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 Faridabad With Flexible EMIs

Faridabad, a well-known city in Haryana, is located just a few kilometres away from India’s capital. Unlock the convenience of commuting in this bustling city with your dream. Avail of a Pre-owned Car Loan in Faridabad from Poonawalla Fincorp to finance your dream car without hassle. Enjoy competitive interest rates, quick disbursal, flexible loan tenure, and minimal documentation.

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Competitive
Interest Rate
Flexible
Repayment Tenure
No Hidden
Charges
Minimal
Documentation
Online Application

Pre-owned Car Loan EMI Calculator

Use our free online EMI calculator to check your monthly repayments. Enter the loan amount, interest rate, and tenure to get quick results. 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
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 Faridabad

The eligibility criteria for a second-hand car loan differ based on whether you are a salaried individual, self-employed or a firm/company depending on aspects like:

  • Age limit:
    • For salaried employees: 21-60 years
    • For self-employed individuals: 24-65 years
    • For a proprietor, partner or director of a firm/company: At least 24 years

  • Nationality: Indian

  • Work experience (for salaried):
    • Loan amount of up to ₹10 Lakh: At least 3 months in current employment with total work experience of 12 months
    • Loan amount of ₹10 Lakh to ₹75 Lakh: At least 6 months in current employment with total work experience of 24 months

  • Business vintage (for self-employed):
    • Loan amount of up to ₹10 Lakh: Minimum 24 months in current business
    • Loan amount of ₹10 Lakh to ₹75 Lakh: Minimum 36 months in current business

  • Business vintage (for firm or company): Should be in the same business for at least 2 years

Click to know more about the eligibility criteria in detail

Documents Required for a Pre-owned Car Loan in Faridabad

Get a second-hand car loan with minimal documentation:

  • KYC Documents
  • Financial Documents
  • Bank Statements
  • Address Proof
  • Car Documents

Click to know more about our documentation in detail.

Interest Rate and Charges for a Used Car Loan in Faridabad

We offer a used car loan with affordable 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 You Can Buy with a Second-Hand Car Loan

  • SUVs 
  • Hatchbacks 
  • Crossovers 
  • Premium cars 
  • Sedans 

Who Can Get a Pre-owned Car Loan in Faridabad

  • Companies or firms 
  • Self-employed professionals 
  • Salaried individuals 

Tips for Successful Used Car Loan Application

  • Meet the basic eligibility criteria  
  • Submit the required documents 
  • Maintain a credit score of 750 or above 
  • Review the terms and conditions of the loan 
  • Lower your credit utilisation ratio 
  • Report errors in your credit report 

Poonawalla Fincorp Branch Address in Faridabad

Address: 1st Floor, A-6 Part A, Neelam Bata Road, NIT, New Industrial Township, Faridabad, Haryana -121001 

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

rightArrow
rightArrow

Frequently Asked Questions

Should I buy a used car with a Pre-owned Car Loan?

Taking a loan for a used car is a better option to avoid the financial burden and to pay off the cost of your vehicle in monthly instalments over a certain tenure. It also allows you to get immediate access to a vehicle for personal use.  

Is it possible to get lower interest rates on a used car loan in Faridabad?

The interest rate on a Pre-owned Car Loan in Faridabad depends on the loan amount, your credit score, your income and the loan tenure you choose. At Poonawalla Fincorp, we offer this loan at competitive interest rates starting at just 11%* p.a.  

What is the longest tenure of a car loan for a used car?

The longest tenure of a loan for a second-hand car loan from Poonawalla Fincorp is 72 months. We offer a flexible tenure from 12 months to 72 months, ensuring you can select the best option for repayment.