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 Ahmedabad

Ahmedabad, the former capital of Gujrat, is one of the largest cities in India. Drive your own car on the open roads of Ahmedabad without breaking the bank! Get a Pre-owned Car Loan in Ahmedabad from Poonawalla Fincorp.

Enjoy a high loan amount of up to ₹75 Lakh competitive interest rates, flexible repayment tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Quick
Approval
Zero Hidden
Charges
Affordable
Interest Rates
Flexible
Tenure
Minimal
Documentation

Pre-owned Car Loan EMI Calculator

Try our EMI calculator for a quick and accurate estimate of your monthly instalments. Enter your loan amount, interest rates, and tenure to get results instantly. Calculate now!

Optimise Your Pre-Owned Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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 Ahmedabad

The eligibility criteria for a Used Car Loan may 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

Documents Required for a Pre-owned Car Loan in Ahmedabad

Submit a few necessary documents for a Pre-owned Car Loan:

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

Click to know more about the documentation in detail.

Interest Rate and Charges for a Used Car Loan in Ahmedabad

We offer attractive interest rates and nominal charges on a used car loan:

Interest Rate
11% p.a. onwards 
Loan Amount
₹1 Lakh - ₹75 Lakh
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% 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

Different Uses of a Loan for a Second Hand Car in Ahmedabad

  • Purchase an affordable used car 

  • Upgrade to a better car model 

Who Can Get a Used Car Loan in Ahmedabad

  • Salaried Individuals

  • Self-employed Professionals 

  • Owners of firms or companies 

Tips for Successful Pre-owned Car Loan Application

  • Maintain a good credit score 

  • Fulfil the eligibility criteria 

  • Submit the required documents 

  • Choose a car within your budget 

  • Negotiate the price with the deal

Poonawalla Fincorp Branch Address in Ahmedabad

Poonawalla Fincorp Limited 

Address: Office No.304, 305 & 306, 3rd Floor, Majestic Plaza, Law Garden, Ellisbridge, Ahmedabad, Gujarat-380006. 

Contact Number: 1800-266-3201 (Toll-Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

*T&C Apply  

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

1. What are the interest rates offered on a Pre-owned Car Loan?

We offer interest rates starting from 11%*p.a. onwards. However, it is essential to keep in mind that it can vary based on factors like the loan amount, tenure, and your credit profile.  

2. What happens if I miss an EMI on a Pre-owned Car Loan?

Missing an EMI may attract penalties or late payment fees. It is crucial to maintain timely payments to avoid any adverse impact on your credit score and loan terms. 

 

3. What documents are required to apply for a Pre-owned Car Loan?

You need to provide the following documents for a Pre-owned Car Loan: 

  • KYC Documents  

  • Financial Documents 

  • Bank Statements 

  • Address Proof 

  • Car Documents 

Click to know more about the documentation in detail. 

4. Can I get financing for the entire value of the pre-owned car?

Yes, we offer a loan of up to 100% of the car's value, depending on your eligibility and our policies.