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 Malappuram Instantly

Malappuram is a city in Kerala known for its historical significance, scenic landscape, festivals and industries, such as textile, rubber, wood, etc. Welcome your dream car home with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with minimal paperwork. Enjoy competitive rates, a 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
Quick
Approval
Online Application
Process
Minimal
Documentation
Attractive
Interest Rate

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments effectively using our online EMI calculator. Slide the bar to enter the loan amount, tenure and interest rate to get instant results. 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
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 Malappuram

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 the eligibility criteria in detail

Documents Required for Pre-owned Car Loan in Malappuram

Upload 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 Pre-owned Car Loan in Malappuram

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 You Can Buy with a Pre-owned Car Loan

  • Luxury cars 
  • Sedans 
  • SUVs 
  • Hatchbacks 
  • Crossovers 

Who Can Get a Pre-owned Car Loan in Malappuram

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

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Malappuram

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.) 

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

Can self-employed individuals in Malappuram get a used car loan from Poonawalla Fincorp?

Yes, self-employed individuals can avail of our second-hand car loan provided they meet the eligibility criteria and submit the necessary documents for loan approval. 

Does a firm or company have to submit bank account statements to apply for a Pre-owned Car Loan from Poonawalla Fincorp?

Yes, a company or firm has to provide the bank account statements of the last 6 months to apply for a used car loan. 

 

Can you use Poonawalla Fincorp’s second-hand car loan to pay the entire cost of a pre-owned car?

Yes, you can use our Pre-owned Car Loan to pay the entire cost of a used car, as we offer up to 100% of your car's purchase value as a loan.