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

Pre-owned Car Loan EMI Calculator

Make use of our EMI calculator to plan your monthly repayments. Simply enter the loan amount, interest rate and tenure to calculate your EMI instantly. Try it 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
Instant disbursal icon Instant
Disbursal
zero hidden charges icon No Hidden
Charges
Repayment option icon Flexible
Repayment Tenure
Minimal documentation icon Minimal
Documentation
Attractive Interest Rate icon Competitive
Interest Rate

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

Our eligibility requirements differ depending on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  • Occupation
  • Experience/Vintage

Click to know more about our eligibility criteria in detail. 

Upload minimal documents to avail of a used car loan:

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

Click to know more about the required documents in detail. 

Poonawalla Fincorp’s used car loan comes with competitive interest rates and nominal charges:

Interest Rate
11% p.a. onwards 
Loan Amount
₹2 Lakh - ₹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 Charges
24% p.a. + taxes
Repayment Instrument Dishonour 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

  • Pre-owned hatchbacks 
  • SUVs 
  • Sedans 
  • Premium cars 
  • MUVs 
  • Salaried Individuals 
  • Companies or Firms 
  • Self-employed Professionals  
  • Check the eligibility criteria  
  • Determine the loan amount based on your requirements 
  • Check your credit score 
  • Maintain a lower debt-to-income ratio 
  • Keep the required documents ready 

Poonawalla Fincorp Limited  

Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002 

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

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

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Poonawalla Fincorp Limited  

Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025 

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

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

*T&C Apply  

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

A self-employed individual needs to submit:  

  • Last 2 years' income tax returns 
  • GST returns 
  • Profit and loss statement and Balance Sheet for the last 2 years 

There is no prepayment or foreclosure charge for our second-hand car loan if you pay the amount from your own sources. However, if the payment is made from other sources, a 4% charge is levied on the outstanding loan amount. 

 

You can reduce the EMI of your used car loan by opting for a longer tenure, reducing your loan amount or by paying a higher down payment amount.