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 free online EMI calculator to check your monthly repayments. Enter the loan amount, interest rate, and tenure to get quick 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 High Loan
Amount
interest rate icon Competitive
Interest Rate
Minimal documentation icon Minimal
Documentation
Repayment option icon Flexible
Tenure
Fast approval icon Fast Approval
No Hidden charges 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 differ based on whether you are a salaried individual, self-employed or a firm/company depending on aspects like:

  • Age
  • Citizenship
  • Work Experience
  • Business Vintage

Click to know more about eligibility criteria in detail.

Get a second-hand car loan with minimal documentation:

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

Click to know more about documentation in detail.

We offer a used car loan with affordable 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. + 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
  • Salaried employees
  • Self-employed individuals
  • Firms or companies
  • Meet the basic eligibility criteria
  • Submit the required documents
  • Maintain a credit score of 750 or above
  • Review the terms and conditions of the loan
  • Lower your credit utilisation ratio
  • Report errors in your credit report

Address: 2nd Floor, J.R.Complex, Talap Road, Kannur, Kerala-670004

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

To get quick approval for an old car loan, maintain a credit score of 750 or above, meet the basic eligibility criteria, such as age, income, citizenship, etc., and submit the necessary documents like KYC, income proof, address proof, car details, etc. This helps improve your chance of getting swift approval on your used car loan.

Yes, you can purchase any car of your choice with Poonawalla Fincorp’s used car loan. There is no restriction on the type of vehicle you can purchase. However, ensure the car is in good condition.

 

At Poonawalla Fincorp, the interest rates for a Pre-owned Car Loan starts at 11%* p.a. However, they may vary based on your financial profile.