Get a Long-term Loan With Instant Disbursal

Get a Long-term Loan With Instant Disbursal

Loan up to ₹50 Lakh | Attractive Interest Rates | Quick Approval

Getting instant funds with a longer repayment tenure helps to meet your urgent expenses without disturbing your monthly budget. From covering your urgent medical expenses to paying your higher education fees, cover all expenses with a long-term loan from Poonawalla Fincorp.

Avail of a collateral-free loan of up to ₹50 Lakh with no end-usage restrictions, competitive interest rates and no hidden charges. Apply now!

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Avail of a long-term unsecured loan at attractive interest rates and nominal charges:

Interest Rate 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹50 Lakh
Loan Processing Fees Up to 3%
Lowest EMI Per Month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 to 84 months
Pre-Payment/Foreclosure Charges 0%* if paid from own sources
4% if paid from other sources
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
Other Hidden Charges Nil

Meet our simple eligibility criteria:

  • Age Limit: 21 to 60 years.
  • Nationality: Indian citizen.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: 1 year or more with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Submit just a few documents to apply for the loan:

  • KYC Documents - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
  • Current Address Proof - Passport/Rent Agreement/Utility Bills
  • Income Documents - Salary slip (latest)
  • Financial Documents - Bank statement from the last 3 months showing salary credit
  • Employment Proof - Employee ID Card/ Official mail ID confirmation

Note: The list of loan documents mentioned above is indicative. You may have to submit additional documents during the loan processing stage.

  • Covering your medical expenses: Manage your financial obligations arising from medical emergencies with a long-term unsecured loan.
  • Financing your higher education goals: Pay for your or your family member’s higher studies with our long-term loan.
  • Managing your travel expenses: Go to your favourite holiday destination easily with our collateral-free loan.
  • Consolidating high-interest debt: Combine all your existing debts into a single loan at a lower interest rate and reduce your monthly repayment obligations.
  • Paying for home renovation: Avail of a long-term loan to cover your home refurbishment costs.
  • Improving your credit score: Repaying the EMIs of your loan on a timely basis allows you to build a good credit history and maintain a high credit score.
  • 1. Click on ‘Apply Now’
    Tap the ‘Apply Now’ button to initiate the application process
  • 2. Enter Details
    Enter your DOB, PAN Card number, net monthly income and residential details
  • 3. Upload Documents
    Upload the necessary documents to get quick approval.
What is the maximum tenure for a long-term Personal Loan?

The maximum tenure for a loan for long-term is 84 months. You can select the loan tenure based on your repayment capacity.

What is a long-term loan?

A loan for long-term is a credit facility with an extended repayment period to give you sufficient time to pay off the loan. At Poonawalla Fincorp, we offer a long-term Personal Loan with a repayment period of up to 84 months.

Does your net monthly income have any role in getting approval for Poonawalla Fincorp’s loan for long-term?

Yes. Your net monthly income plays an important role in securing loan approval, as a higher income reflects a better repayment capacity. The minimum net monthly income for our loan for long-term is ₹30,000.

Can self-employed individuals apply for a loan for long-term from Poonawalla Fincorp?

No, our long-term unsecured loan is available only for salaried employees and salaried doctors, Chartered Accountants (CA) and Company Secretaries (CS).

What are the factors that affect your long-term loan interest rates?

Many factors influence the interest rate of your personal loan, including your credit score, monthly income, work experience, repayment capacity, etc.

*Terms & Conditions apply

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