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 EMIs using our free-to-use EMI calculator. Enter the loan amount, interest rate, and tenure for instant 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 Up to 100% of
Car’s Value
Online application icon Online Application
Interest rate icon Attractive
Interest Rate
Minimal documentation icon Minimal
Paperwork
flexible repayment icon Extended Repayment
Term
No hidden charges icon Zero 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
  • Citizenship
  • Work Experience
  • Business Vintage

Click to know more about our eligibility criteria in detail

Qualify for our loan by meeting minimal paperwork requirements:

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

Click to know more about the documentation in detail

Secure 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 
  • Crossovers 
  • Electric vehicles 
  • Premium vehicles 
  • Firms or companies 
  • Salaried employees  
  • Self-employed individuals  
  • Get employed at a reputable company  
  • Choose an appropriate repayment tenure  
  • Maintain a high credit score (750 recommended)  
  • Add a co-applicant to ensure approval 
  • Select a car in superior condition  
  • Submit the required documents  

Poonawalla Fincorp Limited

Address: 3rd floor, Kandakatla's Gateway, Block D, Shop No.12 & 13, No.5-11-503 & 504, KUC Cross Road, Naim Nagar, Hanamkonda, Warangal, Telangana-506009

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

To get quick approval for an old car loan, maintain a credit score of 750 or above, meet the basic eligibility criteria, such as age, income, citizenship, etc., and submit the necessary documents like KYC, income proof, address proof, car details, etc. This helps improve your chance of getting swift approval on your used car loan. 

Yes, you can purchase any car of your choice with Poonawalla Fincorp’s used car loan. There is no restriction on the type of vehicle you can purchase. However, ensure the car is in good condition.  

 

At Poonawalla Fincorp, the interest rates for a Pre-owned Car Loan starts at 11%*p.a. However, they may vary based on your financial profile.