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

Get a Pre-Owned Car Loan in Amritsar

Amritsar is home to traditional arts and decor within an invigorating cultural setting. Drive through the nooks of your city or go on long drives with your family by securing a Pre-Owned Car Loan in Amritsar. Enjoy competitive interest rates, flexible tenure and instant approval on your application. Apply now!

Why Choose Poonawalla Fincorp

Loan up to
100% of Car's Value
No Hidden
Charges
Instant
Disbursal
Attractive
Interest Rate
Flexible
Repayment Option
Minimal
Documentation

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
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 Amritsar

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 Used Car Loan in Amritsar

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.

Interest Rate and Charges for a Pre-Owned Car Loan in Amritsar

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

Different Types of Cars to Buy with a Pre-owned Car Loan

  • Premium Cars 
  • Sedans  
  • Hatchbacks 
  • SUVs 
  • Electric Cars 

Who Can Get a Used Car Loan in Amritsar

  • Salaried employees  
  • Self-employed professionals 
  • Firms or companies 

Tips for Successful Pre-owned Car Loan Application 

  • 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  

Poonawalla Fincorp Branch Address in Amritsar

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

Is a good credit score necessary to opt for a used car loan in Amritsar?

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.  

Can I avail a Pre-owned Car Loan to buy a vintage car?

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.  

 

What is the highest loan amount I can get from Poonawalla Fincorp?

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.