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 Patiala Instantly

Patiala is known as the land of Maharajas and is popular for its palaces, museums, forts, music and traditional clothing. Explore the city and its surrounding regions by purchasing a car with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with flexible EMIs. Benefit from our competitive interest rates, loan of up to 100% of the car’s value and quick approval. 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
Quick
Approval

Pre-owned Car Loan EMI Calculator

Use our online EMI calculator to plan your monthly repayments. Enter the loan amount, interest rate and tenure to get the EMI amount instantly. Calculate now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹ 17,676
Principal Amount
₹ 2,00,000
Interest Payable
₹ 12,115

Loan Amount

₹ 2,00,000
₹ 75,00,000

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 Patiala

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 Patiala

Upload 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 Patiala

Poonawalla Fincorp offers a used car loan at competitive interest 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

  • Hatchbacks
  • Luxury cars
  • Sedans
  • MPVs
  • SUVs
  • Electric vehicles

Who Can Get a Pre-owned Car Loan in Patiala

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

Tips for a Successful Used Car Loan Application

  • Keep your credit score above 700
  • Frequently check your credit report for discrepancies
  • Lower your credit utilisation ratio
  • Opt for a car with insurance
  • Add a co-signer or co-borrower to the application
  • Lower your existing debts

Poonawalla Fincorp Branch Address in Patiala

Poonawalla Fincorp Limited
Address: Ground Floor, Plot/SCO 134, Choti Bardari, Patiala, Punjab-147001
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

Are there any pre-closure options for Poonawalla Fincorp's second-hand car loan?

Yes, there are prepay or foreclose if you planning to close your loan early.  

What is the impact of your credit score on deciding the terms of your used car loan?

Your credit score influences the interest rate and loan terms of your used car loan. If you have a credit score of 750 and above, you have a higher chance of getting better terms and conditions on your second-hand car loan.

Do I need to pledge assets when applying for Poonawalla Fincorp’s used car loan?

No, you do not have to pledge additional assets when applying for our second-hand car loan. The car you purchase through our loan acts as collateral.