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

Get a Pre-owned Car Loan in Ranchi Online

Ranchi, known as the city of waterfalls, is a major industrial hub in Jharkhand with several mineral-based industries. Purchase your favourite car in this city to ensure hassle-free travel with a Pre-owned Car Loan from Poonawalla Fincorp. Access instant funds with a loan of up to ₹75 Lakh with minimal paperwork and instant disbursal. Benefit from our attractive 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
Competitive
Interest Rate
Minimal
Documentation
Flexible Repayment Tenure
No Hidden
Charges
Swift
Approval

Pre-owned Car Loan EMI Calculator

Use our online EMI calculator to plan your monthly repayments. Simply enter the loan amount, interest rate and tenure to know your EMIs 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 Ranchi

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 Ranchi

Provide 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 of a Used Car Loan in Ranchi

Avail of our second-hand 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

  • Sedans
  • Hatchbacks
  • MUVs
  • SUVs
  • Crossovers
  • Premium cars

Who Can Get a Pre-owned Car Loan in Ranchi

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

Tips for a 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 handy
  • Avoid applying for multiple loans

Poonawalla Fincorp’s Branch Address in Ranchi

Poonawalla Fincorp Limited

Address: Office No.401, 4th Floor, Samriddhi Square, Kishoreganj Chowk, Ranchi, Jharkhand – 834001
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 penalties for defaulting on your used car loan repayment?

Yes, if you miss the EMI payment for your used car loan, a penalty of 24% p.a. + taxes is applicable on the overdue amount. Defaulting on your monthly payments will also have an adverse impact on your credit score.

How can I reduce the EMI on my second-hand car loan?

You can reduce the EMI of your used car loan by opting for a longer tenure, reducing your loan amount, or paying a higher down payment amount.

What is the minimum experience required for self-employed individuals to apply for a used car loan?

The minimum experience for self-employed individuals applying for our used car loans depends on the loan amount:

  • For a loan amount of up to ₹10 Lakh: At least 24 months in the current business.
  • For a loan amount above ₹10 Lakh and up to ₹75 Lakh: At least 36 months in the current business.