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 Meerut With Minimal Paperwork

Meerut is popularly known as the 'Sports City of India' because of its thriving sports goods industry. It is also an important commercial hub in Uttar Pradesh with industries like electronic goods, sugar, etc. Buy your own car in this city for a hassle-free commute with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our competitive rates, a loan of up to 100% of the car’s value and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
No Hidden
Charges
Quick
Approval
Flexible
EMIs
Minimal
Documentation
Attractive
Interest Rate

Pre-owned Car Loan EMI Calculator

Use our online EMI calculator to plan your monthly repayments. Simply 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 a Pre-owned Car Loan in Meerut

The eligibility criteria for Poonawalla Fincorp’s used car loan depend 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 Meerut

Provide just a few documents to qualify for our 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 Meerut

Our used car loan comes with 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 Cars to Buy With a Second-hand Car Loan in Meerut

  • SUVs/MUVs 

  • Hatchbacks 

  • Sedans 

  • Electric cars 

  • Premium cars 

  • Crossovers 

Who Can Get a Pre-owned Car Loan in Meerut

  • Firms or Companies 

  • Salaried Employees  

  • Self-employed Individuals  

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 ready 

  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Meerut

Poonawalla Fincorp Limited

Address: 2nd Floor, Corpo Tower, Plot-309/1, Mangal Pandey Nagar, Meerut, Uttar Pradesh-250004

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

1. What KYC documents does a company or firm need to apply for a used car loan from Poonawalla Fincorp?

Submit just a few documents to apply for our second-hand car loan: 

  • Firm/GST registration certificate (If applicable) and other applicable registration documents 

  • KYC of Partners: Aadhaar Card, Voter ID, Driving License or Passport 

2. How can I get Poonawalla Fincorp's used car loan at favourable terms?

You can get our used car loan at competitive interest rates and favourable loan terms by maintaining a credit score of 750 or more. To maintain a high credit score, ensure that you repay your debts on time, maintain a credit utilisation ratio below 30%, review your credit report for inaccuracies, etc.  

 

3. Do I have to provide bank statements as a salaried person to apply for a second-hand car loan in Meerut?

Yes, you must submit the salary account statements for the past 3 months to apply for Poonawalla Fincorp’s used car loan.