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

Apply for a Pre-owned Car Loan With Minimal Paperwork

Vadodara, known as Gujarat's cultural heartbeat, is famous for its architecture, several large-scale industries and classical music. Purchase your dream car in the city for a hassle-free commute with a Pre-owned Car Loan of up to ₹75 Lakh from Poonawalla Fincorp.

Benefit from our competitive interest rates, a loan of up to 100% of the car’s value, flexible EMIs and instant disbursal.

Why Choose Poonawalla Fincorp

Loan up to 100%
of Car’s Value
No Hidden
Charges
Quick
Approval
Online Application
Process
Minimal
Documentation
Attractive
Interest Rate

Pre-owned Car Loan EMI Calculator

Make use of our online EMI calculator to know your monthly repayments. Simply enter the loan amount, interest rate and tenure to view the results instantly. Try 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 Vadodara

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 a Pre-owned Car Loan in Vadodara

Upload 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 documentation in detail

Interest Rate and Charges for a Used Car Loan in Vadodara

Apply for a second-hand car loan with 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 You Can Buy With a Used Car Loan

  • SUVs
  • Hatchbacks
  • MUVs
  • Minivans
  • Sedans
  • Electric vehicles

Who Can Get a Pre-owned Car Loan in Vadodara

  • Self-employed Professionals
  • Salaried Individuals
  • Firms or Companies

Tips for a Successful Pre-owned Car Loan Application

  • Fulfil the eligibility criteria
  • Determine the loan amount based on your requirements
  • Check your credit score
  • Keep the required documents ready
  • Avoid multiple loan applications

Poonawalla Fincorp’s Branch Address in Vadodara

Poonawalla Fincorp Limited
Address:701, 7th Floor, Samanvay silver, Munjmauda, Akota, Vadodara, Gujarat-390020
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. Can I purchase any type of car with Poonawalla Fincorp’s second-hand car loan?

You can purchase any car, including MUVs, SUVs, crossover, electric car, etc. with our used car loan. Depending on your eligibility, you can get a loan amount ranging from ₹1 Lakh to ₹75 Lakh to cover the costs of your dream car.

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

If you fail to make timely EMI payments, you will incur a penalty interest of 24% p.a. + taxes on the EMI amount. Additionally, a bounce charge of ₹500 plus taxes will be levied, and your credit score will be negatively impacted. To avoid these consequences, ensure timely payments and maintain a healthy credit history.

3. What is the lowest EMI for Poonawalla Fincorp’s second-hand car loan?

The lowest possible EMI for our Pre-owned Car Loan starts from ₹1,903 for a loan amount of ₹1 Lakh, an interest rate of 11%* p.a. and a loan tenure of 72 months.