Get a Used Luxury Car Loan Online
Owning a luxury car is a cherished dream for many Indians due to its superior performance, stylish design, comfort and overall appeal. However, as these vehicles usually come at a premium, purchasing a luxury car is not easy. Fortunately, you can realise your dream of becoming a luxury car owner with a Pre-owned Car Loan. Avail of a loan of up to ₹75 Lakh with flexible EMIs and minimal paperwork.
Poonawalla Fincorp, a trusted financial brand, offers a Pre-owned Car Loan for used luxury cars with attractive interest rates, a loan of up to 100% of the car’s value and quick approval. Apply now!
Why Choose Poonawalla Fincorp
Pre-owned Car Loan EMI Calculator
Plan your monthly repayments with our user-friendly calculator. Just enter the loan amount, interest rate, and tenure to view your EMI instantly. Try it now!
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.
Eligibility Criteria for a Pre-owned Car Loan for Used Luxury Cars
Although the eligibility criteria for availing of a loan for a used luxury car loan depend on whether you are salaried, self-employed or an established firm/company, here are some of the main details:
- Age limit:
- For salaried employees: 24-60 years
- For self-employed individuals: 24-65 years
- For a proprietor, partner or director of a firm/company: At least 24 years
- Nationality: Indian
- Work experience (for salaried):
- Loan amount of up to ₹10 Lakh: At least 3 months in current employment with total work experience of 12 months
- Loan amount of ₹10 Lakh to ₹75 Lakh: At least 6 months in current employment with total work experience of 24 months
- Business vintage (for self-employed):
- Loan amount of up to ₹10 Lakh: Minimum 24 months in current business
- Loan amount of ₹10 Lakh to ₹75 Lakh: Minimum 36 months in current business
- Business vintage (for firm or company): Should be in the same business for at least 2 years
Click to know more about our eligibility criteria in detail.
Documents Required for a Pre-owned Car Loan for Used Luxury Cars
Submit the required documents to avail of our Pre-owned Car Loan based on whether you are salaried, self-employed or an established firm/company:
- Car Documents
- Identity Proof
- Address Proof
- Income Proof
- Bank Account Statement
Click to know more about the necessary documents in detail.
Interest Rate and Charges for a Used Luxury Car Loan
Poonawalla Fincorp offers a Pre-owned Car Loan for used Luxury cars at attractive interest rates and nominal charges:
4% if paid from other sources
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
Who Can Get a Used Luxury Car Loan
● Salaried Individuals
● Self-employed Professionals
● Firms/Companies
Tips for a Successful Pre-owned Car Loan Application
● Check your credit score
● Borrow only what you need
● Fulfil the eligibility criteria
● Keep the necessary documents handy
● Avoid multiple loan applications
● Consider a co-applicant to strengthen your application
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
Yes, you can prepay or foreclose the loan amount for your second-hand car loan anytime during the loan tenure. If you foreclose the loan using your own funds, you don’t have to pay any charges. However, a 4% fee plus taxes is applicable if you foreclose the loan using other fund sources.
The lowest EMI for our second-hand car loan starts from ₹1,903 for a loan amount of ₹1 Lakh, an interest rate of 11%* p.a. and a loan tenure of 72 months.
Poonawalla Fincorp offers quick approval and instant disbursal for second-hand car loans, provided you have fulfilled the eligibility criteria and submitted the relevant documents.