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 Maharashtra With Flexible EMIs

Maharashtra has a rich cultural heritage, serene tourist attractions and a thriving economy. Purchase your own car to travel at your convenience within and outside the state with a Pre-owned Car Loan from Poonawalla Fincorp.

Get a loan of up to ₹75 Lakh with minimal paperwork. Benefit from our attractive interest rates, loan of up to 100% of the car’s value, 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

Estimate your monthly payments with our online EMI calculator. Just enter the loan amount, interest rate and tenure to view the results instantly. Try 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 Pre-owned Car Loan in Maharashtra

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 Pre-owned Car Loan in Maharashtra

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 Used Car Loan in Maharashtra

We offer a second-hand car loan at competitive 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

  • Pre-owned SUVs
  • Sedans
  • Premium cars
  • Hatchbacks
  • Electric cars

Who Can Get a Pre-owned Car Loan in Maharashtra

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

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria
  • Finalise the loan amount based on your requirements
  • Check your credit score
  • Keep the required documents handy
  • Avoid applying for a loan multiple times

Poonawalla Fincorp Branches in Maharashtra

Poonawalla Fincorp’s Ahmednagar Branch
Address:Office No. 201, Second Floor, Siddhivinayak Complex, Business Center, Professor Chowk, Savedi, Ahmednagar, Maharashtra - 414003
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 Amravati Branch
Address:2nd Floor, Plot no. 16, Sai Nagar Road, Opp Brilliancy Tutorial, Gawande Nagar, Amravati, Maharashtra-444605
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 Aurangabad Branch
Address:2nd Floor, Alaknanda Complex, Near Baba Petrol Pump, Aurangabad, Maharashtra-431005
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 Belapur Branch
Address:Office No. 211, 02nd Floor, Gauri Commercial Complex, Sector 11, Plot no. 19, CBD Belapur Branch, Navi Mumbai, Maharashtra-400614
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 Jalgaon Branch
Address:1st Floor, Gitai Plaza, Plot No. 22, Above ICICI Bank, Dhake Colony, Opp Shahu Maharaj Hospital, Jalgaon, Maharashtra-425001
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 Kolhapur Branch
Address:Office No 13, 2nd Floor, RD Vichare Commercial Complex Limited, Gemstone building, Near CBS Bus Stand, New Shahpuri, Kolhapur, Maharashtra -416001
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 Mumbai Branch
Address:Unit No. 73, 7th floor, Kalpataru Square, Kondivita Lane, Andheri-Kurla Road, Andheri (East), Mumbai, Maharashtra -400059
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 Nagpur Branch
Address:1st Floor, Vision, Plot No. 9, CTS No. 1062, VIP road, beside traffic park, Mouje Gadge, Dharampeth, Nagpur, Maharashtra-440010
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 Nashik Branch
Address:2nd Floor, Vijay Villa, Opp. Sonali Apartment, behind Vijan Hospital, Above B&B Studio, Vise Mala, College Road, Nashik, Maharashtra-422005
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 Pune Branch
Address:A201 & 202, 2nd floor, AP-81, Koregaon Park Annex, Mundhwa Road, Near Raga Lawns, Mundhwa, Pune - 411036
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Address:Unit no. 2&3, 2nd Floor, Survey No-30/2/3/1, Balaji Nagar, Above Bank Of Baroda, Dhankawadi, Pune, Maharashtra-411043
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 Thane Branch
Address:1st Floor, Nirmal Deep, Doctor Moose Road, Opp.Talao Pali, Near gadkari rangaytan hall, Jhambli Naka, Thane West, Maharashtra -400602
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

1. How do I improve my chances of getting a Pre-owned Car Loan from Poonawalla Fincorp?

To qualify for our second-hand car loan, ensure that you meet all the eligibility requirements. Additionally, submit the necessary documents, including KYC proof, address proof, income proof, car documents, etc., to increase your chances of securing approval for our used car loan.

2. How can I calculate EMIs for a used car loan?

You can calculate the EMI of a second-hand car loan using the following formula:

E = [P x R x (1+R) N] / [(1+R) (N-1)]

Where, P = principal loan amount

R = rate of interest (monthly)

N = number of monthly instalments (tenure)

Alternatively, you can use our Pre-owned Car Loan EMI calculator to know the EMI amount instantly.

 

3. What is the minimum work experience required for availing of Poonawalla Fincorp’s Pre-owned Car Loan?

Yes, you must fulfil the minimum work experience requirements to get our used car loan. The minimum work experience to avail of the loan depends on the loan amount:

  • For a loan amount of up to ₹10 Lakh: Minimum 1 year, with at least 3 months of experience with your current employer.
  • For a loan amount above ₹10 lakh and up to ₹75 lakh: At least 2 years, with a minimum of 6 months of employment with the current employer.