Loan Amount
Up To ₹75 Lakh
Interest Rate
Starting at 11%* p.a.
Loan Tenure
12-72 Months

Avail of a Pre-owned Car Loan in Bangalore with Quick Approval

Bangalore, popularly known as the Silicon Valley of India, has a thriving automobile market. Buy a car in this metropolitan city for an easy commute with a Pre-owned Car Loan from Poonawalla Fincorp. Access instant funds of up to ₹75 Lakh with our Pre-owned Car Loan with minimal paperwork.

Benefit from our attractive interest rates, high loan-to-value ratio and swift approval. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car's Value
Instant
Disbursal
No Hidden
Charges
Flexible
Repayment Tenure
Minimal
Documentation
Competitive
Interest Rates

Pre-owned Car Loan EMI Calculator

Make use of our EMI calculator to plan your monthly repayments. Simply enter the loan amount, interest rate and tenure to calculate your EMI instantly. Try it 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 Bangalore 

Our eligibility requirements differ depending on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  • Occupation
  • Experience/Vintage

Click to know more about our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Bangalore 

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 required documents in detail. 

Interest Rate and Charges for a Used Car Loan in Bangalore

Poonawalla Fincorp’s used car loan comes with competitive interest rates and nominal charges:

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 Types of Cars to Buy with a Used Car Loan

  • Pre-owned hatchbacks 

  • SUVs 

  • Sedans 

  • Premium cars 

  • MUVs 

Who Can Get a Pre-owned Car Loan in Bangalore

  • Salaried Individuals 

  • Companies or Firms 

  • Self-employed Professionals  

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria  

  • Determine the loan amount based on your requirements 

  • Check your credit score 

  • Maintain a lower debt-to-income ratio 

  • Keep the required documents ready 

Poonawalla Fincorp Branch Address in Bangalore

Poonawalla Fincorp Limited  

Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002 

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

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

Poonawalla Fincorp Limited  

Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025 

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 income documents are required for a self-employed individual to avail of a Pre-owned Car Loan?

A self-employed individual needs to submit:  

  • Last 2 years' income tax returns 

  • GST returns 

  • Profit and loss statement and Balance Sheet for the last 2 years 

2. Are there any prepayment charges for Poonawalla Fincorp’s used car loan?

There is no prepayment or foreclosure charge for our second-hand car loan if you pay the amount from your own sources. However, if the payment is made from other sources, a 4% charge is levied on the outstanding loan amount. 

 

3. How can I reduce the EMI on my Pre-owned Car Loan?

You can reduce the EMI of your used car loan by opting for a longer tenure, reducing your loan amount or by paying a higher down payment amount.