Avail of a Pre-owned Car Loan in Salem Instantly
Salem is a major pilgrimage city in Tamil Nadu with the presence of several temples. Its economy is dependent on major industries, such as textile, steel, silver jewellery, etc. Purchase a car in this city and ensure a hassle-free daily commute with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with competitive interest rates, a loan of up to 100% of the car’s value, flexible EMIs and instant disbursal. Apply now!
Pre-owned Car Loan EMI Calculator
Make use of our online EMI calculator to plan your monthly repayments. Just enter the loan amount, tenure, and interest rates to know your EMIs. Try now!
Why Choose Poonawalla Fincorp
Loan up to 100%of Car’s Value
Attractive Interest Rate
Online Application
Simple EligibilityCriteria
No HiddenCharges
QuickApproval
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.
Our eligibility criteria 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:
- KYC Documents
- Income Proof
- Address Proof
- Car Documents
- Bank Account Statement
Click to know more about the necessary documents in detail.
Get our used car loan with competitive interest rates and nominal charges:
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
- Hatchbacks
- Sedans
- Premium cars
- SUVs
- MUVs
- Crossovers
- Self-employed Individuals
- Salaried Employees
- Firms or Companies
- Check the eligibility criteria
- Decide the loan amount based on your requirements
- Maintain a low debt-to-income ratio
- Check your credit score
- Keep the required documents ready
- Avoid multiple loan applications
Poonawalla Fincorp Limited Address: No 258/2, 2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem, Tamil Nadu-636004
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)
Happy Customers, Happy Us
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
Pre-owned Car Loan
Very professional staff knowledgeable and polite should be always a first choice to choose Poonawalla i always get gentle reminder about my due date and once payment is made love the teamwork thankyou
Thats a smooth process. It helped me getting my query resolved within fraction of seconds.
Pre-owned Car Loan
All Good Services has Provided From Poonawalla Fincorp I will Definitely Recommend the Company.
Pre-owned Car Loan
The service is very good I have received the payment at the time they were given everything is very good.
Pre-owned Car Loan
I will definitely recommend the company if someone ask or need as I have been associated with company from last 10 years
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pre owned car loan16 Oct 2025| 7 min -
pre owned car loan16 Oct 2025| 6 min
Frequently Asked Questions
Having a low credit score reduces your chances of getting a used car loan at favourable interest rates and better terms. Ensure that your credit score is 750 or above to increase your chances of getting approval on your second-hand car loan application.
The lowest EMI for our second-hand car loan is ₹1903 for a loan amount of ₹2 Lakh, with an interest rate of 11%* p.a. and a loan tenure of 72 months.
We charge a nominal processing fee of up to 2% (plus applicable taxes) for our used car loan.