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

Pre-owned Car Loan EMI Calculator

Make use of our online EMI calculator to know your monthly repayments. Enter the loan amount, interest rates and tenure to know your EMIs instantly. Try it 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 Loan up to 100%
of Car’s Value
interest rate icon Attractive
Interest Rate
Minimal documentation icon Minimal
Documentation
flexible emi icon Flexible
EMIs
No hidden charges icon No Hidden
Charges
quick approval Quick
Approval

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

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.

Upload 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.

Avail of a used 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% 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

  • Sedans
  • Hatchbacks
  • SUVs
  • MUVs
  • EVs
  • Premium cars

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

  • Check your eligibility criteria
  • Reduce your credit utilisation ratio to 30%
  • Borrow only what you need
  • Check your credit score
  • Keep the required documents handy
  • Avoid multiple loan applications

Poonawalla Fincorp Limited
Address:2nd Floor, R Square, Agarsen Chowk, Rajeev Colony, Sonipat, Haryana-131001
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

In case you miss an EMI payment for Poonawalla Fincorp's used car loan, a penalty of 24% p.a. + taxes is chargeable on the overdue amount. Your credit score will also likely drop as a result of a missed EMI payment.

You can avail of a second-hand car loan with low EMIs by maintaining a credit score of 750 and above, reducing your debt-to-income ratio, making a larger down payment, etc.

No, you cannot avail of our Pre-owned Car Loan without providing income proof. The income documents help us determine whether you have a stable income and whether you can repay the loan. These documents are different for salaried employees, self-employed individuals and firm/company.