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

Get a Pre-owned Car Loan in Kollam Instantly

Kollam is a popular tourist destination in Kerala, known for its religious monuments and picturesque landscape. The city’s economy is dependent on industries such as tourism, IT, chemicals and textiles. Drive your dream car in this city with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Get up to 100% of the car’s value with minimal paperwork and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car's Value
No Hidden
Charges
Swift
Approval
Minimal
Documentation
Flexible
EMIs
Competitive
Interest Rates

Pre-owned Car Loan EMI Calculator

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

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

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

Loan Amount

Rupees one lakh

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 Kollam

Our eligibility criteria differ depending on whether you are salaried, self-employed or a firm/company and on other aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Kollam

Submit minimal documents to avail of a used car loan:

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

Click to know more about the necessary documents in detail. 

Interest Rate and Charges for a Used Car Loan in Kollam

Get a used car loan at attractive interest rates and nominal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹1 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 1% 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

  • Electric vehicles  

  • Luxury cars 

  • Hatchbacks 

  • SUVs 

  • Sedans 

  • MUVs 

Who Can Get a Pre-owned Car Loan in Kollam

  • Salaried Individuals 

  • Companies or Firms 

  • Self-employed Professionals 

Tips for a Successful Used Car Loan Application

  • Check the eligibility criteria 

  • Decide the loan amount based on your requirements 

  • Check your credit score 

  • Keep the required documents handy 

  • Avoid applying for a loan multiple time 

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

1. Can I purchase any car with a used car loan from Poonawalla Fincorp?

Yes, you can utilise our used car loan to purchase any second-hand vehicle, including a sedan, SUV, luxury car, MUV, etc.  

2. What is the interest rate for Poonawalla Fincorp's second-hand car loan?

The interest rate for our second-hand car starts from 11%* p.a. The final interest rate depends on your credit score, monthly income, repayment capacity, market value, and condition of the vehicle, etc.  

 

3. How do I increase my chances of getting a used car loan with lower EMIs?

You can avail of a second-hand car loan with low EMIs by maintaining a credit score of 750 and above, making a larger down payment, reducing your debt-to-income ratio, etc.