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 online EMI calculator to plan your monthly repayments. Simply enter the necessary details, including loan amount, interest rate, and tenure, to calculate EMIs instantly. 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 icon Up to 100%
of Car’s Value
Instant disbursal icon Instant
Disbursal
Interest rate icon Attractive
Interest Rate
Repayment option icon Flexible
Repayment Options
Minimal documentation icon Minimal
Documentation
No hidden charges icon No Hidden
Charges

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

The eligibility criteria for Poonawalla Fincorp’s used car loan depend on whether you are salaried, self-employed or a firm/company and on other aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail. 

Upload just a few documents to avail of a used car loan:

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

Click to know more about the documentation in detail. 

Interest Rates
11%* p.a. onwards 
Loan Amount
₹2 Lakh to ₹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 Interest
2% per month
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

  • Premium cars 
  • Hatchbacks 
  • Crossovers 
  • SUVs 
  • Sedans 
  • EVs 
  • Self-employed professionals  
  • Salaried individuals 
  • Companies or firms 
  • Decide loan amount based on your requirements 
  • Check eligibility criteria 
  • Keep documents handy 
  • Provide accurate information  
  • Check your credit score 

Address: 2nd Floor, Sheel Kishan Tower, Block No. 63, Plot no.09, Near Bikaner Wala, Bareilly, Uttar Pradesh-243001 

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

The applicable rate of interest for a Pre-owned Car Loan from Poonawalla Fincorp starts from 11%* p.a. However, please note that the applicable rate of interest depends on the borrower's financial profile, such as monthly income, credit score, etc. 

The applicable instrument dishonour charges associated with our Pre-owned Car Loan is ₹500 per bounce plus applicable taxes. In other words, ₹500 will be levied in case of a repayment cheque bounce. 

 

The loan-to-value ratio is the amount of loan offered by a lender against the market value of an asset. Here, in a Pre-owned Car Loan, the asset is the vehicle you are purchasing.