Unsecured Personal Loan

Apply for ₹5 Lakh Personal Loan in India

Personal Loans provide borrowers with quick cash without any restrictions on how to utilize the funds, giving them complete freedom in times of need. Personal Loans can come to the rescue in challenging financial situations when you don’t have enough savings to meet your financial requirements.

When availing of a Personal Loan of ₹5 Lakh from Poonawalla Fincorp, there are several advantages in addition to getting immediate cash. One of the key benefits of such a loan is that no collateral is required to apply for one. Moreover, you can utilize Personal Loans for a wide range of purposes with no restrictions, unlike secured loans such as home loans, and car loans.

Why opt for a ₹5 Lakh Personal Loan?


If you're seeking funds to pay for personal expenses like a family wedding, a long-overdue international trip, home renovation, medical bills etc., you can opt for a Personal Loan up to 5 Lakh from Poonawalla Fincorp to fulfil your various financial needs.


Even if you don't have the necessary funds in your savings account, don’t worry. Acquiring a Personal Loan up to 5 Lakh can help you get out of a dire financial situation. The Personal Loan from Poonawalla Fincorp has a lot of advantages, including flexible repayment options, attractive interest rates, a quick application process, and fast disbursal.


The EMI that you pay against your loan depends on lots of factors, including the interest rate. The ₹5 Lakh Personal Loan EMI will be calculated based on the interest rate and loan repayment tenure. If you calculate your ₹5 Lakh Personal Loan EMI for 5 years at approximately 13% interest rate, it will be:

  • ₹5 Lakh Loan for 5 years - ₹11,377

Opting for a ₹5 Lakh Loan for 5 years, allows you to repay your loan in easy and affordable instalments. By choosing to repay your ₹5 Lakh Personal Loan EMI for 5 years, you further ensure your budget remains unaffected. As a result, you get to manage your finances more efficiently.

How much EMI will I need to pay for a personal loan of ₹5 Lakh?

Tenor Approximate EMI at 13% interest rate
2 years 23,771
3 years 16,847
5 years 11,377

At Poonawalla Fincorp, we are committed to making it as simple and quick as possible for our clients to access the finance they need. The following are the key characteristics and perks of the Personal Loan:

Easy online application process

We leverage technology to reduce the time and effort required to get a Personal Loan. You can apply for the loan in five simple steps using our user-friendly web interface.

No collateral

You can get the required funds with this instant Personal Loan without pledging any collateral, as this unsecured loan is based on your earnings or capacity to repay. Retain ownership of your assets while easily borrowing money online.

Flexible repayment tenure

Experience the ease of flexible loan repayment with a ₹5 Lakh Personal Loan EMI that can be repaid easily. Select a repayment schedule of up to 60 months, and never go over your planned budget when paying it back.

Minimal documentation

Our ₹5 Lakh Personal Loan has minimal documentation requirements because it is an unsecured loan. This helps with swift approvals and disbursals. All you need to do is meet a few eligibility criteria and provide a limited number of supporting documents to be approved for a loan.

Attractive interest rates

The amount of interest you pay decides how much the loan will cost you. We offer Personal Loans with attractive interest rates starting as low as 9.99%* p.a.

No hidden charges and zero foreclosure fees

All loan conditions are explained in a way that is simple to comprehend. We maintain complete transparency throughout the process. Further, there are no prepayment or foreclosure fees, which is another plus.

No usage restrictions

There are no limitations on how you can use this loan, so you can cover any expense you need to.

Our goal is to ensure that you can accomplish all your personal goals. As a result, we provide Personal Loans with basic eligibility requirements.

The following factors are considered while determining our Personal Loan eligibility:

  • Age
  • Citizenship
  • Work Experience
  • Monthly Income
  • Employer Category

A good credit score can also help you qualify for a Personal Loan of ₹5 Lakh.

Documents Required for ₹5 Lakh Personal Loan

We ensure that you do not have to wait too long to fulfil your financial responsibilities and demands by requesting the least amount of paperwork.

Following are the required documents for our Personal Loan for Salaried:

  • Identity Proof
  • Proof of Address
  • Proof of Employment
  • Financial statements

Please note that the aforementioned list is simply indicative. When the loan is being processed, more documents might be needed.

We offer Personal Loan to:

  • Salaried individuals
  • Working professionals like CAs, CS, Doctors, etc.

What are the interest rates and applicable charges for a ₹5 Lakh Personal Loan?

At Poonawalla Fincorp, we provide Personal Loans with interest rates that are among the lowest in the industry, starting at just 9.99%* per annum. A nominal processing fee of up to 2% of the loan amount might also be levied.

How can I calculate the EMIs for my ₹5 Lakh Personal Loan?

To calculate your EMIs, you can use our Personal Loan EMI calculator. Follow the instructions below:

  • Step 1 : Go to our website and look for Personal Loan EMI calculator.
  • Step 2 : Fill in the spaces with your loan amount, loan tenure, and interest rate. Click on ‘Calculate’ button.
  • Step 3 : Click "Check Repayment Schedule".

What are the factors affecting your EMI for ₹5 Lakh Personal Loan?

Your credit score has a major influence on the Personal Loan interest rate, which in turn impacts the amount of your EMI. The tenure you choose will also affect the EMI you will pay.

*T&C Apply

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