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

Get a Pre-Owned Car Loan Online

Gujarat is home to several industries like agriculture, chemicals, textiles, automobiles, etc. The state also has a thriving car market, with many residents availing of a used car loan to purchase a car. Own the car of your choice with a Pre-Owned Car Loan in Gujarat from Poonawalla Fincorp. Get instant funds of up to ₹75 Lakh with minimal paperwork and quick approval. 
What’s more? Enjoy features like competitive interest rates, flexible repayments, minimal documentation and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
No Hidden
Charges
Swift
Approval
Minimal
Paperwork
Online Application
Process
Flexible
Repayment Tenure

Pre-owned Car Loan EMI Calculator

Calculate your monthly payments with ease using our EMI calculator. Just enter the loan amount, interest rate and tenure to calculate your EMIs 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
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 Gujarat

Our eligibility criteria depend on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail

Documents Required for a Pre-owned Car Loan in Gujarat

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 necessary documents in detail.

Interest Rate and Charges for a Used Car Loan in Gujarat

Avail of a used car loan with competitive 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% plus applicable taxes
Default Charges
24% p.a. plus 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 Used Car Loan in Gujarat

  • Sedans
  • Hatchbacks
  • SUVs
  • Premium cars
  • Electric Cars

Who Can Get a Pre-Owned Car Loan in Gujarat

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

Tips for a Successful Pre-Owned Car Loan Application

  • Check the eligibility criteria before applying for the loan
  • Finalise the loan amount depending on your requirements
  • Check your credit score
  • Maintain your credit utilisation ratio to 30%
  • Keep the required documents ready
  • Avoid applying for the loan multiple times

Poonawalla Fincorp Branch Address in Gujarat

Poonawalla Fincorp Ahmedabad Branch
Address:Office No.304, 305 & 306, 3rd Floor, Majestic Plaza, Law Garden, Ellisbridge, Ahmedabad, Gujarat-380006.
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 Bhavnagar Branch
Address:303, 3rd Floor, Corporate Center, Opp: Dakshinamurti School, Vaghawadi Road, Bhavnagar, Gujarat-364002
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 Jamnagar Branch
Address:Office No 407, 4th Floor, Neo Atlantic, PN Marg, Jamnagar, Gujarat – 361008
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 Rajkot Branch
Address:Office No.306, 3rd Floor, Twin Star, South Block, Near Silver Height, Nana Mawa Chowk, 150 Ring Road, Rajkot, Gujarat-360005
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 Surat Branch
Address:Office No. 207 and 208, 2nd Floor, RIO EMPIRE, Near Pal RTO, Adjan, Surat, Gujarat-394510
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 Vadodara Branch
Address:701,7th Floor, Samanvay silver, Munjmauda, Akota, Vadodara, Gujarat-390020
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 Vapi Branch
Address:A-820, 8th Floor, Building-A, Sonorous Circuit House, Mahatma Gandhi Circle, Vapi, Gujarat-396191
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 address proof documents are required for a salaried individual to get a used car loan?

A salaried individual needs to submit:

  • Passport
  • Driving License
  • Voter ID
What is the minimum business vintage for a firm or company to apply for a Pre-owned Car Loan?

A firm or company should be in the same business for at least 2 years to become eligible for applying for Poonawalla Fincorp's second-hand car loan.

Are there any penalties for defaulting on loan repayment for a second-hand car loan?

Yes, a penalty of 24% p.a. plus taxes is applicable to the outstanding amount if you miss EMI payments for Poonawalla Fincorp's second-hand car loan. If the payment remains overdue for an extended period, it could lead to the seizure of your vehicle.