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

Pre-owned Car Loan EMI Calculator

Use our second-hand car loan EMI calculator to plan your monthly obligations instantly. Enter the loan amount, interest rate and tenure to calculate your monthly obligations. 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

high loan value icon Loan up to
100% of Car's Value
No hidden charges icon No Hidden
Charges
Quick disbursal icon Instant
Disbursal
Interest rate icon Attractive
Interest Rate
flexible repayment icon Flexible
Repayment Option
minimal documentation icon Minimal
Documentation

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 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. 

Submit just a few documents 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 necessary documents in detail.

We offer a second-hand car loan at affordable interest rates and minimal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh to ₹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

  • Premium Cars 
  • Sedans  
  • Hatchbacks 
  • SUVs 
  • Electric Cars 
  • Salaried employees  
  • Self-employed professionals 
  • Firms or companies 
  • Maintain a credit score of 750 or above 
  • Meet the lender’s eligibility criteria  
  • Check your credit report for inaccuracies  
  • Keep the necessary paperwork handy  
  • Get a better understanding of the loan terms 
  • Opt for only the required loan amount  

Address: 2nd Floor, B Block, SCO-24, District. Shopping Complex, Ranjit Avenue, Amritsar, Punjab-143001  

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

Yes! A good credit score of 750 or above is necessary to access low interest rates and favourable terms for a second-hand car loan from Poonawalla Fincorp in Amritsar.  

Yes, you can avail a Pre-owned Car Loan with Poonawalla Fincorp to buy your favourite vintage car. Just meet our eligibility criteria and submit the required documents.  

 

You can avail up to ₹75 Lakh with a used car loan from Poonawalla Fincorp, depending on your eligibility. With a good credit score and a stable repayment history, you can avail the desired amount to meet your goals.