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 Hyderabad With Instant Approval

Hyderabad is renowned for its monuments and thriving industries like IT, financial services, real estate, pharmaceuticals, etc. Buy any car of your choice in this city with a Pre-owned Car Loan from Poonawalla Fincorp.

Benefit from our competitive interest rates, minimal charges, simple eligibility criteria and swift disbursal. Apply now!

Why Choose Poonawalla Fincorp

Loan Up
to 100% of Car's Value
No Hidden
Charges
Quick
Approval
Minimal
Paperwork
Flexible
EMIs
Attractive
Interest Rates

Pre-owned Car Loan EMI Calculator

Estimate your monthly payments with our easy-to-use online EMI calculator. Enter the loan amount, interest rate and tenure to view the results instantly. Use 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 Hyderabad 

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

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail. 

Documents Required for Pre-owned Car Loan in Hyderabad

Provide 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 necessary documents in detail.

Interest Rate and Charges for a Used Car Loan in Hyderabad

Access instant funds with our used car loan at 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 Cars to Buy With a Pre-owned Car Loan

  • Sedans 

  • Hatchbacks 

  • SUVs 

  • Premium cars 

  • Electric Vehicles 

  • MUVs 

Who Can Get a Pre-owned Car Loan in Hyderabad

  • Self-employed Individuals 

  • Firms or Companies 

  • Salaried Individuals 

Tips for a Successful Second-hand Car Loan Application

  • Check the loan 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 handy 

Poonawalla Fincorp Branch Address in Hyderabad

Poonawalla Fincorp Limited 

Address: Office No. G-1 to G-4, Ground Floor, Block 'B', Roxana Towers, H No.7-1-24/1/RT, Greenlands, Begumpet, Hyderabad, Telangana-500016 

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 eligibility criteria for availing of a Pre-owned Car Loan from Poonawalla Fincorp?

The eligibility criteria for our second-hand car loan are based on whether you are salaried, self-employed or a firm/company and on other aspects like: 

  • Age 

  • Citizenship 

  • Occupation 

  • Experience/Vintage 

2. What is the minimum age to apply for Poonawalla Fincorp’s used car loan?

The minimum age to apply for our second-hand car loan is 24 years, regardless of whether you are a self-employed professional, a salaried employee or a partner/proprietor/director of a firm or a company. 

 

3. What is the repayment tenure for Poonawalla Fincorp’s Pre-owned Car Loan?

The repayment tenure for our second-hand car loan is between 12 to 72 months.  You can select a tenure that aligns with your repayment capacity.