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

Avail of a Pre-owned Car Loan in Panipat Instantly

Panipat, the 'City of Weavers', is renowned for its historical significance and manufacturing industries like handloom weaving, glass, electric appliances, etc. Purchase a car in this city with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with attractive interest rates, minimal paperwork, a loan of up to 100% of the car’s value and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

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

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
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 Panipat

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.

Documents Required for a Pre-owned Car Loan in Panipat

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.

Interest Rate and Charges for a Used Car Loan in Panipat

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

Different Cars You Can Buy with a Used Car Loan

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

Who Can Get a Pre-owned Car Loan in Panipat

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

Tips for a Successful Used Car Loan Application

  • 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 Branch Address in Panipat

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

What is the benefit of prepaying my second-hand car loan?

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

What are the things I should check before applying for a used car loan?

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.

What KYC documents should a salaried individual submit for Poonawalla Fincorp’s used car loan?

A salaried individual needs to submit:

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