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

Get a Quick Pre-owned Car Loan in Rajahmundry

Rajahmundry, the ‘cultural capital of Andhra Pradesh’, is known for its ashrams, temples, cultural heritage and tourism. Purchase your own car in this city to ensure a hassle-free commute with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. Enjoy attractive interest rates, a loan of up to 100% of the car’s value, no hidden charges and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
No Hidden
Charges
Quick
Approval
Online
Application
Minimal
Paperwork
Competitive
Interest Rate

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Simply enter the loan amount, interest rate and tenure to view the results 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 Rajahmundry

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.

Documents Required for a Used Car Loan in Rajahmundry

Submit just a few documents to qualify for a second-hand 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 Rajahmundry

We offer a used car loan with 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

Different Cars to Buy With a Used Car Loan in Rajahmundry

  • Electric Cars 
  • Crossovers 
  • Premium Cars 
  • Sedans 
  • SUVs/ MUVs 
  • Hatchbacks 

Who Can Get a Pre-owned Car Loan in Rajahmundry

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

Tips for Successful Used Car Loan Application 

  • Check the eligibility criteria 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Rajahmundry

Poonawalla Fincorp Limited

Address: 36-7-14, 2nd Floor, Konduri Square, Konduri Street, Innespeta, Rajahmundry, Andhra Pradesh-533102

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 are the main benefits of prepaying a used car loan?

By prepaying your second-hand car loan, you can reduce your overall borrowing costs and your EMIs. Additionally, you can also reduce your existing debt obligations.  

How can I get lower interest rates for Poonawalla Fincorp’s used car loan?

Become eligible to get lower interest rates on our used car loan with these steps: 

  • Maintain a credit score above 750 
  • Opt to pay a higher EMI to reduce the overall interest costs 
  • Choose a shorter loan tenure  
  • Pay a larger down payment to reduce the loan amount 
What is the penalty for missing an EMI payment for a used car loan?

If you miss an EMI payment for Poonawalla Fincorp's used car loan, a penalty of 24% p.a. + taxes is applicable on the overdue amount.