Personal Loan for 70000 Salary

Personal Loan on ₹70,000 Monthly Salary

Starting at 9.99%* per annum

Minimal Documentation | Quick Approval | 100% Digital Process

Poonawalla Fincorp’s Personal Loan on monthly salary up to ₹70,000 is specifically designed for salaried individuals who are looking for financial assistance. Poonawalla Fincorp’s Personal Loan can be used without any restriction for usage. As a salaried Individual, you can use a Personal Loan for weddings, home renovation, travel, higher education, consolidating high-interest rates, etc.

A Personal Loan on monthly salary of ₹70,000 can be easily availed by salaried individuals by meeting the minimum eligibility criteria. Also, our minimal documentation requirement and 100% online process make it convenient for salaried individuals.


Poonawalla Fincorp’s Personal Loan on up to ₹70,000 salary is a collateral-free loan where you don’t have to pledge any of your personal assets as security. You can easily apply for a Personal Loan even if you don’t possess any personal assets. Along with factors such as loan amount and loan tenure, the interest rate also plays a crucial role in influencing your monthly instalments. It is advised that you should plan your monthly EMIs beforehand. One of the optimum ways to plan your monthly EMIs is by using an EMI calculator. By inserting information such as your desired loan amount, loan tenure, and rate of interest, you can easily calculate your EMIs.

Personal Loan Interest Rates 9.99%* p.a onwards
Loan Amount ₹1 Lakh to ₹30 Lakh
Loan Processing Fees Up to 2% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12-60 months
Prepayments/Foreclosure Charges 0%* If paid from own sources
Late Payment Charges 2% per month
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Suppose you are applying for ₹1 Lakh Personal Loan on up to ₹ 70,000 salary.

The value of the ₹1 Lakh Personal Loan EMI will vary between a ₹1 Lakh Loan for 5 years, a ₹1 Lakh Loan for 3 years, and a ₹1 Lakh Loan for 2 years.

If we calculate the EMI for each tenure at approximately 10% interest rate, it will be as mentioned below:

  • ₹1 Lakh Loan for 2 years - ₹ 4,614/month
  • ₹1 Lakh Loan for 3 years - ₹ 3,227/month
  • ₹1 Lakh Loan for 5 years - ₹ 2,125/month

To apply for a Personal Loan with Poonawalla Fincorp, you need to meet the eligibility criteria for an instant loan. Once you meet the eligibility criteria, you can submit all the documentation online. Once the documentation verification is done, your loan amount will be disbursed to your bank account directly.

Tenure     Approximate EMI at 10% interest rate
2 years ₹ 4,614/month
3 years ₹ 3,227/month
5 years ₹ 2,125/month

Before you apply for a Personal Loan with Poonawalla Fincorp, you need to meet all the below-mentioned eligibility criteria:

Age Requirement


Citizenship Status

Monthly Income

Employment Required


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Work experience

  • Age- The applicant loan should be between 24 and 57 years.
  • Monthly Income- The borrower should have at least ₹70,000 monthly income
  • Employment- He/she should be full-time employed with a company at a central and state govt., PSU, MNC, Listed, Unlisted Public Ltd., Private Limited Company, LLP, schools and colleges, or companies which are listed internally to get a Poonawalla Fincorp Personal Loan.
  • Work experience- The applicant should be in current employment for a minimum of 1 months and should have a minimum of 12 months of total work experience.

Documentation is an integral part of the Personal Loan process as it helps the lender to verify all the information provided by you. Poonawalla Fincorp allows you to directly upload all the documents online. To apply for Personal Loan on up to ₹70,000 monthly salary, you need to submit the below-mentioned documents:

  • KYC Documents

    KYC documents

  • Income Proof

    Address proof

  • Address Proof

    Income documents

  • Address Proof

    Employment proof

  • KYC documents like Aadhaar/PAN Card
  • Current address proof (Passport/Utility bills/Rent Agreement)
  • Latest salary slips and salary credit bank statements from the last 3 months.
  • Proof of employment, such as official mail ID confirmation /Emp ID Card

Poonawalla Fincorp’s Personal Loan is loaded with features such as minimal documentation, no end usage restrictions, flexible repayment tenure, quick disbursal, no collateral requirement, attractive interest rate, etc. allowing borrowers to take full advantage of Personal Loan.

These features and benefits of a Personal Loan on monthly ₹70,000 salary allow a borrower to fulfil all their financial requirements with ease. Individuals with ₹70,000 monthly salary can visit the website and check the eligibility criteria. Once you meet the eligibility criteria, you can easily apply for a Personal Loan on ₹70,000 salary.

Poonawalla Fincorp provides the comfort and convenience of applying for a Personal Loan from anywhere and anytime. With integration to advanced technology and a completely digital process, you can apply for a Personal Loan online. To apply for a Personal Loan, you can follow the below-mentioned steps:

  • Step 1: Click on ‘Apply Now’ on our website and fill in the personal loan application form.
  • Step 2: Enter your KYC details and upload the documents required for a Personal Loan.
  • Step 3: Await application assessment and verification.
  • Step 4: Receive confirmation on loan approval.
  • Step 5: Approve and authorize Personal Loan online disbursal.
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Apply Online

Click on Apply Now and fill in the complete application.

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Quick approvals

Personal Details

Enter your DOB, qualification and residential details

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Application Verification


Application will then proceed for verification and assessment

How much loan can I get if my monthly salary is ₹70000?

You can get your desired loan amount, once you meet the minimum eligibility criteria set by the lender. You can check the eligibility criteria on the official website of the lender. The maximum loan amount for a Personal Loan is ₹30 Lakh

Can I get a personal loan on ₹70K salary without collateral?

Personal Loans are collateral-free loans where you can get a Personal Loan without providing any personal assets as a security.

What is the maximum loan amount offered for a salary of ₹70000?

You can get a maximum loan amount of up to 30 Lakh. The loan amount for a Personal Loan range between ₹1 Lakh and ₹30 Lakh. However, the exact amount disbursed will depend on your monthly income, credit score, documentation, etc.

What is the maximum tenure that will be available for a Personal Loan?

The maximum tenure for a Personal Loan is 5 years. The loan tenure for a Personal Loan ranges between 1 and 5 years.

What kind of credit score do you need for a Personal Loan on a monthly salary of ₹70,000?

Along with other eligibility criteria such as age, income, and work experience, you must have a credit score of 700 or more.

What do you need to get a Personal Loan on ₹70K Salary?

To get a Personal Loan on up to ₹70,000 salary, you need to meet the minimum eligibility criteria that include age, income, work experience, and credit score. Once you meet the minimum eligibility criteria, you need to submit documents such as income proof, address proof, identity proof, and employment proof.

*Terms & Conditions Apply

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