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 repayment obligations using our online EMI calculator. Enter the loan amount, interest rate, and tenure for results. Calculate 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
Attractive interest rate icon Attractive Interest Rate
Online application icon Online Application
Minimal documentation icon Minimal
Paperwork
Repayment icon Flexible
Repayment Tenure
no hidden charges icon No Hidden
Fees

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

The eligibility criteria for a second-hand car loan differ based on whether you are a salaried individual, self-employed or a firm/company depending on aspects like:

  • Age Limit
  • Nationality
  • Work Experience
  • Business Vintage

Click to know more about our eligibility criteria in detail

Avail of a second-hand car loan with minimal documentation:

  • KYC Documents
  • Financial Documents
  • Bank Statements
  • Address Proof
  • Car Documents

Click to know more about the necessary documents in detail

Secure a 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

  • SUVs/ MUVs
  • Sedans
  • Electric vehicles
  • Hatchbacks
  • Crossovers
  • Premium vehicles

  • Firm/Company
  • Self-employed individuals
  • Salaried employees

  • Meet the minimal documentation requirements
  • Maintain a credit score of 750 or above
  • Choose a shorter repayment tenure
  • Add a co-signer or co-applicant
  • Rectify errors in your credit report
  • Understand the loan terms properly

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

Yes, you need to provide a salary account statement for the past 3 months to apply for a used car loan. On the other hand, self-employed individuals, firms or companies are required to present their bank statements for the last 6 months.

Yes, you can purchase a second-hand electric car with a used car loan from Poonawalla Fincorp. As there are no specific restrictions on the type of vehicle model, you can choose any brand or model that ticks off all your driving requirements.

With Poonawalla Fincorp, you can get up to 100% of your car’s value. You can request a loan amount of up to ₹75 Lakh! With a credit score of 750 or above, alongside a stable repayment history, you can opt for the desired amount to meet the cost of your car.