What is an EMI Card?
Poonawalla Fincorp's Equated Monthly Instalment (EMI) card is a digital card that allows you to seamlessly convert your purchases into easy EMIs. In other words, the PFIN EMI card allows you to shop and then pay conveniently in monthly instalments rather than paying the entire sum up front at the end of the billing cycle.
PFIN EMI card has a predetermined sanctioned limit for each user based on their credit profile and internal policies. You can enjoy a high loan offer amount of up to ₹5 Lakhs. The key benefit of the EMI card is that you can shop for consumer durables at offline partner retail stores and pay for your purchase in easy EMIs.
Why Choose Poonawalla Fincorp
High Loan Offer Amount
Instant Digital Card Issuance
Nominal Fee
Eligibility Criteria of EMI Card
To apply for an EMI Card, you must fulfil the following minimum eligibility criteria:
| Criteria | Requirement |
| Nationality | Indian |
| Age | Between 21 years to 65 years |
| Employment | Must be a salaried employee or a self-employed individual |
| Credit Score |
A strong CIBIL score of at least 650 or more with a good credit history is required. New-to-Credit individuals are also eligible to apply. |
| Income | Must have a stable and consistent income source |
Documents Required for PFIN EMI Card
At Poonawalla Fincorp, our approval process is both simple and swift, as it only requires you to submit only a few basic documents as follow:
- PAN Card: For KYC verification
- Aadhaar Card: For identity and address verification
Other Details Required for the EMI Card
Apart from fulfilling the minimum eligibility criteria and providing your valid PAN card and Aadhaar card details for an EMI card, consider the following requirements to strengthen your application:
● Stable Cash Flow: You must show a stable source of earnings through bank statements, salary slips, or Income Tax Return (ITR) receipts.
● Repayment Capacity: Along with regular income, you must also have a strong credit history. If you have multiple active loans, settle them, as it impacts your EMI card’s limit.
● Credit Score: Credit bureaus like CIBIL and Experian keep track of all your loans and repayment history. Maintain a strong credit score to get a higher limit and favourable terms.
Step-by-step Guide to Apply for PFIN EMI Card
At Poonawalla Fincorp, we offer an end-to-end digital process that makes it easier to apply for the Poonawalla Fincorp EMI card and get approved swiftly. Experience complete freedom to shop now and pay in EMIs with the PFIN EMI card.
- Click on Apply Now: Click on Apply Now to initiate the application process.
- Verify Mobile Number: Verify your Aadhaar-linked mobile number with OTP and click on Apply Now.
- Fill Out Details: Enter the requisite details in the online application form.
- Complete KYC: Complete the online e-KYC by providing your PAN card number.
- Get Instant Card Offer: Receive your EMI card details on your registered PFIN account without any delay.
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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FAQs about PFIN EMI Card Eligibility
Yes. You can apply for the PFIN EMI card even if you’re a self-employed individual if you fulfil the minimum eligibility criteria and have a consistent income.
Any Indian national, aged between 21 to 65 years, having a minimum credit score of 650 and a stable source of regular income are eligible for the PFIN EMI card.
Obtaining a Poonawalla Fincorp EMI Card is simple and straightforward and does not require extensive documentation. You need a valid PAN card and an Aadhaar card for eKYC verification and address proof.
Your city of residence may have a certain level of influence on the EMI card limit you’re eligible for. The final approved card limit is however dependent on a wide variety of other factors including internal policies.
Poonawalla Fincorp offers a maximum sanction limit of up to ₹5,00,000 on the PFIN EMI card. The actual limit, however, depends on factors such as your credit profile and other internal policies
While a strong credit score is recommended, the minimum score required for the PFIN EMI card is 650 or more. A strong score however improves your chances of EMI card approval and also makes you eligible for higher limits.