Why Buy Car Insurance on EMI
Car insurance provides financial security for your car against any theft or damage due to accidents, natural calamities, etc. It also safeguards you against any mishap. With Poonawalla Fincorp’s Small Personal Loan, you can buy car insurance on EMI. This loan helps you get your car insured without putting your monthly budget off track. Check the documents required, eligibility criteria, and how to apply.
How to Car Insurance on EMI Without a Credit Card?
Get your car insured on EMI without a credit card through a Small Personal Loan from Poonawalla Fincorp. Follow the step mentioned below:
- 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 will be transferred to your bank account.
Documents Required to Buy Car Insurance on EMI
Avail of a Small Personal Loan with minimal documents requirement. The documents required are as follows:
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KYC Documents
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Current Address Proof
- KYC Documents: Aadhaar Card and PAN Card.
- Current Address Proof: Passport, utility bills, and rent agreement.
Eligibility Criteria of Small Personal Loan
A Small Personal Loan from Poonawalla Fincorp has a simple eligibility criteria:
Age
Citizenship
Annual Income
Credit Score
- Age - The applicant must be between 25 and 55 years old.
- Citizenship - The applicant must be an Indian citizen.
- Annual Income - The applicant’s annual household income must be at least ₹3 Lakh.
- Credit Score - The credit score of the applicant must be 750 and above.
Benefits of Buying Car Insurance
There are numerous benefits of buying a car insurance on EMI, some of them are mentioned below:
- Get financial protection against theft and damage due to accidents, fire, etc.
- Fulfil your legal duty and drive freely.
- Secure yourself against any mishap caused by car accidents, or natural disasters, etc.
Benefits of Buying Car Insurance on EMI
Here are some benefits of buying car insurance on EMI:
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Higher Loan Amount
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Competitive Interest Rates
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Quick Approval and Disbursal
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Flexible Repayment Tenure
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Minimal Documentation
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No Hidden Charges
- Higher Loan Amount: Secure a loan of up to ₹5 Lakh with Poonawalla Fincorp’s Small Personal Loan.
- Competitive Interest Rates: Small Personal Loan comes with competitive interest rates, making the monthly payments affordable for you.
- Quick Approval and Disbursal: We strive to make the loan application and disbursement process quick and easy for you.
- Flexible Repayment Tenure: With a tenure of up to 36 months, manage monthly repayment easily. Use the loan EMI calculator to decide repayment tenure.
- Minimal Documentation: For a Small Personal Loan you just need to provide your KYC documents and current address proof.
- No Hidden Charges: All the charges are clearly disclosed, helping you experience transparency throughout the process.
To Conclude
Complete your legal obligation by buying car insurance on EMI and safeguard yourself and your car from any probable misfortunes. Apply for Poonawalla Fincorp’s Small Personal Loan. Apply now!
Apply for Instant Small Personal Loan within 5 Minutes
Now you can get a Small personal loan with minimum efforts. Just follow the below simple 2-step process and get an instant Small Personal loan online without any delay.
Apply
Online
Apply Online
Click on Apply Now and enter all your required contact details.
Verification
Verification
Application will then proceed for verification and assessment
Frequently Asked Questions
Car insurance helps you get financial security against damage or loss. Buying car insurance on EMI enables you to get benefits of competitive interest rates, flexible EMIs, and hassle-free loan application process.
Yes, you can purchase car insurance on EMI by securing a Small Personal Loan.
Yes, with a Small Personal Loan, you can buy car insurance and pay premium on EMI. Additionally, you can also get benefits of quick approvals, favorable interest rates, and hassle-free experience throughout the process.
Yes, it is mandatory to pay insurance premiums on time. In case you miss any premium, it may result in penalties or cancellation of your insurance.
*Terms & Conditions Apply
