pre-owned car loan in nagpur

Pre-Owned Car Loan in Nagpur

High Loan Amount | Clear Fee Structure | Attractive Interest Rates

Located in the state of Maharashtra, Nagpur is a major commercial and industrial hub in central India. With its strategic location and rapid development, Nagpur witnesses a considerable demand for pre-owned cars. Poonawalla Fincorp recognizes the requirements of Nagpur's residents and offers Pre-Owned Car Loans designed to meet their specific needs.

Applying for a Used Car Loan in Nagpur is a straightforward process. Poonawalla Fincorp provide hassle-free online applications. The application typically requires basic personal and financial details, along with the necessary documents such as identity proof, address proof, income proof, and vehicle-related documents. Once the application is submitted, the lender evaluates the eligibility and processes the loan request.


Interest rates play a crucial role in determining the affordability of a loan. In Nagpur, the interest rates for Used Car Loan in Nagpur, may vary depending on factors such as the borrower's credit history, loan tenure, loan amount, and the lender's policies. Poonawalla Fincorp offers competitive interest rates, ensuring that borrowers have access to affordable repayment options.

Pre-Owned Car Loan Interest Rates 11% p.a. onwards
Loan Amount ₹1 Lakh - ₹75 Lakh
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
Late Payment Charges 3% per month
Cheque Bounce Charges ₹1000 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges
  • Easy To Apply Logo

    Lower Cost

  • Competitive Interest Rate Logo

    Variety of options

  • Quick Processing Logo

    Reduced Depreciation

  • No Restriction On Usage Logo

    Lower Insurance Premiums

  • No Restriction On Usage Logo

    Avoiding Initial Depreciation

Lower Cost

Pre-owned cars are generally more affordable than new vehicles, and a Pre-Owned Car Loan enables individuals to finance the purchase conveniently.

Variety of options

Opting for a pre-owned car allows for a broader range of choices within a given budget.

Reduced Depreciation

Used Car Loan in Nagpur, experience slower depreciation compared to new vehicles, offering better value for money.

Lower Insurance Premiums

Insurance premiums for pre-owned cars tend to be lower than those for new cars, leading to potential cost savings.

Avoiding Initial Depreciation

New cars typically experience significant depreciation during the first few years. With a pre-owned car, borrowers can bypass this initial value drop.

Semi Circle Logo
Laptop Logo

Apply Online

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

Semi Circle Logo
Document Required Logo

Personal Details

Enter your DOB, Qualification and other necessary details

Semi Circle Logo
Verfied LogoEmployment
& Car

Employment & Car Details

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

Semi Circle Logo
timer logo


Application will then proceed for verification and assessment

Follow these steps to get a Used Car Loan in Nagpur,

  • 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 Nagpur,

After you have submitted your application, our team will promptly review it. Upon successful verification, we will expedite the disbursement of the loan amount. If you prefer a personal interaction, you are welcome to visit our branch at the provided address.

Poonawalla Fincorp Limited

Address: 1st Floor, "Vision", Plot No. 9, CTS No. 1062, Mouje Gadge, Dharampeth, Nagpur: 440010, Maharashtra
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

Poonawalla Fincorp's Used Car Loan in Nagpur, service offers a convenient and affordable solution for individuals seeking to purchase a used car. With competitive interest rates, flexible repayment options, quick loan processing, and minimal documentation requirements, Poonawalla Fincorp ensures a seamless borrowing experience. Whether you're a first-time buyer or looking to upgrade to a better vehicle, our Pre-Owned Car Loan can help you drive home your dream car. Take the first step towards owning your pre-owned car by availing of our reliable financing service today.

*Terms & Conditions Apply

Explore Various Types of Our Used Car Loan Arrow Logo

Insightful Pre-Owned Car Loan Blogs Arrow Logo

Benefits of having a car
7 Benefits You'll Enjoy if You Upgrade to Your Own Car From a Bike

In any case, whenever someone is planning to buy a car, the first question that most of them will have is 'do I buy a brand-new vehicle or just go for a used car?'

Second hand car Loan
Loan For Second Hand Cars: Here's How You Can Get it Easily

A second-hand car or pre-owned car is one of the undisturbed markets – both post and pre-COVID times. Due to the hassle-free process of second hand car loan,

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp