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

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our user-friendly EMI calculator. Just enter the loan amount, tenure and interest rate to know your EMIs instantly. 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
interest rate icon Attractive
Interest Rate
Online application icon Online
Application Process
Minimal documentation icon Minimal
Documentation
No hidden charges icon No Hidden
Charges
Swift approval icon Swift
Approval

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 differ depending on whether you are salaried, self-employed or a firm/company and on other aspects like:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail.

Submit 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.

Access instant funds with our used car loan at competitive 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

  • Sedans
  • EVs
  • SUVs
  • Hatchbacks
  • MUVs
  • Crossovers

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

  • Understand the eligibility criteria before applying for the loan
  • Borrow only what you need
  • Check your credit score
  • Keep the required documents ready
  • Avoid multiple loan applications

Poonawalla Fincorp Limited

Address: 2nd Floor, SCO 32, sector 11, Panipat, Haryana-132103

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

Prepaying your used car loan helps to reduce your total borrowing costs and monthly repayments. Furthermore, it increases your credit score over time.

Before applying for a used car loan, you should check your credit score, market value and condition of the car, eligibility criteria, fees and charges, documents required and other terms and conditions of the loan.

A salaried individual needs to submit:

  • Aadhaar Card
  • PAN Card
  • Driving License
  • Passport
  • Voter ID