Get a Loan in 24 Hours with a Simple Digital Process
Instant Loan EMI Calculator
How to Apply for a Instant Loan online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now” button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, and other details.
Upload Documents
Upload the necessary documents for quicker approval.
We have simple eligibility criteria for our Instant Personal Loan to ensure smooth verification and quick approvals. You just need to meet the following requirements:
|
Age |
Between 24 and 55 years |
|
Citizenship |
Indian |
|
Employment |
Salaried and Self-Employed, Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp. |
| Annual Income | Minimum annual household income (declared) must be ₹3 Lakh. |
You only have to submit the following KYC documents to get an Instant Personal Loan in 24 hours:
| KYC Documents | PAN card and Aadhaar card for identity and address verification. |
Poonawalla Fincorp offers complete transparency and zero hidden charges for an Instant Loan. Understand more about our interest rates and charges mentioned in the table below:
| Parameter | Details |
| Interest Rate | 16%* p.a. onwards |
| Loan Amount | ₹50,000 to ₹5 Lakh |
| Loan Processing Fees | Up to 5% Plus Applicable Taxes |
| Lowest EMI per Month | ₹1,962 for 36 months |
| Loan Tenure | 12-36 months |
| Prepayment / Foreclosure Charges |
1. If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges |
| Default Charges | 24% p.a. + taxes |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Duplicate No objection certificate | ₹500/- Plus Applicable Taxes |
| Cash collection/Cash handling charges Applicable for cash collection done via Lender’s employees/personnel as well as Cash deposited in Lender’s branch by the Borrower or any of their representatives, applicable on prospective basis. |
₹500/- Plus Applicable Taxes per instance |
| 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
Getting a loan in 24 hours depends on a few factors. Here are some things you can do to ensure smooth, fast processing:
- Complete Documentation Upfront: Submit all required documents, such as Aadhaar card and PAN card, at the time of application for a seamless approval process.
- High Credit Score: A credit score of 750 or above signals financial discipline and often leads to faster verification and quicker approvals.
- Pre-Approved Customers: If you have a pre-approved loan offer, your eligibility checks are partially complete. This significantly shortens the time between application and disbursal.
- Correct Bank Details: Double-check your bank account number and IFSC code before submitting your application for a hassle-free borrowing experience.
There are several advantages to taking an Instant Personal from Poonawalla Fincorp to meet your urgent financial requirements. Some of the key benefits include:
- No Collateral Needed: An Instant Loan is an unsecured loan, so you don’t need to pledge any assets to secure funds.
- Flexible Repayment: Choose a tenure of up to 36 months to ensure your monthly EMIs fit comfortably within your budget.
- Rapid Processing: Due to our fully digital processing, verification, approval, and fund disbursal all happen within 24 hours.
- Competitive Interest Rates: Poonawalla Fincorp offers competitive interest rates starting from 16% p.a. for our Instant Loan.
- No End-Use Restrictions: Once the funds are disbursed to your account, you can use them to meet any financial needs without restrictions.
Happy Customers, Happy Us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely. Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution. I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
I am incredibly grateful for the outstanding support I received throughout my loan process. The guidance provided made every step feel manageable and stress-free. What stood out most was the humility and genuine willingness to help at every stage, qualities that made a significant difference in my experience. Without this support, the journey would have been far more challenging. I truly appreciate the dedication and helpful nature that was consistently demonstrated. The efforts put forth were invaluable, and I feel fortunate to have worked with someone so committed and supportive.
It was really great working with Poonawalla Fincorp. Thanks to the support and coordination by the team. I was able to get a significant portion of my requirements despite having a bit of a mess in my financial records. The loan processing and disbursement process at Poonawalla Fincorp was super smooth. They were incredibly cooperative and helpful. I’m looking forward to building a healthy relationship with them in the future. Thank you.
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.
Frequently Asked Questions
No, you do not need to provide security or a guarantor to get a loan in 24 hours. An Instant Loan is a completely collateral-free, unsecured option, so you don’t need to pledge any assets either.
Yes, you can get a loan in 24 hours from Poonawala Fincorp with no end-use restrictions. You can use the loan amount to cover any financial needs, including wedding and medical expenses.
Yes, you can secure a loan in 24 hours if you are self-employed, by applying for Poonawalla Fincorp’s Instant Personal Loan. However, your annual declared household income must meet our minimum eligibility criteria of ₹3 Lakh.
The tenure for Poonawalla Fincorp’s Instant Personal Loan ranges from 12 to 36 months, so you can choose a repayment plan that suits your finances.
For an Instant Personal Loan in 24 hours, a credit score of 750 or higher is highly recommended. You can still get a loan offer with a low credit score, but with less favourable terms.
If you’re a pre-approved customer, getting a loan in 24 hours becomes much faster. Being pre-approved means your initial eligibility checks are already complete, which shortens the processing time for an Instant Personal Loan.
No, you do not need physical paperwork to get a loan in 24 hours. The verification process for an Instant Personal Loan from Poonawalla Fincorp is fully digital, meaning you only need to submit a few essential documents.
You can borrow up to ₹5 Lakh with a loan in 24 hours from Poonawalla Fincorp. The final amount is based on your eligibility and other factors.
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