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 Bihar With Minimal Paperwork

Bihar is known for its rich cultural heritage. The state’s economy is dependent mainly on agriculture and industries like manufacturing and mining. Make your commute easier and hassle-free by purchasing your own car.

Get a Pre-owned Car Loan in Bihar from Poonawalla Fincorp with attractive interest rates and minimal documentation. Avail of a loan of up to ₹75 Lakh with instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
Quick
Approval
No Hidden
Charges
Flexible Loan
Tenure
Minimal
Documentation
Competitive
Interest Rates

Pre-owned Car Loan EMI Calculator

Use our EMI calculator to plan your monthly payments. Enter the loan amount, tenure and interest rate to know your EMI instantly. Try now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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 Bihar

Our eligibility criteria 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 Bihar

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.

Interest Rate and Charges for a Used Car Loan in Bihar

Get our used car loan instantly with competitive interest rates and nominal charges:

Interest Rate
11% p.a. onwards 
Loan Amount
₹1 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 1% 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

Different Cars You Can Buy With a Pre-owned Car Loan

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

Who Can Get a Pre-owned Car Loan in Bihar

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

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

Poonawalla Fincorp Branch Address in Bihar

Poonawalla Fincorp’s Patna Branch
Address:Office no. 105, 1st Floor, Pandey Plaza, Exhibition Road, Patna, Bihar- 800001
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

1. What is the minimum age for getting a second-hand car loan from Poonawalla Fincorp?

The minimum age for applying for a used car loan from Poonawalla Fincorp is 24 years, regardless of whether you are a salaried individual, a self-employed professional, or a partner/ proprietor/director of a firm or a company.

2. What are the prepayment charges for Poonawalla Fincorp’s used car loan?

There are no prepayment charges for our second-hand car loan if you pay the amount from your income sources. However, if you prepay or foreclose your loan using other income sources, you will have to pay a penalty of 4% on the outstanding amount.

3. Does applying for multiple loans affect our credit score?

Yes, applying for multiple loans within a short duration negatively affects your credit score. Whenever you submit a loan application, a hard inquiry is generated to check your credit history. While a single hard inquiry may only have a minimal impact on your credit score, applying multiple times for a loan or applying for multiple loans within a short period leads to several hard inquiries. This can lead to an adverse impact on your credit score and reduce your eligibility for availing of loans or credit cards in future.