Pre-owned Car Loan in Chennai

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

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

Click to know more about the documents required for a Pre-owned Car Loan in detail.

• Pre-owned sedans 
• Hatchbacks 
• SUVs 
• Premium cars 
• Electric cars 

• Salaried employees  
• Self-employed individuals  
• Firms or companies 

• Check the eligibility criteria  
• Keep the required documents ready  
• Understand the terms and conditions  
• Maintain a credit score of 750 or above 
• Opt for the loan amount needed  
• Correct any errors in your credit report 
• Offer a larger down payment  
• Choose a car within your budget  

Travelling across Chennai each day between your home and workplace can be challenging. Commuting across the city, for example, from Tambaram and back, can easily take one to two hours. 

Heavy traffic, crowded streets, and the effects of heat and humidity often make public transport or taxis uncomfortable and unpredictable. Owning a car can make daily travel far more convenient and comfortable.

When you buy a used vehicle, you can often afford a higher-quality model with better features at a lower price. You also avoid long waiting periods, as pre-owned cars are usually available for immediate purchase. For residents of Chennai, a pre-owned vehicle is an affordable long-term solution that offers good value for money and suits everyday driving conditions.

There are several benefits associated with choosing an old car loan in Chennai:

• Affordable Ownership: Used cars are generally much more affordable than new vehicles, helping Chennai residents reduce the total amount financed.
• Lower Initial Investment: With a pre-owned car loan, you do not need to make a large upfront payment. This allows you to manage other household or commuting expenses in the city.
• Flexible Loan Amount: You can get a loan of up to ₹75 Lakh, depending on the vehicle’s value and your credit profile.
• Competitive Interest Rates: Interest rates start from around 11% p.a., based on your credit score and eligibility.
• Customisable Repayment Tenure: You can choose a repayment period that suits your monthly budget and travel needs.
• Simplified Documentation: Poonawalla Fincorp requires minimal documentation, making the application and approval process quicker and more convenient.

These benefits make a Pre-Owned Car Loan in Chennai a smart choice for first-time buyers and those upgrading their current vehicle.

Visit this Poonawalla Fincorp branch in Chennai for a hassle-free loan experience:

• Address: 2nd Floor, The Oval Tower, Venkata Narayana Road, T.Nagar, Chennai, Tamil Nadu-600017  
• Contact Number: 1800-266-3201 (Toll-Free)  
• Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays) 

You can visit this T. Nagar branch to apply for a Pre-Owned Car Loan and enjoy a quick, convenient approval process.