratio, Poonawalla Fincorp ensures easy access to funds. We have easy-to-meet criteria, minimal requirements for paperwork, and online loan application provisions. We also offer instant approval and disbursement.
*Terms & Conditions Apply
