Get a Pre-owned Car Loan today!
Bring home your dream car with a Pre-owned Car Loan. With a higher loan amount of up to ₹75 lakh, you can easily choose a car of your choice. Our borrower-friendly used car loan focuses on providing a hassle-free experience through our online loan application process with competitive interest rates starting at 11%* p.a.
Why Choose Poonawalla Fincorp
Pre-owned Car Loan EMI Calculator
Enter the loan amount, interest rate and tenure to calculate your monthly EMI for a used car loan.
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.
Eligibility Criteria for a Pre-owned Car Loan
Depending upon whether you are salaried, self-employed and firms/companies, your eligibility criteria may differ based on:
- Age
- Occupation
- Income
- Citizenship
Click to know more about the eligibility criteria in detail
Documents Required for a Pre-owned Car Loan
Submit the required documents based on whether you are salaried, self-employed and firms/companies to avail the loan.
- KYC Documents
- Financial/Income documents
- Ownership and Insurance documents
- Address proof documents
- Bank statement
Click to know more about the necessary documents in detail
Pre-owned Car Loan Interest Rates & Charges
4% if paid from other sources
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
Additional Perks of a Used Car Loan
With a used car loan, you can enjoy additional benefits such as:
-
Balance Transfer: Transfer your existing loan to Poonawalla Fincorp’s used car loan balance transfer and experience significant financial relief with better interest rates, lower EMIs, and substantial savings.
-
Top-up Loan: Top-up on your existing loan scheme for a used car of up to 200% of its value. With Poonawalla Fincorp’s used car loan top up, you can enjoy the flexibility of a high loan amount of up to ₹75 Lakh with minimal documentation and no hidden charges.
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
A second-hand car loan makes buying your dream car affordable and convenient. With Poonawalla Fincorp, you can get a loan amount of up to ₹75 Lakh and enjoy various benefits such as minimal documentation, flexible repayment tenure, etc.
To avail of the Poonawalla Fincorp used car loan, follow these simple steps:
· Step 1: Click on the 'Apply Now' button.
· Step 2: Fill in the required details on the loan application form.
· Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
With our used car loan, you can buy all kinds of cars, including premium cars, SUVs, sedans, and hatchbacks.