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

Apply for a Pre-owned Car Loan in Meghalaya Instantly

Meghalaya, meaning ‘the abode of clouds’, is a state in North-East India known for picturesque landscapes, rich biodiversity, climate and culture. Purchase your dream car in this state with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with attractive interest rates, a loan of up to 100% of the car’s value and minimal paperwork. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
No Hidden
Charges
Quick
Approval
Flexible Repayment Tenure
Minimal
Paperwork
Competitive
Interest Rate

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with a user-friendly 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
₹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 a Pre-owned Car Loan in Meghalaya

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 Meghalaya

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 our necessary documents in detail.

Interest Rate and Charges for a Used Car Loan in Meghalaya

We offer a Pre-owned Car Loan 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 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 You Can Buy With a Pre-owned Car Loan

  • Sedans 

  • SUVs/ MUVs 

  • Crossovers 

  • Premium cars 

  • Hatchbacks 

  • Electric cars 

Who Can Get a Pre-owned Car Loan in Meghalaya

  • Salaried employees  

  • Firms or companies 

  • Self-employed individuals

Tips for Successful Used Car Loan Application 

  • Check the eligibility criteria 

  • Decide the loan amount based on your requirements 

  • Check your credit score 

  • Opt for a higher down payment 

  • Keep the required documents ready 

  • Avoid multiple loan applications 

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 I purchase a crossover with Poonawalla Fincorp’s used car loan in Meghalaya?

Yes, you can purchase a crossover with our second-hand car loan. There are no restrictions on the type of car and model you can buy with our Pre-owned Car Loan.  

Is the application process completely online for Poonawalla Fincorp’s used car loan?

Yes, the entire application process for our used car loan is 100% digital. You do not have to visit the nearest branch to apply for our loan. Instead, you can complete the application process on our website and upload the required documents.  

What is the age requirement for getting Poonawalla Fincorp’s used car loan?

The age criteria for our used car loan differs for a salaried employee, a self-employed individual and a firm/company: 

  • For salaried employees: Between 21 and 60 years  

  • For self-employed professionals: Between 24 and 65 years  

  • For proprietors/partners/directors of a firm or company: At least 24 years