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

Pre-owned Car Loan EMI Calculator

Use our online EMI calculator to check your monthly repayments in seconds. Just enter the loan amount, tenure, and interest rate to get results. Calculate 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 Loan up to 100%
of Car’s Value
interest rate icon Competitive
Interest Rate
Minimal documentation icon Minimal
Documentation
Repayment option icon Flexible Repayment Tenure
Quick approval icon Fast
Approval
No Hidden icon No Hidden
Charges

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

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

  • Age Limit
  • Nationality
  • Work Experience
  • Business Vintage

Click to know more about the eligibility criteria in detail.

Apply for our used car loan with minimal documentation:

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

Click to know more about the necessary documents in detail.

Benefit from competitive interest rates and minimal 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. plus 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

  • Sedans 
  • SUVs 
  • Crossovers 
  • Hatchbacks 
  • Premium vehicles 
  • Electric vehicles 
  • Self-employed individuals  
  • Salaried employees  
  • Firms or companies 
  • Keep all required documents ready 
  • Aim for a credit score of 750 or higher 
  • Ensure you meet all eligibility criteria 
  • Improve your eligibility with a co-applicant 
  • Request a loan amount aligning with your needs 

Poonawalla Fincorp Limited

Address: 1st Floor, Sun Plaza, E 3-4, Main Pal Road, Near Barkatula Khan Statium, Jodhpur, Rajasthan -342001

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

To get a second-hand car loan on favourable terms, maintain a credit score of 750 or above, have a stable repayment history and lower your current debts.  

To boost your credit score, ensure timely bill payments and maintain a low credit utilisation ratio (below 30%), among other practices. 

With a Pre-owned Car Loan from Poonawalla Fincorp, you can get up to 100% of your car's value. We offer a loan amount of up to ₹75 Lakh to enable you to finance your dream car without any hassle. 

 

No, you cannot buy a new car with a Pre-owned Car Loan. With this loan, you can only purchase a used or second-hand car.