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 Jamshedpur With Quick Approval

Jamshedpur, the “Steel City of India”, is known for its industrial significance and growing economy. Drive your own car and make travelling in this city convenient. Get a Pre-owned Car Loan in Jamshedpur of up to ₹75 Lakh from Poonawalla Fincorp at attractive interest rates and zero hidden charges. Enjoy hassle-free financing with minimal documentation, fast approval, and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car's Value
Quick
Approval
Zero Hidden
Charges
Competitive
Interest Rates
Flexible
Tenure
Minimal
Documentation

Pre-owned Car Loan EMI Calculator

Determine your monthly repayments for a second-hand car loan with our free EMI calculator. Simply enter the loan amount, tenure, and interest rate to get instant results. Apply now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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 Jamshedpur

The eligibility criteria for a used car loan differ based on whether you are salaried, self-employed or a firm/company depending on aspects like:

  • Age
  • Citizenship
  • Work Experience
  • Business Vintage

Click to know more about the eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Jamshedpur

Streamline the application process by submitting only a few essential documents:

  • KYC Documents
  • Financial Documents
  • Bank Statements
  • Address Proof
  • Car Documents

Click to know more about the documentation in detail. 

Interest Rate and Charges for a Pre-owned Car Loan

We offer a used car loan at affordable interest rates and nominal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹1 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 1% 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

  • Sedans 

  • Hatchbacks 

  • SUVs 

  • Premium cars 

Who Can Get a Pre-owned Car Loan in Jamshedpur?

  • Salaried individuals 

  • Self-employed individuals 

  • Firms or companies 

Tips for a Successful Used Car Loan Application

  • Assess your financial condition before applying 

  • Lower your current credit usage 

  • Provide proof of income  

  • Provide accurate information 

  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Jamshedpur

Address: 1 S.B. Shop Area, 2nd Floor, Shantiniketan, Main Road, Bistupur, Singhbhum, Jamshedpur, Jharkhand-831001 

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

1. How do I calculate EMIs for a Pre-owned Car Loan?

Start by heading to our used car loan EMI calculator page. Enter your loan amount, the interest rate provided, and the loan tenure. The calculator will quickly display the EMI results for you. 

2. What is the penalty for missing an EMI payment?

If you miss an EMI payment, a penalty of 24% p.a. + taxes will be charged to the overdue amount. Additionally, if a cheque bounces, a penalty of ₹500 plus applicable taxes will be levied for each bounce. 

 

3. How can I lower the EMIs on my second-hand car loan?

You can lower your car loan EMIs by extending the loan tenure and increasing the down payment to the dealer. You can also lower the loan amount to reduce the EMI payments.