Avail of a Hassle-Free Used Car Loan in Kerala
The winding hill roads, scenic coastal highways, and growing urban centres in Kerala, such as Kochi, make owning a personal vehicle a practical need. With rising new-car prices, a used-car loan in Kerala can be a smarter way to own a reliable car without straining your budget.
Poonawalla Fincorp offers a Used Car Loan of up to ₹75 Lakh, with competitive interest rates, up to 100% financing, and quick approval. Apply now!
Kerala Pre-owned Car Loan EMI Calculator
Plan your repayments for a second-hand car loan in Kerala with an online EMI calculator. Add the amount of money you want to borrow, interest rate, and tenure, and you can see your monthly EMI automatically. Calculate the EMIs now!
Why Choose Poonawalla Fincorp
Loan up to 100%Car’s Value
CompetitiveInterest Rate
Minimal Documentation
Online Application
Flexible Repayment Tenure
No HiddenCharges
Apply for a Used 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.
Check the eligibility criteria for a used car loan in Kerala at Poonawalla Fincorp:
- Age: 21-60 years (salaried); 24-65 years (self-employed), and a minimum 24 years of age (Firm / Company Proprietor / Partners / Directors as applicable) at the maturity of the loan.
- Occupation: Salaried employees, self-employed professionals, and business owners with a stable source of income
- Experience/Vintage: 12 months of experience total (salaried); 24-36 months of experience in business (self-employed)
- Citizenship: Indian
- Credit Score: CIBIL score of 700 and above (New to Credit also accepted)
Click to find more about the Used Car Loan eligibility criteria.
Submit a few documents to apply for an old car loan in Kerala:
- Vehicle Documents: RC and insurance copy of the second-hand car being financed
- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving Licence
- Address Proof: Passport, Driving Licence, Voter ID or utility bill
- Income Proof: Latest salary slip (salaried) or ITR for 2 years with P&L statement (self-employed)
- Bank Account Statement: Salary account for 3 months (salaried) or 6 months (self-employed)
Read more about the documents required for a Pre-owned Car Loan.
Poonawalla Fincorp offers a used car loan in Kerala at attractive rates and transparent charges:
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
Kerala Pre-owned Car Loan helps in meeting the different vehicle ownership requirements:
- Daily Commuting: Travel comfortably across busy urban roads in cities like Kochi, Kozhikode, or Thiruvananthapuram with a reliable second-hand car.
- First-Time Car Ownership: Young professionals can afford their first vehicle with the help of a used car loan in Kerala.
- Family Travel: A family car makes it easier to visit hill stations, temples, and backwater destinations across the state.
- Business Use: Self-employed individuals and traders can finance a used car without blocking their working capital.
- Scenic Road Trips: Explore beautiful routes from Munnar to Alleppey or Wayanad to Bekal with your own pre-owned vehicle.
From compact city-friendly models to spacious family vehicles, here are the popular car categories you can finance across Kerala’s diverse road conditions:
- Hatchbacks: Compact and fuel-efficient, hatchbacks are ideal for navigating busy city roads and narrow lanes across Kerala’s towns and cities.
- SUVs: With higher ground clearance and strong performance, SUVs are well-suited for Kerala’s varied terrains, including hilly regions and monsoon-affected roads.
- MUVs: Spacious and practical, MUVs are a popular choice for large families and long-distance travel across Kerala.
- Premium Cars: Premium cars offer enhanced comfort, advanced features, and refined performance for those seeking a more luxurious driving experience in Kerala.
- Electric Vehicles: Electric cars provide an eco-friendly and cost-efficient option, especially suitable for Kerala’s growing EV infrastructure and urban commuting needs.
- Sedans: Sedans combine comfort, stability, and fuel efficiency, making them ideal for daily city travel as well as smooth highway drives across Kerala.
Whether you work in the state’s service sector, run a professional practice, or manage a business, Pre-owned Car loans in Kerala are designed to suit diverse income sources.
- Salaried Individuals: Salaried employees working in Kerala’s IT parks, tourism, healthcare, education, or government sectors can apply with stable income and employment records.
- Self-employed Professionals: Self-employed professionals in Kerala, such as doctors, architects, chartered accountants, and consultants, can qualify by demonstrating steady earnings and business continuity.
