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

Pre-owned Car Loan EMI Calculator

Calculate your monthly instalments using our online EMI calculator. Enter your loan amount, interest rate, and tenure in the calculator to get results instantly. Calculate 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
quick application Quick Application
Process
Interest rate icon Attractive
Interest Rate
minimal paperwork icon Minimal
Paperwork
repayment icon Flexible Repayment Tenure
zero hidden charges icon Zero Hidden
Charges

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 a second-hand car loan differ based on whether you are a salaried individual, self-employed or a firm/company depending on aspects like:

  • Age Limit
  • Citizenship
  • Work Experience
  • Business Vintage

Click to know more about our eligibility criteria in detail. 

Get a second-hand car loan with minimal documentation:

  • KYC Documents
  • Financial Documents
  • Bank Statements
  • Bank Statements
  • Car Documents

Click to know more about the documentation in detail. 

We offer a used car loan at competitive interest rates and minimal 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

  • Sedans 
  • Hatchbacks 
  • Premium cars 
  • SUVs 
  • Electric vehicles 
  • MPVs 
  • Salaried individuals 
  • Companies or firms 
  • Self-employed individuals  
  • Fill out your application carefully  
  • Apply for a loan amount within your means 
  • Meet all the eligibility criteria  
  • Keep your CIBIL score above 750 
  • Gather the necessary documents 
  • Lower your current liabilities before applying 

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

You can calculate your EMIs using our free EMI calculator. Simply enter your loan amount, the interest rate, and the loan tenure. Our EMI calculator will display the monthly instalment amount instantly and accurately. 

You can apply this loan by meeting our eligibility criteria regarding age, income, employment, etc., and submitting the required documents. In addition, you should repay your bills on time and maintain a low credit utilisation ratio (below 30%), among other practices. This helps you get a used car loan on favourable terms. 

You can secure a maximum loan amount of ₹75 Lakh from Poonawalla Fincorp to buy a used car of your choice. However, you must meet the eligibility criteria and several factors, such as monthly income and credit score, to get this amount.