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 Bhopal 

Bhopal, known as the city of lakes, has multiple large-scale industries in pharma, automobiles, textiles, electronics, etc. The city also has a growing market for used cars in India. Buy your favourite car in this city to ensure hassle-free travel with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with minimal paperwork and instant disbursal. Benefit from our attractive interest rates, flexible tenure, high LTV ratio and instant approval. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Attractive
Interest Rate
Minimal
Paperwork
Flexible
Loan Tenure
Instant
Disbursal
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Estimate your monthly payments with our user-friendly EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure to know your EMI 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

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

Eligibility Criteria for a Pre-owned Car Loan in Bhopal 

Our eligibility requirements depend 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.

Documents Required for Pre-owned Car Loan in Bhopal 

Submit minimal documents to avail of a second-hand car loan:

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

Click to know more about the required documents in detail.

Interest Rate and Charges for a Used Car Loan in Bhopal

We offer a used car loan with competitive 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. + 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 Cars to Buy with a Used Car Loan

  • Compact SUVs 
  • SUVs 
  • Hatchbacks 
  • Premium cars 
  • Sedans 

Who Can Get a Pre-owned Car Loan in Bhopal

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

Tips for a Successful Pre-owned Car Loan Application

  • 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 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Bhopal

Poonawalla Fincorp Limited

Address: 1st Floor, Mahaveer Avenue, Plot No.2, R-2, Zone-01, Maharana Pratap Nagar, Bhopal, Madhya Pradesh-462011

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

What are the business vintage requirements for self-employed individuals availing a used car loan?

Self-employed individuals applying for Poonawalla Fincorp's second-hand car loan need to fulfil these requirements: 

  • For a loan amount of up to ₹10 Lakh, you need at least 2 years in your current business. 
  • For a loan amount between ₹10 lakh and ₹75 lakh, your total business experience should be at least 3 years. 
What KYC documents are required for a salaried individual to apply for a Pre-owned Car Loan?

A salaried individual needs to submit:  

  • Aadhaar Card 
  • Voter ID Card 
  • PAN Card 
  • Driving License 
  • Passport 

 

What is the maximum loan amount for a second-hand car loan from Poonawalla Fincorp?

You can get a maximum loan amount of up to ₹75 Lakh to purchase your favourite used car. We offer a loan of up to 100% of the car’s value pledged as collateral. The final loan amount applicable depends on your monthly income, credit score, market value and condition of the car, repayment capacity, etc.