- Firms/Companies: Registered firms and companies operating in Kerala can apply through their authorised proprietor, partners, or directors, subject to business income and eligibility criteria.
A few practical steps, tailored to Kerala’s vehicle market and local lending practices, can help improve your chances of faster approval and better loan terms.
- Choose a car suited to Kerala’s road and weather conditions to avoid valuation issues and ensure lender approval.
- Keep your income and bank statements updated, especially if you work in sectors like tourism, healthcare, or overseas-linked businesses common in Kerala.
- Maintain a healthy credit score to qualify for competitive interest rates from lenders operating in the state.
- Opt for a realistic loan amount and tenure based on your monthly expenses and cost of living in Kerala.
- Reduce your existing debts to improve your repayment capacity and strengthen your eligibility for a Pre-owned Car loan approval.
Poonawalla Fincorp’s Cochin Branch
Address:5th Floor, Muscat Tower, Sahodaran Ayyappan Road, Above HP World, Kadavnathara, Cochin-682020
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 Kannur Branch
Address:2nd Floor, J.R.Complex, Talap Road, Kannur, Kerala-670004
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 Kayamkulam Branch
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)
Poonawalla Fincorp’s Kollam Branch
Address:2nd Floor, Sree Vigneswara Bhavan, Kadapakada, Kollam, Kerala -691008
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 Kottayam Branch
Address:1st floor, Vetteel Estate, Kanjikuzhy, Kottayam, Kerala-686004
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 Kozhikode Branch
Address:1st Floor, Trinity Arcade, Kannur Road, Near ESAF Bank, West Nadakkavu, Kozhikode, Kerala -673011
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 Malappuram Branch
Address:2nd Floor, City Square, Kozhikode Road, Kottapadi junction, Down Hill, Malappuram, Kerala-676519
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 Palakkad Branch
Address:1st Floor, KAV Center, Chandranagar, Palakkad, Kerala- 678014
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 Pattambi Branch
Address:1st Floor, Koppan Trade Center, Mela Pattambi Post, Palakkad Road, Palakkad, Kerala-679306
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 Thodupuzha Branch
Address:1st Floor, Choice Garden, Survey No: 125/3, Vengallur-Mangattukavala Bypass Road, Thodupuzha, Iddikki, Kerala-685585
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 Thrissur Branch
Address:2nd Floor, Chowallur Tower, Civil Lines Road, Opp. Mar Augin Thoovana Church, West Fort, Thrissur, Kerala-680004
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 Tirur Branch
Address:1st Floor, Kottathara Complex, Naduvilangadi, Tirur, Kerala-676107
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 Trivandrum Branch
Address:1st Floor, Sree Uthradam Arcade, Sasthamangalam, Trivandrum, Kerala-695010
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)
Happy Customers, Happy Us
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
Pre-owned Car Loan
Very professional staff knowledgeable and polite should be always a first choice to choose Poonawalla i always get gentle reminder about my due date and once payment is made love the teamwork thankyou
Thats a smooth process. It helped me getting my query resolved within fraction of seconds.
Pre-owned Car Loan
All Good Services has Provided From Poonawalla Fincorp I will Definitely Recommend the Company.
Pre-owned Car Loan
The service is very good I have received the payment at the time they were given everything is very good.
Pre-owned Car Loan
I will definitely recommend the company if someone ask or need as I have been associated with company from last 10 years
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Frequently Asked Questions
Car inspection or valuation is usually required to assess the vehicle’s condition, age, and market value before finalising the loan amount.
Most financial institutions provide car loan balance transfer options. However, it is better to discuss with the lender regarding the availability.
Yes, the manufacturing year of the car notifies us of its usable life. It can highly influence the approval, tenure, and funding amount.
Prepayment is usually allowed, subject to the lender’s terms and applicable charges. Borrowers should review the prepayment clause in their loan agreement.
Lenders note the inspection reports, internal valuation tools and resale value in the Kerala market to decide the car's value.
Certified cars from reputed dealers may be eligible for better loan-to-value ratios, subject to the lender’s policies.
No, the registration type is crucial. The used car loan is valid only for privately registered cars.
Approval timelines depend on documentation, eligibility, and verification, and may be completed within a few days.
Interest rates are usually determined by the vehicle’s age, condition, and overall risk profile, rather than fuel type alone.