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

Pre-owned Car Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Just enter the loan amount, interest rate and tenure to view the results 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
ho hidden charges icon No Hidden
Charges
quick approval icon Quick
Approval
Flexible repayment icon Flexible Repayment Tenure
online application icon Online
Application Process
Interest rate icon Competitive
Interest Rate

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. 

Submit just a few documents to avail of a second-hand car loan:

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

Click to know more about the necessary documents in detail.

We offer a used car loan with attractive 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

  • SUVs 
  • Sedans 
  • Hatchbacks 
  • Crossovers 
  • Luxury cars 
  • MPVs 
  • Firms or Companies 
  • Salaried Individuals 
  • Self-employed Individuals 
  • Maintain a healthy credit score 
  • Check the eligibility criteria 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp’s Chennai Branch 

Address: 2nd Floor, The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai, Tamil Nadu-600017 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Poonawalla Fincorp’s Coimbatore Branch 

Address: 6th Floor, Classic Towers, Trichy Road, Coimbatore, Tamil Nadu-641018 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Poonawalla Fincorp’s Madurai Branch 

Address: No. 12A, 4th Floor, ATP Tower, Bypass Road, Madurai, Tamil Nadu-625016 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Poonawalla Fincorp’s Salem Branch 

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)

Poonawalla Fincorp’s Trichy Branch 

Address: Office No. 2, 3rd Floor, Ray Towers, Vadavoor Salai, 9th Cross, Thillainagar, Trichy, Tamil Nadu-620018 

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

You can increase your chances of getting our used car loan by maintaining a credit score of 750 and above, reducing your debt-to-income ratio, making a larger down payment, etc. 

We offer flexible repayment options for our used car loan with tenures ranging from 12 to 72 months. 

The lowest possible EMI for our second-hand car loan starts from ₹1,903 for a loan amount of ₹2 Lakh, an interest rate of 11%* p.a. and a loan tenure of 72 months.