Personal Loan for Travel

Apply for ₹10 Lakh Personal Loan in India

Starting at 9.99%* per annum

Minimal Documentation | Quick Approval | 100% Digital Process

A Personal Loan is one of the best financial instruments that help you meet your various financial requirements. A ₹10 Lakh Personal Loan can be utilized for funding wedding expenses, higher education, home renovation, international travel, medical emergency, debt consolidation, etc. Hence, you can use the loan amount for any legitimate purpose as there is no end-use restriction.

Personal Loans are collateral-free loans, which is why they can offer flexibility and easier repayment options.

Loan applicants can easily avail of a Personal Loan of up to ₹10 Lakh (even up to ₹30 Lakh based on the eligibility criteria) from Poonawalla Fincorp. Many factors affect your loan eligibility. So, it would be wise to check the ₹10 Lakh Personal Loan eligibility, the required documents, and the application process in advance to get instant approval.


Personal Loans are the best solution for meeting your planned and unplanned expenses. These collateral-free loans come with flexible loan tenure. Throughout the loan period, the borrowed amount can be paid back to the lender in EMIs (Equated Monthly Instalments). The interest payable on the loan is the cost of borrowing, and you should always prioritize affordability when you are planning to opt for a Personal Loan.

Poonawalla Fincorp has figured out what people need and so they've made their ₹10 Lakh Personal Loan really affordable and appealing. We offer some of the lowest Personal Loan interest rates so that borrowers are not burdened by hefty loan EMIs.

Personal Loan Interest Rates 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹30 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI Per Month Starting from ₹2124* per month for 60 months
Loan Tenure 12-60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources
Late Payment Charges 3% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

You can calculate the ₹10 Lakh Personal Loan EMI either manually or with the help of the Personal Loan EMI Calculator. The formula for EMI calculation is as follows:
E = [P x r x (1 + r) ^ n] / [ (1 + r) ^ n – 1], where the variables are P, r, and n.
E = EMI amount
P = Loan amount
r = Rate of interest
n = Loan tenure

Calculating the EMI in advance can help you plan your finances in a better manner. However, manual calculations are time-taking and might leave room for error. Poonawalla Fincorp offers ₹10 Lakh loan EMI Calculator to make your loan calculation easier and simpler. You just need to enter the loan amount, interest rate, and tenure. The loan calculator will display the EMI amount instantly.

The EMI for a Personal Loan of ₹10 Lakh will depend on the loan tenure and interest rate. For example, ₹10 Lakh Personal Loan EMI for 5 years at 10% will be ₹21,247. You can use the ₹10 Lakh loan EMI Calculator to know the EMI amount for different loan tenures.

Tenure       Approximate EMI at 10% interest rate
2 years ₹46,145/month
3 years ₹32,267/month
4 years ₹25,363/month
5 years ₹21,247/month

A Personal Loan from Poonawalla Fincorp is just what you need to fulfill all your financial requirements in the best possible way. To ensure that the maximum number of people can benefit from this loan, we have kept our ₹10 Lakh Personal Loan eligibility criteria very easy and simple. The eligibility criteria that you need to fulfill are as follows:

Age Requirement


Citizenship Status


Employment Required


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Work experience

Monthly Salary Required

Monthly Income

  • Age – between 22 and 57 years
  • Citizenship – Indian
  • Employment – Full-time with a public limited, private limited company, etc.
  • Work experience – Overall at least 1 years with a minimum of 1 months in the current company
  • Monthly income – minimum ₹30,000

Gone are the days when you had to deal with lengthy paperwork. Poonawalla Fincorp offers a Personal Loan with minimal documentation requirements so that there are no delays or hassles when applying for a loan. You just need to provide the following list of documents:

  • KYC Documents

    KYC documents

  • Income Proof

    Address Proof

  • Address Proof

    Latest salary slip

  • Proof of Employment

    Bank statement

  • Address Proof

    Employment proof

  • KYC Documents – Aadhaar Card / PAN Card
  • Address Proof – Utility bills/rent agreement/passport
  • Latest salary slip
  • Bank statement for the last 3 months
  • Employee ID Card or official Email ID confirmation

At Poonawalla Fincorp, we strongly believe in helping our customers get the financing they require easily and quickly. Following are some of the salient features & benefits of a ₹10 Lakh Loan:

  • Collateral-free quick loans

    Attractive Interest Rates

  • Minimal documentation

    Collateral-Free Loan

  • Online application process

    Flexible Repayment Tenure

  • Instant disbursal

    High Loan Amount

  • No penalties on foreclosure and prepayment

    Online Application Process

  • Attractive Interest Rates: We offer a loan at attractive interest rates as low as 9.99%* p.a. to lower the EMI burden.
  • Collateral-Free Loan: This is an unsecured loan, and you can get it without pledging any collateral.
  • Flexible Repayment Tenure: We provide a flexible repayment tenure that ranges from 12 to 60 months. You can choose the repayment tenure as per your repayment capacity.
  • High Loan Amount: We offer a Personal Loan up to ₹10 Lakh (even up to ₹30 Lakh based on the eligibility criteria). You can avail of a high loan amount to meet your financial requirements without any compromise.
  • Online Application Process: We have simplified the Personal Loan application process. You can apply for a ₹10 Lakh Loan online in just a few clicks.

Getting a Personal Loan from Poonawalla Fincorp is very easy and simple. You just need to follow the steps mentioned below to apply for a ₹10 Lakh Personal Loan:

  • Click on the “Apply Now” button.
  • Fill up the application form with the required details. Make sure that the information does not contain any errors.
  • Upload the list of documents
  • Once you are done, our loan expert will verify your documents
  • On successful verification of your documents, you will be approved for the loan
  • The loan amount will be disbursed to your bank account instantly.
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Apply Online

Click on Apply Now and fill in the complete application.

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Quick approvals

Personal Details

Enter your DOB, qualification and residential details

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Application Verification


Application will then proceed for verification and assessment

What is the monthly EMI for ₹10 Lakh Personal Loan?

The ₹10 Lakh Personal Loan EMI will depend on the interest rate and the chosen repayment tenure. For example, ₹10 Lakh Personal Loan EMI for 5 years at 10% will be ₹21,247. Please note that this amount will change as the interest rate or tenure changes. You can use the ₹10 Lakh Loan EMI Calculator to calculate the loan EMI by yourself.

What is the salary for a ₹10 Lakh loan?

The borrower needs to have a monthly salary of ₹30,000 to be eligible for a ₹10 Lakh loan.

Am I eligible to borrow a sum of ₹10 Lakh Personal Loan from Poonawalla Fincorp?

Yes, you can borrow a loan from Poonawalla Fincorp provided you meet our ₹10 Lakh Personal Loan eligibility criteria.

How to apply for a Personal Loan of ₹10 Lakh?

To apply for a ₹10 Lakh Personal Loan from Poonawalla Fincorp, follow these steps:

  • Step 1: Click on the “Apply Now” button on our website.
  • Step 2: Fill up the application form with the required details.
  • Step 3: Upload the required documents.
  • Step 4: Await application assessment.
  • Step 5: Get confirmation on loan approval.
  • Step 6: Approve & authorize Personal Loan online disbursal.
What is the interest rate levied on a ₹10 Lakh Personal Loan?

The rate of interest for ₹10 Lakh Personal Loan is 9.99%* per annum and upwards.

What is the processing time for a ₹10 Lakh Personal Loan?

We generally process applications promptly and send approved sanctions almost instantly, provided you meet our eligibility criteria and submit the required documents.

*T&C Apply

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