Apply for a Pre-Owned Car Loan in Salem with Attractive Interest Rates!
Located in the southern state of Tamil Nadu, Salem is a major commercial and industrial hub. The city is home to a thriving market for pre-owned cars, catering to the diverse preferences and budgets of the residents. Poonawalla Fincorp understands the aspirations of Salem's residents and provides Pre-Owned Car Loan tailored to their requirements. With competitive rates, flexible repayment options, and a seamless application process, we help in turning your dream of owning a pre-owned car into reality.
Pre-Owned Car Loan: EMI Calculator
-
EMI Amount = *
Pre-Owned Car Loan Interest Rates in Salem
Poonawalla Fincorp offers competitive interest rates on Used Car Loan in Salem, ensuring affordability and ease of repayment. Please see below for more 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 Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Features and Benefits of Pre-Owned Car Loans in Salem
When availing of a Used Car Loan in Salem, you can enjoy a range of features and benefits. Some key advantages include:
-
Convenient Repayment Options
-
Minimal Documentation
-
Quick Loan Approval
Convenient Repayment Options
We provide flexible repayment options, allowing you to choose a tenure that suits your financial situation. You can opt for shorter or longer loan tenures, depending on your repayment capacity.
Minimal Documentation
Applying for a Used Car Loan in Salem requires minimal documentation, making the process convenient and time-saving.
Quick Loan Approval
At Poonawalla Fincorp, we understand the urgency of owning your dream car. Our streamlined loan approval process ensures quick disbursal of funds, minimizing any delays.
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 in Salem?
Follow these steps to get a Used Car Loan in Salem:
- Visit our official website to assess your loan eligibility.
- Select the Pre-Owned Car Loan option and click on ‘Apply Now’.
- Complete the application form.
- Submit the documents required for a Used Car Loan in Salem.
Upon the submission of your application, our team will promptly review it. Following successful verification, we will expeditiously proceed to disburse the loan amount. If you prefer a personal interaction, we wholeheartedly welcome you to visit our branch at the provided address.
Conclusion
In conclusion, a Used Car Loan in Salem is an excellent option for individuals seeking to purchase a pre-owned car. Poonawalla Fincorp offers a comprehensive range of loan services, catering to different requirements and financial capabilities. With competitive interest rates, flexible repayment options, and quick loan approval, we are committed to making your car ownership dreams come true in Salem!
Poonawalla Fincorp Branch Address in Salem:
Poonawalla Fincorp Limited
Address: No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem,Tamil Nadu-636004
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
