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 Assam With Instant Disbursal

Assam, situated in the north-eastern part of India, is primarily dependent on agriculture, fishing, manufacturing and transportation sectors. Travel within or outside the state with ease by purchasing your own car with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our attractive interest rates, minimal documentation, simple eligibility criteria and instant approval. Apply now!

Why Choose Poonawalla Fincorp

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

Pre-owned Car Loan EMI Calculator

Plan your monthly payments effectively with our EMI calculator. Enter the loan amount, interest rate and tenure to know your EMIs instantly. Try it now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹ 17,676
Principal Amount
₹ 2,00,000
Interest Payable
₹ 12,115

Loan Amount

₹ 2,00,000
₹ 75,00,000

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 Assam

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 Assam

Upload minimal documents to avail of the loan:

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

Click to know more about the necessary documents in detail.

Interest Rate and Charges for a Used Car Loan in Assam

Poonawalla Fincorp offers a used car loan with attractive interest rates and minimal 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 Types of Cars to Buy With a Pre-Owned Car Loan

  • Pre-owned SUVs
  • Sedans
  • Hatchbacks
  • SUVs
  • MUVs
  • Luxury cars

Who Can Get a Pre-owned Car Loan in Assam

  • Salaried Individuals
  • Self-employed Professionals
  • Firms or Companies

Tips for a Successful Used Car Loan Application

  • Check the eligibility criteria before applying
  • Decide the loan amount based on your requirements
  • Maintain a lower debt-to-income ratio
  • Check your credit score
  • Keep all the necessary documents handy

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

Are there any penalties for defaulting on the loan repayment for your Pre-owned Car Loan?

Yes, in case you miss the EMI payment for your Pre-owned Car Loan, a penalty of 24% p.a. plus taxes will be levied on the due amount. Defaulting on your monthly payments will also have an adverse impact on your credit score.

How can I avail the lowest interest rate for a used car loan?

You can avail the lowest possible interest rate, i.e. 11%* p.a., by maintaining a healthy credit profile. Paying your EMI(s) by the due date, having a credit score of 750 and above, stable employment with a reputed employer, maintaining a lower debt-to-income ratio, etc., can help you maintain a healthy credit profile.

Can I avail of a Pre-owned Car Loan to purchase a second-hand electric car?

Yes, you can get a used car loan to purchase your favourite second-hand electric car. Ensure that you fulfil our eligibility criteria, maintain a low debt-to-income ratio and submit the relevant documents to increase your chances of getting the loan to buy an electric car.