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

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Simply enter the loan amount, interest rate and tenure to view the results 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
12 Months
72 Months

Why Choose Poonawalla Fincorp

Loan icon Loan Up to 100%
of Car's Value
ho hidden charges icon No Hidden
Charges
Quick approval icon Quick
Approval
Repayment option icon Flexible
Repayment Option
Minimal documentation icon Minimal
Documentation
Attractive Interest Rate icon Attractive
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 differ depending on whether you are salaried, self-employed or a firm/company and on other aspects like:

  • Age
  • Occupation
  • Income
  • Citizenship

Click to know more about the eligibility criteria in detail

Submit the required documents based on whether you are salaried, self-employed and firms/companies to avail the loan.

  • KYC Documents
  • Financial/Income documents
  • Ownership and Insurance documents
  • Address proof documents
  • Bank statement

Click to know more about the necessary documents in detail

Interest Rate
11%* p.a. onwards 
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 1% plus applicable taxes
Lowest EMI Per Month
₹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

  • Luxury Cars
  • Hatchbacks
  • Sedans
  • MUVs
  • SUVs
  • Self-employed Individuals
  • Companies or Firms
  • Salaried Employees
  • Check the eligibility criteria
  • Decide the loan amount based on your requirements
  • Check your credit score
  • Keep the required documents ready
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Jalandhar

Address: Ground Floor, SCO-3, Opp C D office, Puda complex, Jalandhar, Punjab - 144001

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

You can avail of a second-hand car loan with low EMIs by maintaining a credit score of 750 and above, making a larger down payment, reducing your debt-to-income ratio, etc.

The final interest rate for our second-hand car loan can vary across applicants depending on their credit scores, monthly income, repayment capacity, etc. The interest rate for our second-hand car loan starts from 11%* p.a.

 

The lowest possible EMI for our second-hand car loan starts from ₹1,903 for a loan amount of ₹1 Lakh, an interest rate of 11%* p.a. and a loan tenure of 72 months.