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

Pre-owned Car Loan EMI Calculator

Determine your monthly repayments with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure. Calculate 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 Valuation
interest rate icon Competitive
Interest Rate
Minimal documentation icon Minimal
Documentation
Repayment option icon Flexible
Repayment Tenure
Online application icon Quick
Approval
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

Depending on whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail.

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 in detail. 

Poonawalla Fincorp offers a second-hand car loan at attractive interest rates and nominal 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% + 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

  • Luxury cars 
  • Hatchbacks 
  • Sedans 
  • SUVs 
  • SUVs 
  • Salaried individuals 
  • Self-employed individuals  
  • Firms/Companies 
  • Meet the eligibility criteria 
  • Check your credit score 
  • Submit all the necessary documents 
  • Arrange the down payment 
  • Fill the application form correctly 

Poonawalla Fincorp Limited

Address: 2nd Floor, Kwality Hotel Complex, Bhiringi More, Dist-Panchim Bardhman, West Bengal -713213

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

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

Poonawalla Fincorp Limited

Address: 2nd Floor, Kwality Hotel Complex, Bhiringi More, Dist-Panchim Bardhman, West Bengal -713213

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

Poonawalla Fincorp offers used car loans with a loan-to-value ratio of up to 100%. Get a high loan amount at competitive interest rates  

The factors that affect the interest rate of your second-hand car loan include: 

  • Car’s age and model 
  • Downpayment 
  • Your income 
  • Credit score 
  • Loan tenure 
  • Loan amount  

 

Yes, you can apply for the loan online by visiting our website. Just click on ‘Apply Now’, fill out the application form, and upload the necessary documents.