Personal Loan for Travel

₹20 Lakh Personal Loan

Starting at 9.99%* per annum

Minimal Documentation | Quick Approval | 100% Digital Process

Poonawalla Fincorp’s Personal Loan of ₹20 Lakh is dedicated to individuals aspiring to achieve their financial goals. You can avail of a Personal Loan of ₹20 Lakh with competitive interest within just a few clicks. We offer Personal Loan with no end-use restrictions, helping you to achieve your financial goal faster. With the online loan application process, you can instantly get ₹20 Lakh Personal Loan without providing any collateral. Moreover, our minimal documentation requirement and easy-to-meet eligibility criteria create an overwhelming customer experience across various locations.

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Our interest rates for Personal Loan start at *9.99% p.a. without any hidden charges, helping customers avail loan without any second thoughts. Moreover, you don’t have to pay any foreclosure charges if you wish to prepay your Personal Loan.

Personal Loan Interest Rates 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹50 Lakh
Loan Processing Fees Up to 3%
Lowest EMI Per Month Starting from ₹2124* per Lakh for 60 months
Loan Tenure 12-84 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

If you wish to get a ₹20 Lakh Personal Loan for five years, you can take advantage of our competitive interest rates. Our collateral-free Personal Loans help you manage your financial needs without hassle. Before applying for the loan, you can calculate your EMIs. The table below shows your ₹20 Lakh Personal Loan EMIs for five years.

Tenure       Approximate EMI at 9.99% Interest Rate
2 years ₹9,228/month
3 years ₹6,425/month
5 years ₹4,248/month

The eligibility criteria for Poonawalla Fincorp’s Personal Loans are easy to fulfill. We have kept our requirements minimal, reducing the overall loan processing time. If you wish to get a ₹20 Lakh Personal Loan from Poonawalla Fincorp, you must fulfil the eligibility criteria below.

Age Requirement

Age

Citizenship Status

Citizenship

Employment Type Required

Employment Type

Work Experience logo

Work Experience

Monthly Salary Required

Monthly Salary

  • Age - Between 21 and 60 years.
  • Citizenship - The applicant must be an Indian citizen.
  • Employment Type - The applicant must be a salaried individual.
  • Work Experience - Must have at least one year of work experience and at least one month of stable employment with the current employer.
  • Monthly Salary - The applicant must earn a minimum monthly salary of ₹30,000.

Our Personal Loan application is completely digital, you just have to procure soft copies of the required documents. Here is the list of documents required for a Personal Loan.

  • KYC Documents

    KYC documents

  • Address proof

    Address proof

  • Address Proof

    Income documents

  • Proof of Employment

    Financial documents

  • Address Proof

    Employment proof

  • KYC documents - PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Address proof - Rent agreement/passport/utility bills
  • Income documents - Latest salary slip
  • Financial documents - Salary account statement for the past 3 months
  • Employment proof - Employee ID card and official Email ID confirmation

Poonawalla Fincorp’s Personal Loans are feature-rich and specially curated to cover your diverse financial needs. With Poonawalla Fincorp, you can leverage features and benefits such as:

  • High Loan Amount

    High Loan Amount

  • Minimal documentation

    Minimal documentation

  • No hidden charges

    No hidden charges

  • No foreclosure charges

    No foreclosure charges

  • Online processing

    Online processing

  • Quick disbursal

    Quick disbursal

You can apply for a ₹20 Lakh Personal Loan for 7 years by following these three 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.

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Click on ‘Apply Now’ and complete the application form

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Personal
Details

Personal Details

Enter your DOB, qualification, and residential details

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Application Verification
Verification

Verification

Submit and upload all details for verification and assessment

What is the monthly EMI for ₹20 Lakh Personal Loan?

If you wish to apply for ₹20 Lakh Personal Loan for 5 years, your monthly EMI will be approximate ₹4,248*.

What is the interest rate for ₹20 Lakh per month?

Our Personal Loan interest rates start at 9.99%* p.a.

How to get a Personal Loan of ₹20 Lakh?

If you successfully fulfill the eligibility criteria, you can get a ₹20 Lakh Personal Loan instantly. To avail Personal Loan, you need to follow the below simple three 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.

Am I eligible to borrow a sum of ₹20 Lakh for Poonawalla Fincorp?

Kindly check the eligibility criteria for Personal Loans mentioned below:

  • Age - Between 21 and 60 years.
  • Citizenship - The applicant must be an Indian citizen.
  • Employment Type - The applicant must be a salaried individual.
  • Work Experience - Must have at least one year of work experience and at least one month of stable employment with the current employer.
  • Monthly Salary - The applicant must earn a minimum monthly salary of ₹30,000.

However, certain aspects like your bureau score and financial history also influence your eligibility for Personal Loans.

How to apply for a Personal Loan of ₹20 Lakh?
What is the processing time for an Rs ₹20 Lakh Personal Loan?

Post verification of your documents, our customer service executive will call you within an hour regarding your loan application approval.

*T&C Apply

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