Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
Up to 36 Months

Why Buy Car Insurance on EMI

Safeguard your car from theft, accidents, or natural calamities with the assurance of a reliable insurance policy. Avail of Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh to buy car insurance on EMI. This loan helps you protect your vehicle without putting your monthly budget off track. Benefit from competitive interest rates, flexible loan tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rates
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero
Hidden Charges

Instant Loan EMI Calculator

Plan your monthly repayments using our EMI calculator. Enter the loan amount, interest rate, and loan tenure to calculate your loan EMIs. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan

Access our flexible financing solution instantly by meeting our simple eligibility criteria:

  • 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.

Documents Required for an Instant Loan

Submit a few essential documents to get an Instant Loan to buy car insurance on EMI:

  • KYC Documents: Aadhaar Card and PAN Card.
  • Current Address Proof: Passport, Utility Bills, and Rent Agreement.

Interest Rates and Charges for an Instant Loan

We offer an Instant Loan with attractive interest rates and nominal charges:

Interest Rates
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
2.5% to 3.5% plus applicable taxes
Loan Tenure
1 – 36 months
Prepayment/Foreclosure Charges
upto 4.5%
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Benefits of Buying Car Insurance

  • 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. 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. Why buy car insurance on EMI?

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. 

2. Can I purchase car insurance on EMI?

Yes, you can purchase car insurance on EMI by securing an Instant Loan. 

3. Can I pay the insurance premium through EMI?

Yes, with an Instant Loan, you can buy car insurance on EMI. Additionally, you can benefit from quick approvals, favourable interest rates, and hassle-free experience throughout the process. 

4. Is it mandatory to pay insurance premiums?

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