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 know your monthly repayments. Slide the bar to enter the loan amount, tenure and interest rate. 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
Instant disbursal icon Instant
Disbursal
Minimal documentation icon Minimal
Documentation
Attractive Interest Rate icon Attractive
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

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 the 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.

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh to ₹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

  • Electric vehicles 
  • Premium cars 
  • Hatchbacks 
  • Sedans 
  • Crossovers 
  • SUVs/MUVs 
  • Salaried Employees  
  • Self-employed Individuals  
  • Firms or Companies 
  • Check the eligibility criteria 
  • Borrow only what you need 
  • Maintain a credit utilisation ratio of up to 30% 
  • Check your credit score 
  • Keep the required loan documents ready 
  • Avoid multiple loan applications 

Address: 2nd Floor, Vijay Villa, Opp. Sonali Apartment, behind Vijan Hospital, Above B&B Studio, Vise Mala, College Road, Nashik, Maharashtra-422005 

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

Yes, you can prepay your loan. However you will be cahred a 4% and applicable charges when you repay your loan. 

If you apply for our used car loan with a low credit score, your loan application may not get approved. Having a credit score of 750 and above improves your chances of availing of a used car loan at lower interest rates and better terms.  

 

A firm or company should be in the same business for at least 2 years to become eligible to apply for our Pre-owned Car Loan.