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 Mysore Instantly

Mysore, known as the cultural capital of Karnataka, has several industries, such as textiles, chemicals, rice mills, automobiles, etc. Travel with ease and comfort in this city in your own car. Get a hassle-free Pre-owned Car Loan from Poonawalla Fincorp with flexible EMIs and no hidden charges.

Avail of a loan of up to ₹75 Lakh with competitive interest rates, loan of up to 100% of the car’s value and instant approval. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Attractive
Interest Rate
Minimal
Documentation
No Hidden
Charges
Instant
Disbursal
Flexible
Tenure

Pre-owned Car Loan EMI Calculator

Plan your monthly payments with our easy-to-use EMI calculator. Enter the loan amount, interest rates and tenure to know your EMIs 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 Used Car Loan in Mysore

Our eligibility criteria depend on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail

Documents Required for Pre-owned Car Loan in Mysore

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 Mysore

Avail of a second-hand car loan with attractive 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 You Can Buy with a Used Car Loan

  • Luxury cars
  • Sedans
  • Hatchbacks
  • MPVs
  • SUVs
  • Electric vehicles

Who Can Get a Pre-owned Car Loan in Mysore

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

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria
  • Finalise the loan amount based on your requirements
  • Check your credit score
  • Keep the required documents handy
  • Avoid applying for the loan multiple times

Poonawalla Fincorp Branch Address in Mysore

Poonawalla Fincorp Limited
Address:2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009
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 are the KYC documents for a self-employed individual to avail of a Pre-owned Car Loan?

A self-employed individual needs to submit:

  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
2. Do I need to pledge any assets to apply for a second-hand car loan in Mysore?

No, you are not required to pledge any additional assets when applying for a second-hand car loan from Poonawalla Fincorp. The car you purchase acts as collateral.

3. Do I have to submit bank statements when applying for a used car loan in Mysore?

Yes, you must submit bank statements when applying for a used car loan in Mysore. If you are a salaried individual, you must provide your salary account statement for the last 3 months. On the other hand, a self-employed professional or a firm/company needs to submit bank statements for the last 6 months.