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

Pre-owned Car Loan EMI Calculator

Calculate your payable EMIs effortlessly with our online EMI calculator. Just enter the loan amount, interest rate, and tenure. 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

high loan value icon Up to 100%
of Car’s Value
interest rate icon Attractive
Interest Rate
Online application icon Online
Application
Minimal documentation icon Minimal
Paperwork
flexible repayment icon Flexible
Repayment Tenure
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

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail.

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Car Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement

Click to know more about the documents required in detail.

Poonawalla Fincorp offers a loan for used car at attractive 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

  • Pre-owned sedans 
  • Hatchbacks 
  • SUVs 
  • Crossovers 
  • Premium vehicles 
  • Salaried individuals  
  • Self-employed individuals 
  • Firms/Companies   
  • Check your credit score 
  • Review the eligibility criteria 
  • Keep the down payment ready 
  • Avoid multiple loan applications 
  • Keep your debt-to-income ratio low 

Address: 1st Floor, 16/116 (29), Plot No 34, Block 16 ( subplot 4 ) Bhargava Estate, Civil Lines, Kanpur, Uttar Pradesh-208001

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

Yes, you can purchase a hatchback with a used car loan. Avail of up to ₹75 Lakh at competitive interest rate.  

Yes, at Poonawalla Fincorp, we offer up to 100% of the car's value as a loan, allowing you to purchase your desired car without compromises. However, the sanctioned loan amount may vary depending on your eligibility, credit score, and our internal policy. 

 

Yes, the loan application process with Poonawalla Fincorp is fully digital. Click on ‘Apply Now’ and complete the application process in just a few minutes.