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

Get a Quick Pre-owned Car Loan in Palakkad

Palakkad, otherwise known as Palghat, is known for its temples, scenic landscapes, festivals and historical significance. Buy the car of your choice in this city and enjoy a hassle-free commute with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with attractive interest rates, no hidden charges, minimal paperwork and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
Attractive
Interest Rate
Flexible
Tenure
Minimal Documentation
Swift
Approval
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Make use of our EMI calculator to plan your monthly repayments. Simply enter the loan amount, interest rates and tenure to know your EMIs 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
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 Palakkad

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 a Pre-owned Car Loan in Palakkad

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 Palakkad

Poonawalla Fincorp offers a used car loan at attractive 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

Different Cars You Can Buy With a Used Car Loan

  • Premium cars 
  • Sedans  
  • SUVs 
  • Hatchbacks 
  • Electric Vehicles 
  • MUVs 

Who Can Get a Pre-owned Car Loan in Palakkad

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

Tips for a Successful Used Car Loan Application 

  • Check the eligibility criteria before applying for the loan 
  • Maintain a credit utilisation ratio of up to 30% 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Palakkad 

Poonawalla Fincorp Limited

Address: 1st Floor, KAV Center, Chandranagar, Palakkad, Kerala- 678014.

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

Is having a 750+ credit score necessary to get Poonawalla Fincorp’s second-hand car loan in Palakkad?

Yes, having a credit score of 750 or above will allow you to access lower interest rates and favourable loan terms on your used car loan.  

What things should I check before choosing a used car loan?

Before deciding to finance the purchase of your car using a second-hand car loan, check your credit score, car’s market value and condition, eligibility criteria, documents required, terms and conditions, etc.  

 

What income documents should a self-employed professional submit to get Poonawalla Fincorp’s used car loan?

A self-employed professional should submit: 

  • Income tax returns for the last 2 years 
  • Profit/Loss statement and balance sheet for the last 2 years 
  • GST Returns