Get an Instant Loan Online in India
Fund your emergency expenses by availing yourself of an instant Personal Loan online. Get up to ₹5 Lakh from Poonawalla Fincorp with minimal documentation, quick approval and ZERO hidden charges. Our Small Personal Loan is unsecured, meaning you do not have to pledge collateral.
Enjoy a flexible repayment tenure of up to 36 months, simple eligibility criteria, and fast disbursal. Fulfil all your aspirations and financial needs with your trusted loan partner – Poonawalla Fincorp. Apply now!
How to Apply for an Instant Loan Online
- 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.
After verification and approval, the amount will be transferred to your bank account in no time!
Instant Loan EMI Calculator
Repaying the loan on time is essential to maintain a good credit score. Use our free online EMI calculator to plan your monthly payments. To use the EMI calculator, enter the amount you want to borrow, the interest rate offered, and your desired loan tenure. Your EMI amount will be displayed instantly.
Note - Your actual EMI amount might differ based on other factors that affect the final amount of your easy instant loan.
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EMI Amount = *
Instant Loan Interest Rates and Charges
The interest rate offered to you depends on your CIBIL score, eligibility, and your loan amount. We do not charge any hidden charges and waive foreclosure charges if paid from own sources.
| 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 | ₹1,962 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 Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Instant Loan Eligibility Criteria
To apply for an instant loan from Poonawalla Fincorp, fulfil the minimum eligibility criteria:
Age
Citizenship
Annual Household Income
- Age - Between 25 and 55 years.
- Citizenship - The applicant must be an Indian citizen.
- Annual Household Income - Minimum annual household income (declared) must be ₹3 Lakh.
Documents Required for Instant Loan Online
You can get a quick loan from Poonawalla Fincorp through our online loan application process. Submit a few documents such as:
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KYC documents
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Current proof of address
- KYC Documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Address Proof: Passport, utility bills, rent agreement, etc.
Instant Loan Features and Benefits
Our instant Personal Loan offers exciting features and benefits to make your borrowing journey hassle-free.
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Collateral-free
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Flexible repayment tenure
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Minimal documentation
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No end-usage restrictions
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Zero hidden charges
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Quick approvals
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Easy process
- Fast Disbursal: Get the loan in your bank account quickly.
- Minimal Documentation: Provide your KYC documents and address proof.
- Zero hidden charges: All fees and charges are disclosed.
- Flexible EMIs: Repay at your convenience with a loan tenure of up to 36 months.
- Collateral-free: No need to pledge your valuable assets to get an instant personal loan.
- No End Usage Restriction: Use the loan to meet any financial requirement.
- Easy Application: Just hit the ‘Apply Now’ button and fill out the application form.
Apply for an Instant Loan Within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your phone number, personal details and loan details
Verification
Verification
Upload required documents for verification and assessment
Frequently Asked Questions
Get an instant loan of up to ₹5 Lakh for personal instantly from Poonawalla Fincorp. Our online instant loan application process is easy, and approvals are fast.
The minimal amount you can borrow from Poonawalla Fincorp is ₹50,000. The maximum amount you can borrow is ₹5 Lakh.
To increase the chances of your instant loan online, ensure you have a credit score of 750 and above and fulfil our eligibility criteria and have all the necessary documents required to get fast approval.
No, you cannot avail yourself of an instant loan without documents. However, the documents required are minimal – submit your KYC documents (PAN Card, Aadhaar Card, Passport, Driving Licence and Voter ID) and address proof such as utility bills, passport, rent agreement, etc.
Our online EMI calculator calculates your instant Personal Loan EMI amount. The tool is easy to use and is available online. Enter the loan amount, tenure, and the interest rate. The EMI amount gets displayed instantly.
Our instant Personal Loan comes with exciting features and benefits:
- High loan amount of up to ₹5 Lakh
- Collateral-free
- Minimal documentation
- Quick approval
- Fast disbursal
- No hidden charges
- No end-usage restrictions
- No foreclosure charges, if paid from own sources
- Attractive interest rates
- Easy online application
*T&C Apply
