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

Why Buy an iPhone on EMI

Get your hands on the latest iPhone without breaking the bank. Easily finance an iPhone 16 and stay ahead of the trend with an Instant Loan from Poonawalla Fincorp. Spread the cost into affordable monthly instalments with competitive interest rates and flexible loan tenure. What’s more? Enjoy quick approval, instant disbursal, and zero hidden charges. Don't miss out on this opportunity!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rates
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero
Hidden Charges

Instant Loan EMI Calculator

Estimate your monthly repayments using our EMI calculator. Simply enter the loan amount, interest rate, and tenure to get quick results. 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

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

Meet the following eligibility criteria to get an Instant Loan:

  • 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

Furnish a few essential documents for quick loan approval:

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

Interest Rates and Charges for an Instant Loan

Benefit from competitive 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
12 – 36 months
Prepayment/Foreclosure Charges
4% + taxes in case of BT
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 iPhone

  • Better performance 

  • Superior camera quality 

  • High resale value 

  • Enhance security 

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 are the EMI options available for purchasing the iPhone 16?

Poonawalla Fincorp offers a flexible EMI plan between 1 to 36 months, allowing you to choose the one that suits your monthly budget. 

2. Can I pay off the EMIs early or foreclose the EMI plan?

Yes, you can foreclose your EMI plan early at no extra charge if paid from own sources. However, a 4% fee is applicable if paid from other sources. 

3. What happens if I miss an EMI payment?

Missing an EMI payment can impact your credit score. A default interest fee of 2% per month is also levied on missed EMI payments. 

*Terms & Conditions Apply