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 Himachal Pradesh Instantly

Himachal Pradesh, also known as the ‘Dev Bhumi’, is a beautiful state nestled between mountains surrounded by scenic landscapes.  The state’s economy depends on agriculture, hydroelectric power, tourism and manufacturing industries like pharmaceuticals, cement, textiles, etc. Purchase your own car in the state to ensure hassle-free travel with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from competitive interest rates, no hidden charges, minimal paperwork and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

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

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure to calculate your EMI 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 Himachal Pradesh

The eligibility criteria for Poonawalla Fincorp’s used car loan depend on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  • Occupation
  • Experience/Vintage

Click to know more about our eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Himachal Pradesh

Provide 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 required documents in detail.

Interest Rate and Charges for a Used Car Loan in Himachal Pradesh

Our second-hand car loan comes with attractive interest rates and minimal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 2% plus applicable taxes
Lowest EMI Per Month
Starting from ₹1903* per Lakh for 72 months
Loan Tenure
12 - 72 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
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 Pre-owned Car Loan

  • Hatchbacks
  • MUVs
  • SUVs
  • Premium Cars
  • Crossovers
  • Sedans

Who Can Get a Pre-owned Car Loan in Himachal Pradesh

  • Salaried Employees
  • Self-employed Professionals
  • Companies or Firms

Tips for a Successful Used Car Loan Application

  • Check the eligibility criteria
  • Finalise the loan amount based on your requirements
  • Check your credit score
  • Maintain a lower debt-to-income ratio
  • Keep the required documents ready
  • Avoid multiple loan applications

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

How soon can I get approval for my Pre-owned Car Loan?

Poonawalla Fincorp offers quick approval and instant disbursal for used car loans, provided you have fulfilled the eligibility criteria and submitted all the necessary documents.

What types of cars can I buy with a used car loan from Poonawalla Fincorp?

You can purchase a variety of cars, including hatchbacks, SUVs, crossovers, premium cars, and sedans with our Pre-owned Car Loan.

Is there an option to foreclose the loan early?

Yes, you can foreclose your Pre-owned Car Loan before the end of your loan tenure. If you foreclose the loan using your own funds, there are no charges. However, if you use other fund sources to foreclose the loan, a 4% charge on the outstanding loan amount (plus taxes) is applicable.