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 Guntur Online

Guntur is known for its rich cultural heritage, thriving agricultural industry, and vibrant textile sector. River Krishna flows through the city creating a serene environment surrounding it. Drive your dream car in this city with a Pre-owned Car Loan from Poonawalla Fincorp. Get up to 100% of the car’s value at competitive interest rates. Enjoy minimal documentation, quick approval, and no hidden charges.

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Competitive
Interest Rate
Online
Application
Minimal
Documentation
Swift
Approval
No Hidden
Charges

Second-hand Car Loan EMI Calculator

Plan your repayments ahead using our EMI calculator. Just enter the loan amount, tenure, and interest rate. Calculate now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹ 17,676
Principal Amount
₹ 2,00,000
Interest Payable
₹ 12,115

Loan Amount

₹ 2,00,000
₹ 75,00,000

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 Used Car Loan in Guntur 

Depending upon 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.

Documents Required for a Pre-owned Car Loan in Guntur

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.

Interest Rate and Charges for a Used Car Loan in Guntur

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 Used Car Loan

  • Pre-owned SUVs 
  • Hatchbacks 
  • Sedans 
  • Premium cars 

Who Can Get a Pre-owned Car Loan in Guntur

  • Salaried employees 
  • Self-employed individuals 
  • Companies/Firms 

Tips for a Successful Pre-owned Car Loan Application

  • Check your credit score 
  • Review the eligibility criteria 
  • Keep all the necessary documents ready 
  • Prepare the downpayment  
  • Fill the application form correctly 
  • Keep the car details ready, if available 

Poonawalla Fincorp Branch Address in Guntur

Poonawalla Fincorp Limited

Address: 1st Floor, Satyavani Heights, Arundelpet, Door no 6-12-60, and 6-12-63, Having new door no 31-12-1020, Guntur, Andhra Pradesh -522002

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

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

*T&C Apply

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 are the factors affecting the Interest rate of a used car loan?

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 
How is the EMI for a Pre-owned Car Loan calculated?

EMIs are calculated based on the loan amount, interest rate, and tenure. You can use our online EMI calculator to determine your monthly payments instantly. 

 

What happens if I default on my loan repayment

Defaulting on loan repayments leads to a negative impact on credit score, a default fee of up to 24% p.a. + taxes, and a potential legal action.