pre-owned car loan in chennai

Pre-Owned Car Loan in Chennai

High Loan Amount | No Hidden Charges | Attractive Interest Rates

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 Chennai's residents when it comes to owning a car. That's why we offer Used Car Loans in Chennai specifically designed to help them fulfil their dreams of owning a car. With competitive interest rates, flexible repayment options, and personalized customer service, Poonawalla Fincorp is committed to supporting the people of Chennai in purchasing the car of their dreams.


Interest rates play a crucial role in determining the borrowing cost of a loan. When it comes to Used Car Loans in Chennai offered by Poonawalla Fincorp, 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
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    Competitive Interest Rates

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    Minimal Documentation

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    High Loan Amount

Competitive Interest Rates

At Poonawalla Fincorp, we provide competitive interest rates on Used Car Loans in Chennai, making them affordable and helping you save on overall interest costs.

Minimal Documentation

We have streamlined the documentation process for Used Car Loans in Chennai. 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.

  • Salaried Individuals
  • Self-Employed Individuals
  • Firms/Companies
  • Purchasing a Pre-owned Car: A Used Car Loan assists you in financing the purchase of a pre-owned car, providing the necessary funds that 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.
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Apply Online

Click on ‘Apply Now’ and provide your contact details and loan details

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Personal Details

Enter your DOB, Qualification and other necessary details

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Employment & Car Details

Enter your employment details, car details (if car is finalized) and submit the form

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Application will then proceed for verification and assessment

Follow these steps to get a Used Car Loan in Chennai:

  • 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 for a Used Car Loan in Chennai.

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 offers Used Car Loans in Chennai at competitive interest rates, flexible repayment options, and personalized customer service. We are committed to supporting Chennai's residents in purchasing their desired pre-owned cars. Apply for a Used Car Loan in Chennai through our easy and smooth process and experience the joy of owning a quality pre-owned car without any hassle.

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

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