A feature-rich Personal Loan with multiple benefits
Poonawalla Fincorp focuses on providing a feature-rich Personal Loan for all its customers across the location. It is an unsecured loan that helps you meet various financial needs. If you are considering taking a loan for personal use, you should first understand some of its important features.
Following are some of the Key Features of a Personal Loan:
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No collateral/security You get the necessary funds without pledging any security. You can keep full possession of your assets and borrow money online without any hassles. |
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Flexible repayment tenure Poonawalla Fincorp offers flexible repayment tenures ranging from 12 to 84 months. You have the freedom to choose the tenure as per your repayment capacity. |
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Attractive interest rates We offer the loan at attractive interest rate, ensuring you save money by paying lower EMIs. |
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Minimal documentation As it is an unsecured loan with no collateral, it requires minimal documentation, making the documentation process relatively simple and fast. |
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Multi-purpose high loan amount with no restrictions on usage With Poonawalla Fincorp’s Personal Loan, you can access a loan amount of up to ₹50 Lakh. These funds can be used for multiple purposes, such as covering medical expenses, renovating a home, financing higher education, etc. |
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Zero foreclosure/pre-payment charges We don't levy any pre-payment or foreclosure charges if paid from your own sources. Therefore, borrowers can prepay their loan to reduce their debt burden without paying any additional charges. |
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No hidden charges There's nothing hidden in our fine print, and all loan conditions are clearly presented. Our Personal Loan has no additional charges; you only pay what has been transparently communicated to you. |
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Quick approvals Loan processing can be tedious and time-consuming, but we promise a seamless experience. Thanks to our minimal and relaxed eligibility criteria, you can avail of a quick loan when you need funds. We approve loan applications instantly and disburse your approved sanction in no time. |
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Easy and hassle-free process We leverage technology to minimize the effort required for loan application. You can apply online for our offering in just a few easy steps through the user-friendly online journey! |
Ways to Use a Poonawalla Fincorp Personal Loan
With complete flexibility regarding its usage, the loan can be used to address any expense. Some of the most common reasons for taking a loan are:
- Renovate a house- Whether you want to rebuild your kitchen, build a new balcony, or make any other home modification, you can cover any costs of home renovations.
- Fund child’s higher education- Apply for a Personal Loan to cover the cost of your child's higher education, such as admission fees.
- Pay medical bills- Medical emergencies can take a toll on your finances. Even if you have health insurance, it may not cover all medical expenses during emergency. You may need prompt financial assistance to pay off hefty medical bills and, in such instances, Poonawalla Fincorp offers a quick medical emergency loan with flexible loan tenure.
- Host a wedding- Weddings have become expensive. You can get a loan to cover these high-cost wedding expenses.
- Cover travel expenses- If you're planning a vacation in India or abroad, and you're looking for ways to pay for it, a Personal Loan for travel is the right choice for you.
How to Apply for a Poonawalla Fincorp Personal Loan?
Poonawalla Fincorp's Personal Loan features & benefits are among the best in the industry. You can apply for a loan online in just three simple steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Frequently Asked Questions
What is a Personal Loan?
It is an unsecured financial offering that you can avail to meet your financial goals. This loan can be used for any personal expenses, without restrictions.
Do I need to submit any assets for a Personal Loan?
As this is an unsecured offering, you don’t need to submit any collateral or assets.
What are the best reasons to take a Personal Loan?
Some of the common reasons to borrow include paying medical bills, consolidating high-interest debt, funding higher education, and renovating a home etc.
In how many days will my loan get disbursed?
Applicants with a good financial profile and credit history enjoy quick approval of their loan application. In such cases, loan disbursal can happen in just one working day after approval.
How much of the loan amount am I eligible for?
Depending on your profile, you can qualify for a sanction for a loan of up to ₹50 Lakh.
Can I borrow money online with this loan?
Yes, once you apply online and get approval, the entire disbursal process happens electronically, and the money is credited to your bank account.
Why should I choose a Poonawalla Fincorp Personal Loan?
The features & benefits of a Personal Loan offered by Poonawalla Fincorp are amongst the best in the market. These features and benefits include lowest rate of interest, zero pre-payment charges, completely online process along with full transparency. We prioritize your convenience and ensure that you have a comfortable borrowing experience.
