Unsecured Personal Loan

Apply for ₹5 Lakh Personal Loan in India

Loan up to 30 Lakh | Competitive interest rates | Quick Approval | Easy to Apply

Facing unexpected expenses and need quick funds? Poonawalla Fincorp provides a hassle-free solution with a Personal Loan of ₹5 Lakh. Get the funds you need through a simple application process, minimal documentation, and instant disbursal.

You can avail of a Personal Loan of ₹5 Lakh for any purpose and fulfil your short-term financial goals with swift approval. Apply today!

You can apply for a Personal Loan of ₹5 Lakh to meet any unexpected expenses like paying urgent medical bills, undertaking home repairs, or meeting educational costs. What’s more, our loan comes with flexible repayments, competitive interest rates, and zero hidden charges, ensuring your financial journey is both convenient and smooth.


Get an Instant Personal Loan of ₹5 Lakh at competitive interest rates and zero hidden charges. Check out the table below to learn about the applicable charges:

Instant Personal Loan Interest Rates 16%* p.a. onwards
Instant Loan Amount ₹50,000 to ₹5 Lakh
Instant Loan Processing Fees 2.5% to 3.5% plus applicable charges
Lowest Instant Loan EMI ₹1,758* for 36 months
Instant Loan Tenure 1 to 36 months
Foreclosure/Pre-Payment 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

Understanding your loan EMI is crucial, and Instant Personal Loan EMI Calculator is here to simplify your decision-making process. You can enter the loan amount, repayment tenure and interest rate on the EMI calculator to get the monthly EMI estimate.

If you calculate the Emi for your Personal Loan of ₹5 Lakh at an interest rate of 16%, it will be:

Loan Tenure Approximate EMI at 16% interest rate
1 years ₹45,365*/month
2 years ₹24,482*/month
3 years ₹17,579*/month

Our Instant Personal Loan comes with simple eligibility criteria to make it more accessible and includes:

Age Requirement


Citizenship Status


Monthly Salary Required

Annual Household Income

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

When seeking a Personal Loan of ₹5 Lakh, you will need the following documentation:

  • KYC Documents

    KYC documents

  • KYC Documents

    PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport

  • Address Proof

    Current proof of address

  • Address Proof

    Utility Bills or Rent Agreement

Please note that the above list is indicative. You may be required to submit additional documents during the application process.

You can easily get a Personal Loan of ₹5 Lakh through a straightforward process that involves:

  • Easy online application process

    Online Application

  • No collateral


  • Flexible repayment tenure

    Flexible EMIs

  • Minimal marriage loan documents required logo

    Minimal documentation

  • Competitive interest rates

    Competitive interest rates

  • No hidden charges and zero foreclosure fees

    Zero Hidden Charges

  • No usage restrictions

    No End Usage Restrictions

Online Application

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.


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 EMIs

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.

Competitive interest rates

The amount of interest you pay decides how much the loan will cost you. We offer Instant Personal Loan at competitive rates.

Zero Hidden Charges

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 End Usage Restrictions

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

Applying for a Personal Loan of ₹5 Lakh is easy, just follow these simple steps:

  • Step 1 - Click on the 'Apply Now’ button.
  • Step 2 - Complete the application form with the required details.
  • Step 3: Upload the necessary documents.

Upon successful verification, the approved loan amount will be disbursed to your bank account instantly.

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Apply Online

Click on ‘Apply Now’ and complete the application form

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Quick approvals

Personal Details

Enter your DOB, qualification, and residential details

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Application Verification


Submit and upload all details for verification and assessment

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

Poonawalla Fincorp’s Personal Loan of ₹5 Lakh is offered at competitive interest rates, beginning at 16%* per annum. You may also incur a nominal processing fee of up to 2% of the loan amount.

How can I apply for a Personal Loan of ₹5 Lakh with Poonawalla Fincorp?

Just visit our website, click on 'Apply Now,' and follow the simple steps to fill out the application form.

What factors impact the EMI for a Personal Loan of ₹5 Lakh?

Your credit score and the loan tenure play a key role in determining the interest rate for a Personal Loan of ₹5 Lakh, directly influencing your EMI amount.

How do I calculate EMIs for a Personal Loan of ₹5 Lakh?

To use our Personal Loan EMI calculator. Follow these steps:

  • Step 1 : Visit our website and click on the EMI calculator for a Personal Loan of ₹5 Lakh.
  • Step 2 :Enter your loan amount, tenure, and interest rate, and click on the 'Calculate’ button.
  • Step 3 : Click “Check Repayment Schedule.”
Is Collateral required to secure a Personal Loan?

No, our Personal Loan of ₹5 Lakh does not require collateral, making the application process simpler and quicker.

*Terms & Conditions Apply

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