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

Avail of a Pre-owned Car Loan in Calicut with Flexible EMIs

Calicut, also known as the ‘Spice Capital’ of Kerala, is primarily famous for being a hub of history and educational opportunities. Drive through the streets of this city in your dream car by getting a Pre-owned Car Loan from Poonawalla Fincorp with minimal documentation. Avail of a loan of up to ₹75 Lakh with competitive interest rates, flexible repayment tenure and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp?

Loan up to 100%
of Car's Value
Swift Loan
Approval
Competitive
Interest Rate
Flexible
Repayment Tenure
Minimal
Documentation
No Hidden
Charges

EMI Calculator for a Pre-owned Car Loan in Calicut

Calculate your monthly repayments instantly with our used car loan EMI calculator. Enter the loan amount, interest rate, and tenure for accurate results. 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 Calicut

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail. 

Documents Required for Pre-owned Car Loan in Calicut

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Car Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement

Click to know more about the documents required in detail. 

Interest Rate and Charges for a Pre-owned Car Loan in Calicut

Avail of a used car loan at an attractive interest rate and nominal charges:  

Interest Rates
11%* p.a. onwards 
Loan Amount
₹1 Lakh - ₹75 Lakh
Loan Processing Fees
Up to 1% plus applicable taxes
Lowest EMI per month
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 Interest
2% per month
Repayment Instrument Dishonor 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 Cars You Can Buy with a Pre-owned Car Loan in Calicut

With a used car loan, you can enjoy additional benefits such as:

  • Balance Transfer
  • Transfer your existing loan to Poonawalla Fincorp’s used car balance transfer and experience significant financial relief with better interest rates, lower EMIs, and substantial savings.
  • Top-up Loan
  • Top-up on your existing loan scheme for used car of up to 200% of its value. With Poonawalla Fincorp’s Used Car Loan Top Up, you can enjoy the flexibility of a high loan amount of up to Rs.75 Lakh with minimal documentation and no hidden charges.

  • Hatchbacks 

  • Luxury Cars  

  • Sedans  

  • SUVs 

  • Electric Vehicles 

Who Can Get a Pre-Owned Car Loan in Calicut

  • Salaried individuals 

  • Self-employed professionals 

  • Firms or companies 

Tips for Successful Pre-owned Car Loan Application 

  • Check the eligibility criteria  

  • Keep documents handy 

  • Opt for the required amount only 

  • Maintain a credit score of 750+ 

  • Understand the loan terms and conditions  

Poonawalla Fincorp Branch Address 

Address: 1st Floor, Trinity Arcade, Kannur Road, Near ESAF Bank, West Nadakkavu, Kozhikode, Kerala -673011 

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. Can I avail of a Pre-owned Car Loan of ₹75 Lakh?

Yes, you can avail of a Pre-owned Car Loan of ₹75 Lakh with Poonawalla Fincorp if you meet the eligibility criteria. Another factor that will affect the decision of your loan approval is your credit score and repayment capacity.  

2. Do I have to physically visit the local branch to apply for a used car loan in Calicut?

No, the second-hand car loan application process with Poonawalla Fincorp is fully digital. So, you can apply for a loan in 5 minutes and be assured of quick approval and disbursal of funds.  

 

3. What type of income proof do I have to provide to get a second-hand car loan in Calicut?

If you are a salaried individual, you are required to provide pay slips for the past 3 months. Self-employed individuals must present GST returns, Income Tax Returns for the past 2 years or P/L Statements and Balance Sheets for the last 2 years.