Get Top Up On Your Existing Used Car Loan
Getting a Top-Up on Used Car Loan is beneficial for you as there is minimal process involved. As an existing customer, you don’t need to follow the entire documentation process since you are already an existing borrower with us. This minimises the overall time taken for loan approval and disbursal.
You can get a top-up on your existing used car loan of up to 200% of its value. To avail of a used car loan top-up, you need to maintain a clear payment record of at least 9 months. With Poonawalla Fincorp’s Used Car Loan Top Up, you can enjoy several benefits, such as a high loan amount of up to ₹75 Lakh with minimal documentation and no hidden charges. Apply now to enjoy your Used Car Loan Top-up.
Check Monthly EMI For Used Car Loan After Top-Up
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EMI Amount = *
Schedule Of Charges & Other Features Of Used Car Loan Top-Up
| Pre-Owned Car Loan Interest Rates | 11% p.a onwards |
| Loan Amount | ₹1 Lakh - ₹75 Lakhs |
| Loan Processing Fees | Up to 1% 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% of the outstanding loan amount plus taxes if paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
How To Apply For A Top-Up On Old Car Loan?
You can apply for a top up on old car loan by following these three simple steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Advantages Of a Top-Up On Existing Used Car Loan
You can enjoy the advantages of a Top-Up on an existing Used Car Loan:
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High-value sanction for purchase
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Flexible loan tenure
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Competitive interest rate & charges
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Online loan application in few steps
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Minimal documentation
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Quick loan processing
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Swift approvals
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100% transparency with no hidden charges
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Customized Pre-Owned Car Loan for easy loan planning
Eligibility Criteria For Top-Up Used Car Loan
You need to meet the basic used car loan eligibility criteria for a Top-Up used car loan as mentioned below:
Age
Work Experience
Income
Indian Citizen
Documents Required For Top-Up Used Car Loan
For Top-Up Used Car Loan, you need to submit minimal documentation mentioned below:
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KYC documents
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Financial/Income documents
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Ownership and Insurance documents
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Address proof documents
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Bank Statement
Apply For Old Car Loan Top-Up Online In 4 Easy Steps
Apply
Online
Apply Online
Click on ‘Apply Now’ and provide your contact details and loan details
Personal
Details
Personal Details
Enter your DOB, Qualification and other necessary details
Employment & Car
Details
Employment & Car Details
Enter your employment details, car details (if car is finalized) and submit the form
Verification
Verification
Application will then proceed for verification and assessment
Frequently Asked Questions About Used Car Loan Top Up Facility
You can get a top-up on an existing Second-Hand Car Loan by visiting our official website of Poonawalla Fincorp, and please follow the below-mentioned steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Our interest rate on top-up on a used car loan starts at 11%* p.a.
You can get a used car loan top-up to manage your additional financial requirement for any existing used loan requirement, such as upgrading to a new car.
You can get a Used Car Loan Top-Up for sedans, luxury cars, SUVs, hatchbacks, and electric cars. You can get a top-up on your existing Used Car Loan of up to 100% of its value.
A CIBIL score of 700 or more is required for a Used Car Loan Top-Up.
Yes, you do require vehicle verification for a top-up on exisitng loan.
For Used Car Loan Top-Up, you can avail of a maximum loan amount up to ₹75 Lakh.
*Terms & Conditions Apply
