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

Secure a Pre-owned Car Loan in Nellore Instantly!

Nellore, a city based in Andhra Pradesh, is famous for its temples, local cuisine, handcrafted jewellery, handloom and textile industries. Bring your favourite car home in this city with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with attractive interest rates, a loan of up to 100% of the car’s value, flexible EMIs and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Swift
Approval
No Hidden
Charges
Minimal
Paperwork
Online Application
Process
Attractive
Interest Rate

Pre-owned Car Loan EMI Calculator

Use our online EMI calculator to know your monthly repayment. Enter the loan amount, interest rate, and tenure. 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 Nellore

Our eligibility criteria differ depending on whether you are salaried, self-employed or a company/firm and on 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 Nellore

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 and Charges for a Used Car Loan in Nellore

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% 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 Pre-owned Car Loan

  • Premium vehicles 
  • Sedans 
  • Crossovers 
  • Hatchbacks 
  • Electric vehicles 
  • SUVs/ MUVs 

Who Can Get a Used Car Loan in Nellore

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

Tips for a Successful Pre-owned Car Loan Application 

  • Check the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Avoid applying for the loan multiple times 
  • Check your credit report for errors  
  • Keep the required documents handy 

Poonawalla Fincorp Branch Address in Nellore

Poonawalla Fincorp Limited

Address: 4th floor, Sri Chamundeswari Plaza,House no.24/2/418, Saraswathi Nagar, Dargamitta, Nellore, Andhra Pradesh-524003

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

Can I opt for a longer loan tenure to repay my Poonawalla Fincorp’s used car loan?

Yes, you can choose a longer tenure to repay our second-hand car loan. Opt for a tenure between 12 - 72 months based on your repayment capacity. 

Do prepayment or foreclosure charges apply for a second-hand car loan if I prepay the loan from other sources?

Yes, a 4% charge is applicable on the outstanding loan amount (plus taxes) if you prepay or foreclose a loan through other sources. However, if you prepay the loan using your own sources of income, you don’t have to pay any prepayment or foreclosure fees.  

 

Can I use Poonawalla Fincorp’s second-hand car loan to buy an electric vehicle?

Yes, you can use our second-hand car loan in Nellore to purchase a second-hand electric vehicle.