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

Get a Flexible Pre-owned Car Loan in Pathanamthitta

Pathanamthitta is a district in Kerala which is known for its lust greenery, serene rivers, festivals, and rich cultural heritage. Own your dream car to explore the scenic beauty of this city with a Pre-owned Car Loan from Poonawalla Fincorp. Access up to 100% of your car’s value with minimal documentation and quick approval. Enjoy the benefits, such as attractive interest rates, flexible loan tenure, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Competitive
Interest Rate
Minimal
Documentation
Flexible
Tenure
Fast
Approval
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Check your monthly repayment amount using our online EMI calculator. Just enter the loan amount, interest rate, 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 Used Car Loan in Pathanamthitta

The eligibility criteria for a second-hand car loan vary based on whether you are a salaried individual, self-employed or a firm/company depending on aspects like:

  • Age Limit
  • Nationality
  • Work Experience
  • Business Vintage

Click to know more about the eligibility criteria in detail.

Documents Required for a Used Car Loan in Pathanamthitta

Submit only a few essential documents for a used car loan:

  • KYC Documents
  • Financial Documents
  • Bank Statements
  • Address Proof
  • Car Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Pre-owned Car Loan

We offer an old car loan with competitive interest rates and minimal 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. + 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 Pre-owned Car Loan

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

Who Can Get a Pre-owned Car Loan in Pathanamthitta

  • Salaried Individuals 
  • Self-employed individuals 
  • Firms or companies 

Tips for a Successful Pre-owned Car Loan Application

  • Improve your credit score 
  • Check your credit report frequently for any discrepancies 
  • Keep all the essential documents handy 
  • Carefully fill out the loan application form 
  • Fulfil the eligibility criteria for seamless application 
  • Apply for a loan amount according to your budget 

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 a Pre-owned Car Loan?

A Pre-owned Car Loan is a type of loan that allows you to buy a used car through a seamless application process. With Poonawalla Fincorp, you can opt for this car financing option to buy your dream car with a competitive interest rate over a flexible tenure. 

How can I reduce the monthly instalment amount of my used car loan?

You can reduce the monthly instalment amount of your second-hand car loan by paying a higher down payment to the car dealer and choosing a longer tenure. Furthermore, you can ask the lender to reduce the interest rate according to your budget. 

 

Is taking a used car loan a good option to buy a car?

Yes, taking this loan is a good option as it provides access to affordable financing at competitive interest rates, flexible tenure and zero hidden charges. It makes it easier to own a car without a large upfront cost.