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 using our online EMI calculator. Enter the loan amount, interest rate, and tenure for instant results. 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 Up to 100%
of Car’s Value
swift approval icon Swift
Approval
zero hidden charges icon No Hidden
Charges
Online Application icon Online Application
Minimal documentation icon Minimal
Documentation
Attractive Interest Rate icon Competitive
Interest Rate

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

The eligibility criteria for Poonawalla Fincorp’s used car loan depend 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.

Upload just a few documents to apply for 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.

We offer a used car loan at attractive interest rates and nominal charges:

Interest Rate
11%* p.a. onwards 
Loan Amount
₹2 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 2% plus applicable taxes
Lowest EMI Per Month
Starting from ₹1903* per Lakh for 72 months
Loan Tenure
12 – 72 Months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
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

  • Luxury cars 
  • Electric cars 
  • Crossovers 
  • Hatchbacks 
  • Sedans 
  • SUVs/ MUVs 
  • Self-employed Individuals  
  • Salaried Employees  
  • Firms or Companies 
  • Fulfil the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications  

Poonawalla Fincorp Limited

Address: Office No. 3044 to 3048, 3rd Floor, Currency Tower, VIP Road Chowk, Near Ram Mandir, Raipur, Chhattisgarh -492001

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

Yes, you have the option to prepay or foreclose your used car loan at any time during the loan tenure. If you pre-close your used car loan using your own funds, you don’t have to pay any charges. However, a 4% fee plus taxes is applicable if you pre-close your loan using other fund sources. 

Yes, our application process for a used car loan is fully digital. You do not have to visit the nearest branch to apply for our loan. Instead, you can complete the application process on our website and upload the necessary documents.  

 

Before applying for a Pre-owned Car Loan, you should make a proper repayment plan using our EMI calculator. Missing even a single instalment can have a negative effect on your finances and credit score. Hence, you should budget your income and expenses properly and download the repayment schedule using the EMI calculator.