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

Pre-owned Car Loan EMI Calculator

Use our EMI Calculator to plan your monthly payments. Simply enter the loan amount, tenure and interest rates to calculate your EMIs instantly. Try it 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 Amount Up to
100% of Car’s Value
quick approval Quick
Approval
no hidden charges No Hidden
Charges
Minimal documentation icon Minimal
Paperwork
flexible repayment icon Flexible
Repayment Option
Attractive Interest Rate icon Competitive
Interest Rate

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

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. 

Submit minimal documents to apply for 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. 

Avail of our used car loan at 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. + 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

  • SUVs 
  • MUVs 
  • Hatchbacks 
  • Sedans 
  • Electric Vehicles 
  • Premium cars 
  • Salaried Individuals 
  • Self-employed Individuals 
  • Companies or Firms 
  • Check the eligibility criteria before applying 
  • Maintain a credit utilisation ratio of up to 30%  
  • Finalise the loan amount based on your requirements 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid applying for the loan multiple times 

Poonawalla Fincorp Limited 

Address: Office No. 717 to 720, 7th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010 

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

You can submit these documents to apply for our second-hand car loan: 

  • KYC documents 
  • Income proof 
  • Address proof 
  • Car documents 
  • Bank account statement 

Click to know more about the required documents for a used car loan in detail. 

A 4% fee plus taxes is applicable if you pre-close your loan. 

 

Your credit score significantly influences the interest rate and loan amount of your used car loan. If you have a credit score of 750 and above, you have a higher chance of getting better terms and conditions on your second-hand car loan.