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

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
₹200000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
11%
30%

Tenure

Months
12 Months
72 Months

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 Quick
Approval
Repayment option icon Flexible
EMIs
Minimal documentation icon Minimal
Documentation
Attractive Interest Rate icon Attractive
Interest Rate

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

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.

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.

Our used car loan comes 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

  • SUVs/MUVs 
  • Hatchbacks 
  • Sedans 
  • Electric cars 
  • Premium cars 
  • Crossovers 
  • Firms or Companies 
  • Salaried Employees  
  • Self-employed Individuals  
  • 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 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

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 

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.  

 

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