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

Get a Pre-owned Car Loan in Lucknow with Quick Disbursal

Lucknow, the capital of Uttar Pradesh, is a multicultural city famous for its history, architectural heritage and delicious food. It is also home to several industries like aeronautics, chemicals, furniture, etc. Make your daily commute in this city a hassle-free experience by purchasing your own car. Avail of a Pre-owned Car Loan in Lucknow from Poonawalla Fincorp with attractive interest rates and swift approval.

Get a loan of up to ₹75 Lakh with minimal documentation, flexible EMIs and a seamless application process. Apply now!

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car's Value
No Hidden
Charges
Swift
Approval
Flexible
EMIs
Online
Application Process
Competitive
Interest Rate

Pre-owned Car Loan EMI Calculator

Try our user-friendly EMI calculator to know your monthly payments instantly. Slide the bar to enter the interest rate, loan amount and tenure to calculate the EMI amount. 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 Lucknow

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 Lucknow

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 Lucknow

Interest Rate
11%* p.a. onwards 
Loan Amount
₹1 Lakh to ₹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 Pre-owned Car Loan

  • Premiums cars 

  • SUVs 

  • Hatchbacks 

  • Sedans 

  • Crossovers 

Who Can Get a Pre-owned Car Loan in Lucknow

  • Self-employed Professionals 

  • Salaried Individuals 

  • Companies or Firms 

Tips for a Successful Pre-owned Car Loan Application

  • Check the eligibility criteria 

  • Maintain a credit utilisation ratio of up to 30% 

  • Decide the loan amount based on your requirements 

  • Check your credit score 

  • Keep the required documents handy 

  • Avoid multiple loan applications  

Poonawalla Fincorp Branch Address in Lucknow

Address: Unit no. 106, 1st Floor, Shalimar Logix, Rana Pratap Marg, Hazratganj, Lucknow, Uttar Pradesh-226001 

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

rightArrow
rightArrow

Frequently Asked Questions

1. What is the interest rate offered on Poonawalla Fincorp’s Pre-owned Car Loan?

We offer a used car loan at competitive interest rates starting at 11%* p.a. The final interest rate applicable depends on your credit score, monthly income, market value and condition of the car, repayment capacity, etc. 

2. What is the maximum loan amount for a Pre-owned Car Loan from Poonawalla Fincorp?

You can avail of a maximum loan amount of ₹75 Lakh on our second-hand car loan. We provide a loan of up to 100% of the car’s value depending on your credit profile, repayment capacity and the condition of the car. 

 

3. Is it necessary to pay a fee to foreclose a Used Car Loan from Poonawalla Fincorp?

You do not need to pay any foreclosure fee for our second-hand car loan if you foreclose the loan using your fund sources. However, if you foreclose the loan using other fund sources, you will have to pay a foreclosure charge of 4% of the outstanding loan amount (plus taxes).