Get Instant Approval on a Personal Loan

Navigating through unforeseen financial needs just became easy! With Poonawalla Fincorp, you can get a Personal Loan without pledging collateral. Get up to ₹5 Lakh at competitive interest rates starting at as low as 10.99%* p.a.

Whether you are renovating your home, covering medical expenses, or consolidating debt, our loan empowers you to seize control of your finances and achieve your personal goals. Enjoy a smooth loan journey – from application to disbursal. Apply now!

Personal Loan Interest Rates and Charges

Poonawalla Fincorp offers one of the most competitive interest rates in the market to support your aspirations, starting at just 10.99%* p.a. Below is a list of the rates and charges:

• Interest Rate

  0.91% onward p.m.
  (10.99% p.a onwards)

  This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card

• Processing Fee

  0% to 3 % Plus
  Taxes

  For processing and assessing your loan application

• FORECLOSURE CHARGES

  ₹0* Foreclosure
  Charges

  No charges for prepayment or foreclosure of the loan

Personal Loan Interest Rates	9.99%* p.a. onwards
Loan Amount	₹50,000 to ₹5 Lakh
Loan Processing Fees	Up to 3% plus applicable taxes
Lowest EMI per month	Starting from ₹2,124* per Lakh for 60 months
Loan Tenure	12-60 Months
Prepayment/Foreclosure Charges	0%* If paid from own sources & 4% If paid from other sources
Default Charges	24% per annum
Repayment Instrument Dishonor Charges	₹500 per bounce plus applicable taxes
Stamp Duty	At actuals (as per state)
No Other Hidden Charges

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

Personal Loan Eligibility Criteria

Securing a loan with Poonawalla Fincorp is simple, with minimal eligibility criteria, ensuring quick approval and prompt disbursal. The loan is evaluated on five key eligibility factors:

Age

citizenship

Employment

Work Experience

Monthly Income

• Age - Between 21 Years to 60 Years at the time of loan maturity.
• Citizenship - The applicant must be an Indian citizen.

Documents Required

To apply for a Personal Loan, just provide the following documents:

• 

  KYC documents

• 

  Income proof

• 

  Address proof

• 

  Proof of Employment

• KYC documents - Government-issued IDs such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
• Income proof - Latest salary slips for the last 3 months and bank statement of the past three months.
• Address proof - Rent agreement, utility bills, or passport.
• Proof of Employment - Employee ID card or official mail ID.

Personal Loan Features and Benefits

Enjoy a host of features and benefits of getting a loan for personal use from Poonawalla Fincorp:

• 

  Quick Approval

• 

  Minimal Documentation

• 

  Zero Hidden Chargess

• 

  Flexible Repayment Tenure

• 

  Collateral-free

• 

  Zero Foreclosure/Prepayment Charges

• 

  No Usage Restrictions

• 

  Attractive Interest Rates

• 

  Easy Application

• Quick Approval: The funds are quickly disbursed, often within a few days.
• Minimal Documentation: Submit your KYC documents, income proof, address proof, and employment proof.
• Zero Hidden Charges: Get a clear breakdown of all fees and charges upfront, ensuring no surprises along the way.
• Flexible Repayment Tenure: Tailor your repayment plan to your financial comfort, with tenure ranging from 12 months to 84 months.
• Collateral-free: No need for you to pledge any assets as collateral.
• Zero Foreclosure/Prepayment Charges: Prepay or foreclose your loan without incurring additional charges.
• No Usage Restrictions: Use the funds for any purpose.
• Attractive Interest Rates: Get loans at competitive interest rates, starting at just 10.99%* p.a.
• Easy Application: Experience a user-friendly application process that guides you through every step.

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