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

Get a Used Car Loan in Coimbatore Online

Frequently referred to as the Manchester of South India, Coimbatore is one of the top ten livable cities in India, with bustling urban infrastructure, year-round tropical weather and lush green natural landscapes. Explore the rich heritage of this teeming city in your own car with a Pre-owned Car Loan in Coimbatore from Poonawalla Fincorp. Get your dream car with the convenience and affordability of a used car loan of up to ₹75 Lakh at the lowest interest rates and minimal documentation. Apply now!

Why Choose Poonawalla Fincorp

Up to 100%
of Car’s Value
Attractive
Interest Rate
100% Online
Application
Minimal
Documentation
Flexible
Repayment Tenure
No Hidden
Charges

Pre-owned Car Loan EMI Calculator

Easily calculate your monthly EMI for a Pre-owned Car Loan in Coimbatore before you apply online. Plan your monthly repayment obligations effectively with our user-friendly calculator. Just enter the loan amount, interest rate, and tenure to instantly view your EMI. 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 Coimbatore

Eligibility for your used car loan in Coimbatore depends on multiple factors. Specific eligibility criteria may further vary depending upon whether you are salaried, self-employed or an established firm/company.

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail.

Documents Required for a Pre-owned Car Loan in Coimbatore

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 Used Car Loan in Coimbatore

Poonawalla Fincorp offers a used car loan at attractive interest rate and minimal 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 Cars You Can Buy With a Used Car Loan

  • SUVs 

  • MUVs 

  • Sedans 

  • Electric vehicles 

  • Premium cars 

  • Hatchbacks 

Who Can Get a Pre-owned Car Loan in Coimbatore

  • Salaried individuals 

  • Self-employed professionals  

  • Firms/Companies 

Tips for Successful Second-hand Car Loan Application

  •  Check your credit score 

  • Match all eligibility criteria 

  • Choose the right car 

  • Keep necessary documents handy 

  • Avoid multiple loan applications 

  • Consider a co-applicant to strengthen your application 

Poonawalla Fincorp Branch Address in Coimbatore

Poonawalla Fincorp Limited

Address: 6th Floor, Classic Towers, Trichy Road, Coimbatore Tamil Nadu-641018. 

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

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

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. How is the maximum loan amount determined for your used car purchase?

The Pre-owned Car Loan amount you can secure from Poonawalla Fincorp ranges from ₹1 Lakh to ₹75 Lakh. However, your final loan amount depends on factors such as your credit profile and repayment capacity. 

2. What is the loan tenure flexibility for a Pre-owned Car Loan?

At Poonawalla Fincorp, you can choose a repayment period that suits your financial plan, ranging from 12 to 72 months. Longer tenures offer lower EMIs, while shorter ones reduce overall interest costs. 

 

3. What happens if I default on my used car loan?

Defaulting may lead to late fees, negative impact on your credit score, etc. It is best recommended that you plan your repayments ahead and set up autopay for automatic deduction of your EMI amount.  

4. What factors impact the eligibility for a second-hand car loan?

Multiple factors determine your eligibility for a used car loan including your credit score, income, employment stability, age as well as the car's condition and age. At Poonawalla Fincorp, we also consider your debt-to-income ratio and overall financial health.