Personal loan

Personal LoanFor your every financial need

Loan up to 30 Lakhs | Attractive Interest Rate | Quick Approval

Frequently Asked Questions on Personal Loan

Find out answers for your general queries

How to apply for a Personal Loan online?

Fulfilling your every aspiration is just a step away with our customized Personal Loan offering. To apply for our personal loan just follow this simple process:

  • Step 1: Click on Apply Now for simple online application form.
  • Step 2: Provide your KYC and Income documents.
  • Step 3: Your application will then be processed for verification.
  • Step 4: Once it is verified, you get instant loan approval.
  • Step 5: That’s it! Loan amount is directly credited in your account.
What are the benefits of Personal Loan?

A Personal Loan can be availed to fulfil any and every financial need, without depending on anyone else. It is a quick, easy and convenient solution in the need of the hour as you:

  • Don’t need to provide any security/collateral
  • Enjoy competitive interest rates with equated monthly repayments.
  • Get quick disbursal with minimum documentation.
Can I get instant loan approval at Poonawalla Fincorp?

On submission of your application form and the required documents as per criteria, you can expect quick approvals and instant disbursal of your personal loan.

What are the features and benefits of Personal Loan?

Whether you wish to fulfil a long-awaited dream or have an urgent financial need, our multi-purpose Personal Loan helps you do it all with a host of best-in-class benefits of:

  • Higher loan amount up to 30 Lakhs.
  • No collaterals required for security.
  • Attractive Interest Rates with no hidden charges.
  • Easy process with minimal documentation.
  • Zero foreclosure/pre-payment charges.
What is the eligibility criteria of Poonawalla Fincorp Personal Loan?

To avail our quick personal loan, you only need to meet the basic eligibility criteria:

  • Your age should be between 22 and 58 years
  • A minimum net monthly salary of 20,000
  • Total work experience of 1 year with 2 months’ stability with current employer
  • Employed with LLP / Private Limited / Public Limited Company
  • Have Indian citizenship.
When can I opt for a Personal Loan?

Personal Loan is a multi-purpose loan. You can avail the loan to fulfil a wide variety of needs such as home renovation, holidays, wedding, education, or even unexpected emergencies.

Why choose Poonawalla Fincorp for a Personal Loan?

With Poonawalla Fincorp Personal Loan, you get the required funds instantly through a simple online application process. You enjoy higher loan of up to 30 Lakhs with competitive interest rates along with flexible loan tenure ranging from 12 to 60 months.

What are Poonawalla Fincorp Personal Loan interest rates?

Personal loan interest rates at Poonawalla Fincorp are most competitive, making it a smart choice for you to finance your requirements.

What is the maximum and minimum loan amount I can apply for?

The maximum Personal loan amount that one can avail is 30 Lakhs and a minimum of 1 Lakh.

What are the documents required for a Personal Loan?

To quickly process your loan application, we would need the following document from the applicant:

  • PAN / Aadhaar Card details.
  • Electricity Bill / Rent Agreement / Passport.
  • Latest month salary slip.
  • Latest salary credit bank account statement for 3 months.
  • Employee ID Card.
Does Personal Loans have flexible repayment tenure?

Yes, at Poonawalla Fincorp we offer flexible EMI repayment tenure of up to 60 months.

How much time does it take for the Personal Loan to be disbursed?

We have a quick loan approval process. Once you submit all your valid documents, and if you meet the eligibility criteria, we provide instant approvals with disbursement done online in 1 working day.

How to use Poonawalla Fincorp Personal Loan EMI Calculator?

Personal Loan EMI Calculator is quick and easy, all you need to define are these 3 important

  • Poonawalla Fincorp Personal loan amount
  • Convenient Tenure
  • And, Interest rate
How do I disclose my income to apply for a Personal Loan?

To disclose your income you need to provide the following documents:

  • Latest months' salary slip
  • Salary credit bank account statement for latest 3 months.
Will I be charged with any penalty for foreclosing my loan?

No. Our personal loan offering comes with the flexibility to close the loan any time you wish to; that too without any charges if it is getting closed from your owned funds/savings.

Do you provide a Personal Loan without collateral?

Yes, our personal loan is unsecured; which means you do not need to provide any collateral or security to avail.

How can I check my Personal Loan eligibility?

To check your eligibility, refer to our eligibility & documentation.

How does credit report impact loan approval process?

A good credit score has a direct impact on your loan amount eligibility and the rate of interest to be charged. It is hence important to maintain a good credit report.

Can I apply for a Personal Loan without salary slips?

No. It is mandatory to submit your latest month’s salary slip for income verification to process your loan amount.

What do I need to know before applying for a personal loan?

Before you apply for a personal loan, here are some factors to be kept in mind:

  • Compare and check the best option with respect to loan amount, repayment tenure and other factors.
  • Maintain a good credit score because your ability to avail a loan depends on the quality of credit score.
  • Keep all your documents ready to ensure a quick and hassle-free application procedure.

Apply for Personal Loan Online in 5 Easy Steps Arrow Logo

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Apply
Online

Apply Online

Click on Apply Now and fill in the complete application.

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Upload Documents

Submit your KYC and Income Documents.

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Verification

Verification

Application will then proceed for verification and assessment.

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Quick Approval

Get your quick approval!

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Instant
Disbursal

Instant Disbursal

That’s it! Loan is credited in your bank account.

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Ever wonder how your friend is so relaxed even after taking debt or loans on his shoulders? Or how did your neighbour manage to send his kid abroad for higher studies? Well, the answer is Personal Loan!

Personal Loans
What all can a Personal Loan be used for?

All of us have multiple needs, however a lot of times the current finances may not be enough to address these needs. Thanks to Personal Loans, addressing these needs is possible now. The ease of availing with affordable interest rates makes them stand out as a good financial option. There are multiple needs for which a personal loan can be a good option.

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