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

Buy An Inverter on EMI

Power outages can become a huge setback for working professionals as well as at home without a reliable power backup. Inverters provide a reliable resolution to power outages, providing hours of support. However, such high-tech inverters are often expensive. Buy an inverter on EMI with Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh with minimal documentation and quick approval. Enjoy benefits like flexible EMI options, no hidden charges and more. 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 an inverter 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
upto 4.5%
Loan Tenure
1 – 36 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
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

 

Benefits of Buying an Inverter on EMI

  • Fulfil your power backup needs without having to exhaust your savings.  

  • Get funds for your purchase quickly with an easy application process and quick disbursal. 

  • Repay conveniently with flexible EMI options and zero foreclosure charges.  

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 should I buy an inverter on EMI?

Buying an inverter on EMI can help you purchase a high-tech inverter for your power backup needs without expending your hard-earned savings.  

2. Can I purchase an inverter on EMI?

Yes, you can purchase an inverter on EMI by securing an Instant Loan of up to ₹5 Lakh from Poonawalla Fincorp. 

3. Can I pay for a new inverter through EMI?

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

4. How much funding can I get to buy an inverter on EMI?

You can get up to ₹5 Lakh funding from Poonawalla Fincorp to buy an inverter on EMI. The final loan amount is determined after checking your eligibility, credit report and various other factors.