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

Obtain a Pre-owned Car Loan in Rajkot Instantly

Rajkot, a cultural hub in Gujarat, is famous for traditional handicrafts, temples, cuisine, and industries, such as jewellery, silk embroidery, textiles, etc. Purchase a car in this city for an easy commute with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with flexible EMIs and minimal paperwork. Enjoy competitive rates, a 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
Competitive
Interest Rate
Online
Application
Minimal Documentation
No Hidden
Charges
Swift
Approval

Pre-owned Car Loan EMI Calculator

Estimate your monthly repayments using our EMI calculator. Slide the bar to enter the loan amount, interest rate, and tenure to know your EMIs. 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 Pre-owned Car Loan in Rajkot

The eligibility criteria for a used car loan from Poonawalla Fincorp 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 Rajkot

Provide just a few documents:

  • KYC Documents
  • Address Proof
  • Income Proof
  • Car Documents
  • Bank Account Statement

Click to know more about the necessary documents in detail.

Interest Rate and Charges for a Pre-owned Car Loan in Rajkot

We offer a used car loan in Rajkot at 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. 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 to Buy with a Used Car Loan in Rajkot

  • Electric Vehicles 
  • Crossovers 
  • Premium vehicles 
  • SUVs/ MUVs 
  • Sedans 
  • Hatchbacks 

Who Can Get a Pre-owned Car Loan in Rajkot

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

Tips for a Successful Used Car Loan Application 

  • Check the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Keep the necessary documents ready 
  • Frequently check your credit report for inaccuracies 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Rajkot

Poonawalla Fincorp Limited

Address: Office No.306, 3rd Floor, Twin Star, South Block, Near Silver Height, Nana Mawa Chowk, 150 Ring Road, Rajkot, Gujarat-360005

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 types of cars can I opt for with Poonawalla Fincorp’s used car loan?

You can purchase any type of car with our second-hand car loan. There are no restrictions on the type or brand of car model you can buy. You can pick a pre-owned sedan, hatchback, crossover, electric car, or any other type of car.  

Do foreclosure/prepayment charges apply to the second-hand car loan?

Yes, foreclosure/prepayment charges apply when you pay off the loan.  

 

What repayment options are available for Poonawalla Fincorp’s used car loan?

You can repay the EMIs of your second-hand car loan via the auto-debit method directly from your bank account through the National Automated Clearing House (NACH).