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

Avail of a Pre-owned Car Loan in Mizoram With Flexible EMIs

Mizoram is known for its rich cultural heritage, forests, national parks and wildlife sanctuaries. Drive your favourite car in this picturesque state with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our competitive interest rates, simple eligibility criteria and swift disbursal.

Why Choose Poonawalla Fincorp

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

Pre-owned Car Loan EMI Calculator

Estimate your monthly payments with our online EMI calculator. 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
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 Mizoram

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 a Pre-owned Car Loan in Mizoram

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 documentation in detail

Interest Rate and Charges for a Used Car Loan in Mizoram

Access instant funds with our used car loan at 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. + 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

Different Cars You Can Buy With a Pre-owned Car Loan

  • SUVs
  • Sedans
  • Electric vehicles
  • Premium cars
  • Hatchbacks
  • MUVs

Who Can Get a Used Car Loan in Mizoram

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

Tips for a Successful Pre-owned Car Loan Application

  • Check the loan eligibility criteria
  • Decide the loan amount based on your requirements
  • Check your credit score
  • Maintain a lower debt-to-income ratio
  • Keep the required documents handy
  • 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

rightArrow
rightArrow

Frequently Asked Questions

How can I calculate the estimated EMI for my Pre-owned Car Loan?

You can use the EMI calculator to find the estimated monthly payments for your second-hand car loan. Entering the loan amount, tenure, and interest rate to determine your EMI instantly.

What is the minimum age to apply for a used car loan from Poonawalla Fincorp?

The minimum age to apply for our second-hand car loan is 24 years, irrespective of whether you are a salaried employee, a self-employed professional, or a proprietor/partner/director of a company or a firm. 

Do I need to provide bank statements as a salaried applicant to apply for a used car loan?

Yes, as a salaried employee, you will need to provide bank statements to apply for our second-hand car loan. Specifically, you are required to submit salary account statements for the past 3 months for proof of income.