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

Get a Used Car Loan in Karnal With Flexible EMIs

Karnal, known as the ‘Rice Bowl of India’, is one of the most beautiful and clean cities in Haryana. Explore the scenic beauty of this city in your own car with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with benefits like attractive interest rates, flexible loan tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
No Hidden
Fees
Quick Application
Process
Flexible
Repayment Tenure
Minimal
Paperwork
Attractive
Interest Rates

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments using our online EMI calculator. Enter the loan amount, interest rate, and tenure to know your EMIs instantly. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

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

Loan Amount

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

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 Used Car Loan in Karnal

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:
    • For salaried employees: 24-60 years
    • For self-employed individuals: 24-65 years
    • For a proprietor, partner or director of a firm/company: At least 24 years

  • Nationality: Indian

  • Work experience (for salaried):
    • Loan amount of up to ₹10 Lakh: At least 3 months in current employment with total work experience of 12 months
    • Loan amount of ₹10 Lakh to ₹75 Lakh: At least 6 months in current employment with total work experience of 24 months

  • Business vintage (for self-employed):
    • Loan amount of up to ₹10 Lakh: Minimum 24 months in current business
    • Loan amount of ₹10 Lakh to ₹75 Lakh: Minimum 36 months in current business

  • Business vintage (for firm or company): Should be in the same business for at least 2 years

Click to know more about our eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Karnal

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 Pre-owned Car Loan in Karnal

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% 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 Types of Cars You Can Buy With a Used Car Loan

  • Crossovers
  • Sedans
  • SUVs/ MUVs
  • Hatchbacks
  • Premium cars
  • Electric cars

Who Can Get a Pre-owned Car Loan

  • Salaried Employees
  • Self-employed Individuals
  • Firms or Companies

Tips for a Successful Pre-owned Car Loan Application

  • Choose the right loan amount
  • Maintain a credit score of 750 or above
  • Understand the loan terms and conditions
  • Review your credit report to avoid errors
  • Fulfil the basic eligibility criteria
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Karnal

Address:1st Floor, SCO 90 & 91 Sector 16, Namestey Chowk, Pritam Nagar, Karnal, Haryana -132001
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

Can I purchase any type of car with a used car loan in Karnal?

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. Based on your eligibility, 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 foreclosure charges for prepaying my Pre-owned Car Loan in Karnal?

No, there are zero foreclosure charges for foreclosing your Pre-owned Car Loan if you repay the loan from your own sources. However, a charge of 4% applies on the outstanding loan amount (plus taxes) if you repay from other sources.

Is it necessary to have a credit score of 750+ to opt for a second-hand car loan in Karnal?

Maintaining a credit score of 750 or above helps you secure a loan on favourable terms. To maintain such a stable credit score, make your repayments on time, check your credit report for errors, maintain a credit utilisation ratio below 30%, and so on.