Apply for a Pre-owned Car Loan for a Hatchback Car Instantly
A hatchback car offers several benefits due to its compact size, including affordability, fuel efficiency and easier city commute. However, instead of purchasing a brand-new model that can burn a hole in your pocket, avail of easy credit financing to purchase a used hatchback car. Own the car of your choice with a used hatchback car loan. Secure a loan of up to ₹75 Lakh with simple eligibility criteria and swift approval.
At Poonawalla Fincorp, we offer a cost-effective solution with our used hatchback car loan at attractive interest rates, a loan of up to 100% of the car’s value and instant disbursal. Apply now!
Pre-owned Car Loan EMI Calculator
Plan your monthly repayments with our user-friendly EMI calculator for a used car loan. Enter the loan amount, interest rate, and tenure to instantly view your EMI. Try it now!
Why Choose Poonawalla Fincorp
Up to 100%of Car’s Valuation
Attractive Interest Rate
Minimal Documentation
Flexible Repayment Tenure
Swift Disbursal
No HiddenCharges
Apply for a Pre-owned Car Loan in Just 3 Steps
Click on "Apply Now"
Tap the “Apply Now” button to initiate your application.
Enter Details
Enter your DOB, contact, employment and car details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Although the eligibility criteria for availing of a Pre-owned Car Loan for a Hatchback car differs based on whether you are salaried, self-employed or an established firm/company, here are some of the main details:
- Age limit:
- For salaried employees: 21-60 years
- For self-employed individuals: 24-65 years
- For a proprietor, partner or director of a firm/company: At least 24 years
- Nationality: Indian
- Work experience (for salaried):
- Loan amount of up to ₹10 Lakh: At least 3 months in current employment with total work experience of 12 months
- Loan amount of ₹10 Lakh to ₹75 Lakh: At least 6 months in current employment with total work experience of 24 months
- Business vintage (for self-employed):
- Loan amount of up to ₹10 Lakh: Minimum 24 months in current business
- Loan amount of ₹10 Lakh to ₹75 Lakh: Minimum 36 months in current business
- Business vintage (for firm or company): Should be in the same business for at least 2 years
Click to know more about our eligibility criteria in detail.
Submit the necessary documents to avail of our second-hand car loan based on whether you are salaried, self-employed or an established firm/company:
- Car Documents
- Identity Proof
- Address Proof
- Income Proof
- Bank Account Statement
Click to know more about the documents required in detail.
We offer a second-hand car loan for used Hatchback cars at competitive interest rates and nominal charges:
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
- Salaried Individuals
- Self-employed Professionals
- Firms/Companies
- Check your credit score
- Borrow only what you need
- Fulfil the eligibility criteria
- Keep the required documents handy
- Add a co-applicant to strengthen your loan application
- Avoid multiple loan applications
Happy Customers, Happy Us
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
Pre-owned Car Loan
Very professional staff knowledgeable and polite should be always a first choice to choose Poonawalla i always get gentle reminder about my due date and once payment is made love the teamwork thankyou
Thats a smooth process. It helped me getting my query resolved within fraction of seconds.
Pre-owned Car Loan
All Good Services has Provided From Poonawalla Fincorp I will Definitely Recommend the Company.
Pre-owned Car Loan
The service is very good I have received the payment at the time they were given everything is very good.
Pre-owned Car Loan
I will definitely recommend the company if someone ask or need as I have been associated with company from last 10 years
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pre owned car loan16 Oct 2025| 7 min -
pre owned car loan16 Oct 2025| 6 min
Frequently Asked Questions
You can get our second-hand car loan at competitive interest rates and favourable loan terms by maintaining a credit score of 750 or more. To maintain a high credit score, ensure that you repay your debts on time, review your credit report for inaccuracies, maintain a credit utilisation ratio below 30%, etc.
You can avail of a maximum loan amount of ₹75 Lakh on our used car loan. We provide a loan of up to 100% of the car’s value depending on your credit profile, repayment capacity and the car's condition.
A nominal foreclosure fee of 4% plus applicable taxes is levied.