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

Avail of a Pre-owned Car Loan in Karnataka Effortlessly

Karnataka is known for its pilgrimage sites, ancient architecture, and natural beauty. Fulfil your dream of owning a car and effortlessly navigate through the state with a Pre-owned Car Loan in Karnataka from Poonawalla Fincorp. 
Get up to ₹75 Lakh at attractive interest rates with online application, minimal documentation, quick approval, flexible repayment tenure, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
Car’s Value
Competitive
Interest Rate
Online
Application
Minimal
Paperwork
Flexible
Loan Tenure
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure. 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 Karnataka

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 our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Karnataka

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

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

Click to know more about documents required in detail. 

Interest Rate and Charges for a Used Car Loan in Karnataka

Poonawalla Fincorp offers a second-hand car loan 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. 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

Different Cars You Can Buy With a Pre-owned Car Loan

  • Sedans
  • Hatchbacks
  • SUVs
  • Premium cars
  • MUVs
  • Electric vehicles

Who Can Get a Used Car Loan in Karnataka

  • Salaried individuals
  • Self-employed individuals
  • Firms/Companies

Tips for a Successful Pre-owned Car Loan Application

  • Review the eligibility criteria
  • Check your credit score
  • Submit all the necessary documents
  • Arrange the down payment
  • Fill the application form correctly

Poonawalla Fincorp Branch Address in Karnataka

Poonawalla Fincorp’s Bengaluru Branch
Address:2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Address:Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)


Poonawalla Fincorp’s Hubli Branch
Address:2nd Floor, Kulburgi-Mahalakshmi Mansion, New Cotton Market, Hubli-580029
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)


Poonawalla Fincorp’s Mangalore Branch
Address:Shop No. 9, Yenepoya Shopping Gallary, Near Karnataka Bank, Kodiyal Bail, Mangalore, Karnataka-575003
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)


Poonawalla Fincorp’s Mysore Branch
Address:2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009
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

What is the maximum loan amount available for a Used Car Loan in Karnataka?

Poonawalla Fincorp offers a second-hand car loan of up to ₹75 Lakh. However, the sanctioned loan amount may vary based on your credit score, age, occupation, experience, and our internal policy.

What CIBIL score is considered ideal for a Pre-owned Car Loan in Karnataka?

A CIBIL score of 750 and above is considered ideal. A good credit score improves your chances of loan approval with favourable loan terms. 

How much LTV can I expect for a Pre-owned Car Loan in Karnataka?

Poonawalla Fincorp offers used car loans with a loan-to-value ratio of up to 100%. Get a high loan amount at competitive interest rates.