pre-owned car loan in palakkad

Pre-owned Car Loan in Palakkad

High Loan Amount | Competitive Interest Rates | Minimal Documentation

Situated in the southern state of Kerala, Palakkad is a serene town known for its scenic beauty, historical monuments, and lush green landscapes. With its tranquil charm and growing population, Palakkad also experiences a demand for pre-owned cars. Poonawalla Fincorp understands the needs of Palakkad's residents and provides Pre-Owned Car Loan to help them fulfill their automotive dreams.

Obtaining a Used Car Loan in Palakkad is a simple and convenient process. Poonawalla Fincorp offers online platform where you can easily apply for a loan from the comfort of your home. Fill in the necessary details, submit the required documents, and wait for approval. Once approved, you can proceed to choose the pre-owned car of your choice and drive away with confidence.


Interest rates on Used Car Loans in Palakkad may vary based on several factors, including your credit score, loan amount, and repayment tenure. Poonawalla Fincorp offers interest at 11% p.a. onwards. For more information, please see 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
  • Flexible Loan Terms Logo

    Flexible Loan Amounts

  • Convenient Repayment Options Logo

    Convenient Repayment Options

  • Quick Processing Logo

    Quick Processing and Disbursal

  • Minimal Documentation Logo

    Minimal Documentation

Flexible Loan Amounts

Pre-Owned Car Loans offer flexible loan amounts based on the value of the pre-owned car, ensuring you can borrow an amount that suits your budget and requirements.

Convenient Repayment Options

Lenders provide flexible repayment options, allowing you to choose a loan tenure that aligns with your financial capabilities.

Quick Processing and Disbursal

The loan application process is swift, and once approved, the funds are disbursed promptly, enabling you to make your purchase without delays.

Minimal Documentation

Used Car Loans in Palakkad require minimal documentation, making the application process hassle-free and convenient for borrowers.

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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 Palakkad

  • 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 Palakkad

Once you submit your application, our team will promptly review it. Upon successful verification, we will expedite the process of disbursing the loan amount in a timely manner. If you prefer a personal interaction, you can visit our branch located at the provided address.

Poonawalla Fincorp Limited

Address: 1st Floor, KAV Center, Chandranagar, Palakkad, Kerala- 678014
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

A Used Car Loan in Palakkad is an excellent way to fulfill your aspirations of owning a pre-owned car. Whether you choose Poonawalla Fincorp or any other lender, ensure that you compare interest rates, features, and terms to find the best loan option that suits your needs. Begin your journey towards owning your dream car with a Used Car Loan in Palakkad and enjoy the freedom of the open road.

*Terms & Conditions Apply

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