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

Secure a Pre-owned Car Loan in Indore with Quick Approval

Indore is a vibrant city known for its cultural heritage and developing economy. Fulfil your aspiration of buying a car in this city with a Pre-owned Car Loan from Poonawalla Fincorp. Get a loan of up to ₹75 Lakh with a flexible loan tenure and minimal documentation.

What’s more? Benefit from our competitive rates, no hidden charges, loan of up to 100% of the car’s value and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Amount Up to
100% of Car’s Value
Quick
Approval
No Hidden
Charges
Minimal
Paperwork
Flexible
Repayment Option
Competitive
Interest Rates

Pre-owned Car Loan EMI Calculator

Use our EMI Calculator to plan your monthly payments. Simply enter the loan amount, tenure and interest rates to calculate your EMIs 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 Indore 

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

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail. 

Documents Required for a Pre-owned Car Loan in Indore

Submit minimal documents to apply for 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 Pre-owned Car Loan

Avail of 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 Used Car Loan in Indore

  • SUVs 

  • MUVs 

  • Hatchbacks 

  • Sedans 

  • Electric Vehicles 

  • Premium cars 

Who Can Get a Pre-owned Car Loan in Indore

  • Salaried Individuals 

  • Self-employed Individuals 

  • Companies or Firms 

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria before applying 

  • Maintain a credit utilisation ratio of up to 30%  

  • Finalise the loan amount based on your requirements 

  • Check your credit score 

  • Keep the required documents ready 

  • Avoid applying for the loan multiple times 

Poonawalla Fincorp Branch Address in Indore

Poonawalla Fincorp Limited 

Address: Office No. 717 to 720, 7th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010 

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 documents required for availing of Poonawalla Fincorp’s Pre-owned Car Loan?

You can submit these documents to apply for our second-hand car loan: 

  • KYC documents 

  • Income proof 

  • Address proof 

  • Car documents 

  • Bank account statement 

Click to know more about the required documents for a used car loan in detail. 

2. Are there any pre-closure options for a used car loan from Poonawalla Fincorp?

Yes, you can prepay or foreclose your second-hand car loan at any time during the loan tenure. If you pre-close your loan using own funds, you don’t have to pay any charges. However, a 4% fee plus taxes is applicable if you pre-close your loan using other fund sources. 

 

3. What is the impact of your credit score on deciding the terms of our used car loan?

Your credit score significantly influences the interest rate and loan amount of your used car loan. If you have a credit score of 750 and above, you have a higher chance of getting better terms and conditions on your second-hand car loan.