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

Avail of a Used Car Loan in Kottayam Instantly

Kottayam, a tourist attraction in Kerala, is an important centre for textile, rubber, chemical and automobile industries. The city also has a developing market for second-hand cars in the state. Buy the car of your choice in this city to ensure hassle-free travel. Get a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp to purchase a used car with minimal documentation. Benefit from our competitive interest rates, flexible EMIs, loan of up to 100% of the car’s value and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
No Hidden
Charges
Competitive Interest
Rate
Instant
Disbursal
Minimal
Paperwork
Flexible
Repayment Tenure

EMI Calculator for a Pre-owned Car Loan

Make use of our user-friendly EMI calculator to plan your monthly payments. Simply enter the loan amount, interest rates and tenure to know your EMIs. Try 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 Kottayam

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

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Kottayam

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 Kottayam

We offer a used car loan with 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

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

Who Can Get a Pre-owned Car Loan in Kottayam

  • Salaried Individuals 
  • Firms or Companies 
  • Self-employed Individuals 

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria 
  • Determine the loan amount based on your requirements 
  • Check your credit score 
  • Maintain a lower debt-to-income ratio 
  • Keep the required documents ready 

Poonawalla Fincorp Branch Address in Kottayam

Poonawalla Fincorp Limited

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.)

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 are the things I should check before opting for a Pre-owned Car Loan?

Before opting for a used car loan, you should check your credit score, market value and condition of the car, eligibility criteria, fees and charges, documents required, terms and conditions, etc.  

What is the minimum business vintage required for a firm or company applying for a used car loan?

A firm or company should be in the same business for at least 2 years to be eligible for availing of Poonawalla Fincorp’s used car loan. 

 

What credit score is necessary for quick approval of a Pre-owned Car Loan?

The minimum credit score for availing of a used car loan is 750. Building and maintaining your credit score increases your chances of getting approval for our second-hand car loan at lower interest rates and favourable terms.