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

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
12 Months
72 Months

Why Choose Poonawalla Fincorp

high loan value icon Loan up to 100%
of Car’s Value
interest rate icon Competitive
Interest Rate
Online Application icon Online Application
Minimal documentation icon Minimal
Documentation
Repayment icon Flexible
Tenure
Quick disbursal Quick
Approval

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

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. 

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.

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

  • Compact SUVs 
  • Hatchbacks 
  • Premium cars 
  • SUVs 
  • Sedans 
  • Electric Vehicles 
  • Salaried employees 
  • Self-employed professionals 
  • Companies or firms 
  • 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 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

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. 

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. 

 

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.