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

Get an Affordable Pre-owned Car Loan in Kayamkulam

Kayamkulam is renowned for its beautiful landscapes, cashew processing, and cottage industries. Fulfil your aspiration of owning a car with a Pre-owned Car Loan in Kayamkulam from Poonawalla Fincorp. Secure up to 100% of your car’s value with funds up to ₹75 Lakh.  Accelerate your journey to owning your dream car with minimal documentation, fast approval, and instant disbursal. What’s more? Enjoy flexible EMIs, extended loan tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
Competitive
Interest Rate
Online Application
Minimal
Documentation
Flexible
Tenure
Quick
Approval

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments using our online EMI calculator. Simply enter the loan amount, interest rates and tenure to check your monthly instalment amount. 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 Kayamkulam 

The eligibility criteria for a second-hand car loan vary 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 our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Kayamkulam 

Apply for our used 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 Kayamkulam

Get a used car loan at competitive 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

  • Compact SUVs 
  • Hatchbacks 
  • Premium cars 
  • SUVs 
  • Sedans 
  • Electric Vehicles 

Who Can Get a Used Car Loan in Kayamkulam

  • Salaried employees 
  • Self-employed professionals 
  • Companies or firms 

Tips for a Successful Pre-owned Car Loan Application

  • Develop a strong repayment strategy 
  • Opt for a co-applicant to improve eligibility 
  • Decide a popular and reliable car model 
  • Keep the necessary documents handy 
  • Request a loan amount based on your budget 
  • Ensure accuracy in your loan application 

Poonawalla Fincorp Branch Address in Kayamkulam

Poonawalla Fincorp Limited

Address: 1st Floor, Srees Building, MK Hemachandran Road, Near Sree Krishna Swamy Temple, Puthiyidom, Kanyakulam, Kerala-690502 

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

What is the processing fee for a used car loan?

At Poonawalla Fincorp, the processing fee for our used car loan is up to 2% of the loan amount plus applicable taxes, deducted from the disbursed funds. 

Do I need to visit the brand to apply for a used car loan?

It is not compulsory to visit the branch to apply for a used car loan. You can simply apply online for a loan from the comfort of your home with these easy steps: 

Step 1: Click on "Apply Now”  

Tap the "Apply Now" button to initiate your application. 

Step 2: Enter Details 

Enter your DOB, PAN card number, monthly income, and car details. 

Step 3: Upload Documents 

Upload the necessary documents to get quick approval. 

 

What is the ideal CIBIL score for a Pre-owned Car Loan in Kayamkulam?

To increase your chances of approval, a minimum CIBIL score of 750 is recommended for an old car loan. A higher score leads to better interest rates and favourable terms.