pre-owned car loan in salem

Pre-Owned Car Loan in Salem

High Loan Amount | No Hidden Charges | 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.


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
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

When availing of a Used Car Loan in Salem, you can enjoy a range of features and benefits. Some key advantages include:

  • Competitive Interest Rate Logo

    Convenient Repayment Options

  • Loan Amount Ranging Logo

    Minimal Documentation

  • Easy Access To Funds Logo

    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.

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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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& Car

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 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.

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 Limited

Address: 2nd Floor, Sri Vaari Shopping Mall, 258/2,2/91, New Bus Stand Main Road, Meyyanur, Salem-636004, Tamil Nadu
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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