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 Sonipat Instantly

Sonipat, otherwise known as Swarnprastha, has a diverse business landscape driven by industries such as bicycle manufacturing, hosiery, textiles, etc. Bring your favourite car home in this city 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

Loan up to 100%
of Car’s Value
Attractive
Interest Rate
Minimal
Documentation
Flexible
EMIs
No Hidden
Charges
Quick
Approval

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
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 Sonipat

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 Pre-owned Car Loan in Sonipat

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.

Interest Rate and Charges for a Used Car Loan in Sonipat

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

Different Cars You Can Buy With a Second-hand Car Loan

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

Who Can Get a Pre-owned Car Loan in Sonipat

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

Tips for a Successful Used Car Loan Application

  • 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 Branch Address in Sonipat

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

1. What happens if I miss the EMI payment for Poonawalla Fincorp's used car loan?

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.

2. How do I improve my chances of getting a used car loan with lower EMIs?

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.

3. Can I apply for a used car loan from Poonawalla Fincorp without submitting proof of income?

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.