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 Allahabad

Allahabad, a city where ancient history intertwines with modern India, stands as a testament to the country’s rich heritage. The city boasts a unique blend of tradition and progress. Experience freedom and convenience whether you are navigating the Ghats or cruising down highways in your dream car. 
Get a Pre-owned Car Loan in Allahabad from Poonawalla Fincorp with up to 100% of the car’s value at competitive interest rates. Apply with minimal documentation, no hidden charges, and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
Car’s Value
Attractive
Interest Rate
Online
Application
Minimal
Paperwork
Flexible
Repayment Tenure
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Plan your EMIs efficiently with our easy-to-use used car loan EMI calculator. Just enter the loan amount, interest rate, and tenure.

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 Allahabad

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 our eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Allahabad

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 documentation in detail.

Interest Rate and Charges for a Used Car Loan in Allahabad

Poonawalla Fincorp offers second-hand car loans at attractive interest rates and nominal charges:

Interest Rate
11% p.a. onwards
Loan Amount
₹2 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 2%
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. plus 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

Different Cars You Can Buy With a Second-hand Car Loan

  • Sedans
  • Hatchbacks
  • SUVs
  • Premium cars

Who Can Get a Pre-owned Car Loan in Allahabad

  • Self-employed individuals
  • Firm/Company
  • Salaried individuals

Tips for a Successful Pre-owned Car Loan Application

  • Review your eligibility criteria
  • Check your credit score
  • Submit the car details, if available
  • Prepare the downpayment
  • Gather all the necessary documents
  • Fill the application form correctly

Poonawalla Fincorp Branch Address in Allahabad

Poonawalla Fincorp Limited

Address: 1st Floor, 120/1/18/2C, Plot No-18, Site No-29, Mahatma Gandhi Marg, Near MAX Showroom, Civil Lines, Prayagraj, Allahabad, Uttar Pradesh-211001 


Contact Number: 1800-266-3201 (Toll Free)


Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

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

Can I transfer my existing used car loan to Poonawalla Fincorp?

Yes, you can transfer your existing car loan to Poonawalla Fincorp with a Pre-owned Car Loan balance transfer. Get up to ₹75 Lakh at an affordable interest rate with no hidden charges.

Can I foreclose or make prepayments on my used car loan?

Yes, you can foreclose your loan. However, you must pay 4% plus taxes to foreclose your loan. 

How much LTV can I expect for a Pre-owned Car Loan in Allahabad?

Poonawalla Fincorp offers used car loans with a loan-to-value ratio of up to 100%. Benefit from attractive interest rates, minimal documentation, and no hidden charges.