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 Loans are easy to avail of and are available at the lowest interest rates. Your funding needs don’t have to wait, you can get a ₹20 Lakh Personal Loan almost instantly with Poonawalla Fincorp.

Our Personal Loans are collateral-free and come with no end-use restrictions. The eligibility criteria and documents required are also minimal, so that you don’t have to wait to achieve your financial goals.


Our Personal Loans come with the lowest interest rates and without any hidden charges. If you wish to prepay your Personal Loan, you won’t have to pay any foreclosure charges. Personal Loan interest rates at Poonawalla Fincorp start at *9.99% p.a.

If you wish to get a ₹20 Lakh Personal Loan for 5 years, you can take advantage of the competitive interest rates offered by us. As Personal Loans are collateral-free and come with affordable interest rates, you can take care of your financial needs without any hassle.

Personal Loan Interest Rates 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹50 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI Per Month Starting from ₹2124* per Lakh for 60 months
Loan Tenure 12-60 months
Prepayment/Foreclosure Charges Zero*
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Before applying for the loan, you can calculate your EMIs for the same. The table below shows your ₹20 Lakh Personal Loan EMIs for 5 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 so that your funding needs don’t have to wait. If you wish to get a ₹20 Lakh Personal Loan from Poonawalla Fincorp, you will have to fulfill the below-mentioned eligibility criteria.

Age Requirement


Citizenship Status


Employment Required


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Monthly Salary Required

Monthly Income

  • Age- The applicant is required to be a minimum of 24 years old at the time of loan application and a maximum of 58 years old at the time of loan maturity
  • Citizenship- The applicant is required to be an Indian citizen
  • Employment- The applicant should be an employee of the Central Government, PSU, MNC, Listed, Unlisted Public Ltd., Pvt Ltd., LLP, or companies that are listed internally
  • Experience- The applicant should be employed at the current organization for at least 6 months or should have a minimum work experience of at least 24 months
  • Monthly Income - The applicant is required to have a monthly income of at least ₹40,000

Since 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

  • Income Proof

    Current address proof

  • Address Proof

    Income documents

  • Proof of Employment

    Financial documents

  • Address Proof

    Employment proof

  • KYC documents - We accept Aadhar card or PAN card as KYC document
  • Current address proof - We accept rent agreement/ utility bills/ Passport
  • Income documents - We accept latest salary slips
  • Financial documents - We accept salary credit bank statement for the last 3 months
  • Employment proof - We accept official email ID confirmation or EMP ID card (in case email ID is not available)

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:

  • Online application process

    High Loan Amount

  • Minimal documentation

    Minimal documentation

  • Collateral-free quick loans

    No hidden charges

  • No hidden charges

    No foreclosure charges

  • No penalties on foreclosure and prepayment

    Online processing

  • Instant disbursal

    Quick disbursal

You can apply for a ₹20 Lakh Personal Loan for 5 years by following these simple steps:

Step 1: Visit our official website.
Step 2: Go to the dedicated page for Personal Loans
Step 3: Click on ‘Apply Now’
Step 4: Fill out the online application for Personal Loans
Step 5: Upload the supporting documents
Step 6: Wait for document verification and confirmation
Step 7: Get funds disbursed into your account

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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 ₹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*.

How to get a Personal Loan of Rs. ₹20 lahks?

Please check the eligibility criteria for Personal Loans which are mentioned above. If you successfully fulfill the eligibility criteria, you can get a ₹20 Lakh Personal Loan almost instantly.

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

Kindly check the eligibility criteria for Personal Loans which is mentioned above. 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?

We offer online applications for Personal Loans. Click here to apply.

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.

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

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

*T&C Apply

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