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 Ludhiana With Quick Approval

Ludhiana is an important industrial city in Punjab known for its historical forts, monuments and local cuisine. Own the car of your choice in this city with a Pre-owned Car Loan from Poonawalla Fincorp. Avail of a loan of up to ₹75 Lakh with minimal paperwork. Benefit from our competitive rates, flexible EMIs, loan of up to 100% of the car’s value and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

high loan value icon Loan up to 100%
of Car's Value
ho hidden charges icon No Hidden
Charges
Quick approval icon Swift Loan
Approval
Instant disbursal icon Instant
Disbursal
Minimal documentation icon Minimal
Documentation
Interest rate icon Competitive Interest
Rate

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments instantly with our online EMI calculator. Slide the bar to enter the loan amount, tenure and interest rate. Use 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

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

Eligibility Criteria for a Pre-owned Car Loan in Ludhiana

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 our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Ludhiana

Provide 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 Pre-owned Car Loan in Ludhiana

Get our second-hand loan at attractive interest rates and nominal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 2% 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 to Buy with a Pre-owned Car Loan

  • Luxury Cars 
  • Pre-owned sedans 
  • SUVs 
  • Hatchbacks 
  • Crossovers 

Who Can Get a Used Car Loan in Ludhiana

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

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Keep all the necessary documents handy 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Ludhiana

Address: 7th Floor, SCO 10 & 11, Feroz Gandhi Market, Above DCB Bank Ludhiana, Punjab-141001 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

*T&C Apply  

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 address proof documents should a salaried employee submit to get a Pre-owned Car Loan?

A salaried individual needs to submit:  

  • Driving License 
  • Voter ID 
  • Passport 
What is the penalty for missing an EMI for Poonawalla Fincorp’s used car loan?

If you miss your EMI payment for our second-hand car loan, a penalty of 24% p.a. + taxes is applicable to the outstanding amount.  

 

Can I get a second-hand car loan from Poonawalla Fincorp without income proof?

No, you cannot get our used car loan without submitting your proof of income. The income documents help us ascertain whether you have a stable income and whether you can repay the loan. These documents differ depending on whether you are salaried, self-employed or a firm/company.