Apply For a Pre-Owned Car Loan with High Loan Amount!
Bangalore, the bustling IT hub of India, offers a fast-paced lifestyle that often demands personal transportation. While purchasing a new car may seem financially daunting, a Pre-Owned Car Loan in Bangalore is an excellent solution to fulfilling your dreams of car ownership.
When it comes to applying for a used car loan, Poonawalla Fincorp is your trusted partner. Our seamless online application process allows you to apply from the comfort of your home. With minimal documentation requirements and a quick approval system, securing a loan for a second-hand car has never been easier. Whether you're eyeing a sedan, SUV, or hatchback, our loan offerings cater to a wide range of car models and budgets. Enjoy the convenience of flexible repayment options and competitive interest rates tailored to your financial needs.
Pre-Owned Car Loan: EMI Calculator
-
EMI Amount = *
Pre-Owned Car Loan Interest Rates
We offer competitive interest rates on used car loans, ensuring that you enjoy a cost-effective financing solution. For more information, please review the following details:
| 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 | |
Features and Benefits of Pre-Owned Car Loan
-
Loan up to 100% of Car Value
-
No Hidden Charges
-
Attractive Interest Rates
Loan up to 100% of Car Value
We understand the importance of owning the car you desire. With our second-hand car loan, you can avail up to 100% of the car's value in funding.
No Hidden Charges
We prioritize complete transparency in our loan offerings. You can trust that there are no hidden charges involved. We ensure that you have a clear understanding of the loan terms and associated costs.
Attractive Interest Rates
We strive to provide you with the best financial solutions, which is why we offer one of the best interest rates on used car loans in the market.
Purposes of Pre-Owned Car Loans
- Lifestyle Enhancement: Owning a pre-owned car can enhance one's lifestyle by providing convenience, comfort, and mobility. It allows individuals and families to enjoy road trips, travel to distant places, and experience a greater sense of freedom in their day-to-day lives.
- Access To Better Features: Used car loans can enable individuals to access pre-owned vehicles with better features or upgrades that may have been unaffordable otherwise. It allows borrowers to choose a used car that meets their preferences and offers advanced technologies or enhanced comfort.
- Business or Commercial Use: Getting a loan for buying a used car can also serve the purpose of acquiring vehicles for business or commercial use. Entrepreneurs, self-employed individuals, or companies may require pre-owned vehicles for their operations, such as delivery services or transportation businesses.
Apply for Pre-Owned Car Loan online in 4 Easy Steps
Apply
Online
Apply Online
Click on ‘Apply Now’ and provide your contact details and loan details
Personal
Details
Personal Details
Enter your DOB, Qualification and other necessary details
Employment & Car
Details
Employment & Car Details
Enter your employment details, car details (if car is finalized) and submit the form
Verification
Verification
Application will then proceed for verification and assessment
How to Apply for a Pre-Owned Car Loan?
Follow these steps to get a used car loan:
- Visit our official website and assess your loan eligibility.
- Select the loan option and click on 'Apply Now.'
- Complete the application form with accurate details.
- Submit the required documents.
Once the application is submitted, our team will review it and will disburse the loan amount upon successful verification. In case you prefer an in-person interaction, you are welcome to visit our branch in Bangalore at the address provided below.
Poonawalla Fincorp Branch Address in Bangalore
Poonawalla Fincorp Limited
Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025
Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*Terms & Conditions Apply
