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

Pre-owned Car Loan EMI Calculator

Make use of our online EMI calculator to plan your repayment schedule. Simply enter the loan amount, tenure and interest rate to get instant results. 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 icon Quick
Approval
Quick disbursal icon Instant
Disbursal
online application icon Online Application
Process
Attractive Interest Rate icon Competitive
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

Depending upon whether you are salaried, self-employed and firms/companies, your eligibility criteria may differ based on:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail.

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 necessary documents in detail.

We offer a used car loan with attractive 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 
  • Sedans 
  • Hatchbacks 
  • Crossovers 
  • Luxury Cars 
  • Salaried employees  
  • Self-employed Individuals  
  • Firms or Companies 
  • Understand the eligibility criteria thoroughly 
  • Regularly review your credit report  
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Keep the loan documents ready 
  • Avoid multiple loan applications  

Poonawalla Fincorp Limited 

Address: 1st Floor, Om Complex, Adjacent to Axis Bank, Near Sai Hospital, Delhi Road, Moradabad, Uttar Pradesh-244001

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

By prepaying your Pre-owned Car Loan, you can reduce both your overall cost of borrowing and your EMIs. Additionally, you can also reduce your existing debt obligations.  

To secure lower interest rates on your Pre-owned Car Loan, consider these strategies: 

  • Maintain a credit score above 750 
  • Opt to pay a higher EMI to reduce the overall interest 
  • Take a shorter loan tenure to get lower interest rates 
  • Pay a larger down payment to reduce the loan amount 

 

If you miss an EMI payment for our used car loan, a 24% p.a. + taxes is applicable to the overdue amount.