Apply for a Pre-Owned Car Loan Through an Easy & Smooth Process!
Chennai, a city known for its rich cultural heritage, stunning beaches, and thriving automotive market, effortlessly blends tradition and modernity. As a bustling metropolis, it experiences significant demand for pre-owned cars, reflecting a dynamic lifestyle and transportation needs.
Poonawalla Fincorp understands the dreams and aspirations of the city’s residents when it comes to owning a car. That's why we offer Pre-owned car loans specifically designed to help them fulfil their dreams of owning a car. With competitive interest rates, flexible repayment options, and personalised customer service, we are committed to helping them purchase the car of their dreams.
Pre-Owned Car Loan: EMI Calculator
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Pre-Owned Car Loan Interest Rates
Interest rates play a crucial role in determining the borrowing cost of a loan. When it comes to second-hand car loans offered by us, the interest rates and other details are listed below:
| 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
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Competitive Interest Rates
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Minimal Documentation
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High Loan Amount
Competitive Interest Rates
We provide competitive interest rates on second-hand car loans, making them affordable and helping you save on overall interest costs.
Minimal Documentation
We have streamlined the documentation process for used car loans. With minimal hassle and quick loan approval, you can expect a smoother and faster loan application process.
Higher Loan Amounts
Depending on your eligibility and the value of the pre-owned car, we offer higher loan amounts. This enables you to finance a substantial portion or even the entire cost of your desired vehicle.
We Offer Pre-Owned Car Loan for
- Salaried Individuals
- Self-Employed Individuals
- Firms/Companies
Purposes of Pre-Owned Car Loans
- Purchasing a Pre-owned Car: A second-hand car loan assists you in financing the purchase of a pre-owned car, providing the necessary funds to fit your budget and requirements.
- Savings Opportunity: Purchasing a pre-owned car can be seen as an excellent way to save money on an investment that normally has a higher initial cost. With this loan, you can purchase the car of your dreams without putting a dent in your savings.
- Access to Better Features: Used car loans enable you to access pre-owned vehicles with better features or upgrades that may have been unaffordable otherwise.
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 apply:
- Visit our official website to assess your loan eligibility.
- Select the loan option and click on ‘Apply Now’.
- Complete the application form.
- Submit the documents required.
Upon submitting your application, our team will promptly review it. Once successfully verified, we will proceed with the disbursement of the loan amount. If you prefer a face-to-face meeting, you are welcome to visit our branch at the given address.
Poonawalla Fincorp Branch Address in Chennai
Poonawalla Fincorp Limited
Address: 2nd Floor, The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai Tamil Nadu-600017
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
