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 Visakhapatnam Instantly

Visakhapatnam, a major tourist destination in Andhra Pradesh, is known for its beaches, mountains and cultural heritage. Bring your dream car home in this city with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp. 
Enjoy competitive rates, a loan of up to 100% of the car’s value and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car's Value
No Hidden
Charges
Swift
Approval
Flexible Repayment Tenure
Minimal
Paperwork
Attractive
Interest Rate

Pre-owned Car Loan EMI Calculator

Make use of our online EMI Calculator to know your monthly repayments. Enter the loan amount, interest rate, and tenure for instant results. Try 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 Visakhapatnam

Depending upon whether you are salaried, self-employed and firms/companies, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Income
  • Citizenship

Click to know more about our eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Vishakhapatnam

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 & Charges for a Used Car Loan in Vishakhapatnam

We offer a second-hand car loan at affordable interest rates and minimal charges:

Interest Rates
11%* p.a. onwards 
Loan Amount
₹2 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 2%
Lowest EMI Per Month
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

Different Cars You Can Buy with a Pre-owned Car Loan

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

Who Can Get a Used Car Loan in Visakhapatnam

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

Tips for a Successful Pre-owned Car Loan Application 

  • Fulfil the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Keep the required documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Vishakhapatnam

Address: Door No.10-5-/22/2/3, 2nd Floor, Varsha Tower, Waltair Main Road, Opp to WNS building, Vishakhapatnam, Andhra Pradesh-530003 

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

What is the minimum work experience required for salaried individuals to apply for Poonawalla Fincorp’s used car loan?

The minimum work experience for salaried employees applying for our second-hand car loan depends on the loan amount: 

  • For a loan amount of up to ₹10 Lakh: At least 12 months of employment stability with a minimum of 3 months with the current employer. 

  • For a loan amount above ₹10 Lakh and up to ₹75 Lakh: At least 24 months of employment stability with a minimum of 6 months with the current employer. 

Can I buy an electric vehicle with Poonawalla Fincorp’s second-hand car loan in Visakhapatnam?

Yes, you can buy a second-hand electric car with our used car loan in Visakhapatnam. We do not have any restrictions on the type of car you can buy. So, opt for an electric car in good condition to ensure a high resale value.  

 

What is the age requirement for getting a second-hand car loan from Poonawalla Fincorp?

The age criteria for our used car loan depends on whether you are salaried, self-employed or a firm/company: 

  • For salaried employees: Between 21 years (during loan application) and 60 years (at loan maturity) 

  • For self-employed professionals: Between 24 years (during loan application) and 65 years (at loan maturity) 

  • For proprietors/partners/directors of a firm or company: At least 24 years