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

Apply for an Instant Pre-owned Car Loan in Karimnagar

Karimnagar, the strong agricultural base of Telangana, is known for its natural beauty, ancient temples, and vibrant culture. Drive your dreams forward with a Pre-owned Car Loan in Karimnagar from Poonawalla Fincorp. Get immediate access funds of up to ₹75 Lakh to bring home your dream car. Benefit from attractive rates, quick approval, minimal documentation, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of the Car’s Value
Quick Application
Process
Attractive
Interest Rate
Minimal
Paperwork
Extended Repayment
Term
Zero Hidden
Fees

Pre-owned Car Loan EMI Calculator

Plan your second-hand car loan EMIs using our online EMI calculator. Enter the loan amount, interest rate, and tenure into the calculator to access your monthly repayment schedule. 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
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 Karimnagar

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 Limit
  • Nationality
  • Work Experience
  • Business Vintage

Click to know more about the eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Karimnagar

Get a second-hand car loan with minimal documentation:

  • 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 Used Car Loan in Karimnagar

Enjoy affordable interest rates and nominal charges with a used car loan:

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

Different Cars You Can Buy With a Used Car Loan

  • Pre-owned sedans 
  • SUVs 
  • Crossovers 
  • Electric Vehicles 
  • MUVs 
  • Hatchbacks 
  • Premium vehicles 

Who Can Get a Pre-owned Car Loan in Karimnagar

  • Salaried employees  
  • Firms or companies 
  • Self-employed professionals 

Tips for a Successful Used Car Loan Application 

  • Maintain a credit score of 750+ 
  • Demonstrate a stable source of income 
  • Opt for the right loan amount  
  • Clear your existing debts  

Poonawalla Fincorp Branch Address in Karimnagar

Poonawalla Fincorp Limited

Address: Shop No. 12, 12A and 13, 3rd Floor, Municipal Door No. 3-1-69/15, City Center, Captain Ragunandan Road, Sawaran Street, Karimnagar, Telangana-505001

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

rightArrow
rightArrow

Frequently Asked Questions

Can I purchase any type of car with the used car loan in Karimnagar?

Yes, you can purchase any type of car with Poonawalla Fincorp’s used car loan. From SUVs and MUVs to crossovers and electric cars – you can opt for any model without restrictions. Depending on your eligibility level, you can request an amount between ₹2 Lakh - ₹75 Lakh to meet the costs associated with buying the car of your dreams.    

Do I have to pay any charges to prepay or foreclose my used car loan?

A foreclosure charge of 4% applies on the outstanding loan amount is applicable.  

 

Can I use a Pre-owned Car Loan to repair my car?

Yes, you can use this loan to repair and upgrade your car, such as installing a bluetooth system, parking sensors, new wheels, etc.