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

Get a Guitar on EMI at Competitive Rates

In the world of music, the strumming of a guitar reverberates a deep connection between the mind and soul, often inspiring you to own one. Avail of Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh and buy a guitar on EMI of your choice without straining your budget. Enjoy benefits such as a higher loan amount, attractive interest rates, flexible repayment tenure and minimal documentation. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Online
Application
Collateral-free
Loan
Competitive
Interest Rates
Minimal
Paperwork
Flexible
EMIs
No
Hidden Charges

Instant Loan EMI Calculator

Plan your monthly repayment by using our EMI calculator instantly. Just enter the loan amount, interest rate and tenure to get your EMIs instantly. 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 - Between 25 and 55 years.
  • Citizenship - Indian
  • Annual Income - At least ₹3 Lakh.
  • Credit Score - 750 and above.

Documents Required for an Instant Loan

Submit a few essential documents:

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

Interest Rates and Charges for an Instant Loan

Poonawalla Fincorp offers an Instant Loan at attractive interest rates and nominal charges:

Interest Rate
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 a Guitar on EMI

  • Higher Loan Amount: Secure up to ₹5 Lakh to buy a guitar of your choice. 

  • Flexible Repayment Tenure: With a repayment tenure of up to 36 months, plan your monthly repayment at your convenience. 

  • Minimal Documentation: You only need to submit your KYC documents and current address proof. 

  • No Hidden Charges: All the charges and interest rates are clearly disclosed. 

  • Quick Approval and Disbursal: Enjoy the hassle-free application and quick disbursal. 

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. What will be the tenure for my EMIs?

Your repayment tenure totally depends on you; with Poonawalla Fincorp, you can select a repayment period between 1 to 36 months that suits your budget and repayment capacity. 

2. How do I calculate EMI?

You can calculate EMI on your guitar with the help of our EMI calculator by filling in details, such as loan amount, interest rate and tenure.  

3. Is it worth buying a Guitar on EMI?

Good-quality guitars are expensive. Hence, buying a guitar on EMI and paying for it on affordable monthly payments is ideal.