Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 11%* p.a.
Loan Tenure
12-72 Months

Pre-owned Car Loan EMI Calculator

Calculate your monthly repayments with our online EMI calculator. Enter the loan amount, interest rate and tenure to calculate your monthly EMI for a used car loan. Try now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹200000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
11%
30%

Tenure

Months
12 Months
72 Months

Why Choose Poonawalla Fincorp

loan icon High Loan-to-value Ratio
Documentation icon Minimal
Documentation
Online Application Online Application
Interest rate icon Competitive
Interest Rate
Repayment icon Flexible
Repayment Option
No hidden charges icon No Hidden Charges

Apply for a Pre-owned Car Loan in Just 3 Steps

step1

Click on "Apply Now"

Tap the “Apply Now” button to initiate your application.

step2

Enter Details

Enter your DOB, contact, employment and car details.

step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Depending upon whether you are salaried, self-employed and firms/companies, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Income
  • Citizenship

Click to know more about the eligibility criteria in detail

Submit the required documents based on whether you are salaried, self-employed and firms/companies to avail the loan.

  • KYC Documents
  • Financial/Income documents
  • Ownership and Insurance documents
  • Address proof documents
  • Bank statement

Click to know more about the necessary documents in detail

Get the loan at attractive interest rate and nominal charges:

Interest Rate
11% p.a. onwards 
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 2% plus applicable taxes
Lowest EMI Per Month
Starting from ₹1903* per Lakh for 72 months
Loan Tenure
12 – 72 Months
Prepayment/Foreclosure Charges
4% plus applicable taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 Per Bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

With a used car loan, you can enjoy additional benefits such as:

  • Balance Transfer: Transfer your existing loan to Poonawalla Fincorp’s used car loan balance transfer and experience significant financial relief with better interest rates, lower EMIs, and substantial savings.

  • Top-up Loan: Top-up on your existing loan scheme for a used car of up to 200% of its value. With Poonawalla Fincorp’s used car loan top up, you can enjoy the flexibility of a high loan amount of up to ₹75 Lakh with minimal documentation and no hidden charges.

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

A second-hand car loan makes buying your dream car affordable and convenient. With Poonawalla Fincorp, you can get a loan amount of up to ₹75 Lakh and enjoy various benefits such as minimal documentation, flexible repayment tenure, etc.

To avail of the Poonawalla Fincorp used car loan, follow these simple steps:

Step 1: Click on the 'Apply Now' button.

Step 2: Fill in the required details on the loan application form.

Step 3: Upload necessary documents.

On successful verification, the loan amount will be disbursed into your bank account instantly.

 

With our used car loan, you can buy all kinds of cars, including premium cars, SUVs, sedans, and hatchbacks.