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

Avail of a Pre-owned Car Loan in Akola Instantly

Akola is known as the ‘Cotton City of India’ for its large-scale cotton production. It is popular for its historical significance, academic excellence, and cultural heritage. Drive your dream car in this city with a Pre-owned Car Loan in Akola. Benefit from high loan amount, competitive interest rate, a streamlined documentation process, quick approval, flexible repayment tenure, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
Car’s Value
Attractive
Interest Rate
Online
Applicatioin
Minimal
Documentation
Flexible
Repayment Tenure
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Calculate your EMIs instantly with our hassle-free online EMI calculator. Just enter the loan amount, interest rate, and tenure. 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
12Months
72Months

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.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Pre-owned Car Loan in Akola

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Akola

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Car Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement

Click to know more about the documents required in detail.  

Interest Rate and Charges for a Pre-owned Car Loan in Akola

Interest Rates
11%* p.a. onwards 
Loan Amount
₹2 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
0% If paid from own sources
4% If paid from other sources
Default Interest
2% per month
Repayment Instrument Dishonor Charges
₹500 per bounce plus applicable taxes
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

Different Car You Can Buy with a Pre-owned Car Loan

  • Premium cars 
  • Sedans 
  • Hatchbacks 
  • SUVs 

Who Can Get a Pre-owned Car Loan

  • Salaried individuals 
  • Self-employed individuals  
  • Firms/Companies 

Tips for a Successful Pre-owned Car Loan Application

  • Review the eligibility criteria 
  • Check your credit score 
  • Submit all the necessary documents 
  • Arrange the down payment 
  • Fill the application form correctly 
  • Reduce your existing debts 

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

What is the loan amount I can avail for a Pre-owned Car?

Poonawalla Fincorp offers used car loans from ₹2 Lakh up to ₹75 Lakh. The sanctioned loan amount may differ based on your age, income, occupation, credit score, and our internal policy. 

How quickly can I get approval for my Pre-owned Car Loan application?

You can get approval and disbursement instantly after successful verification and approval.  

 

What is the interest rate for Poonawalla Fincorp's Pre-owned Car Loan?

We offer second-hand car loans at competitive interest rates starting at 11% p.a. The interest rate may vary based on your eligibility and our internal policy. 

Are there any prepayment or foreclosure charges for a Pre-owned Car Loan?

Poonawalla Fincorp offers loans for used car with zero foreclosure charges if paid from own sources. However, a 4% of outstanding loan amount plus taxes are levied if paid from other sources.