Get Online Loan for Shopping With Instant Approval
Upgrade to a new lifestyle with a Personal Loan for shopping from Poonawalla Fincorp. Get the latest gadgets and products of your choice, from electronics, high-end fashion, travel expenses to home appliances, with a loan of up to ₹30 Lakh. Enjoy higher loan amounts, instant approval, flexible EMIs, and no hidden charges. Apply now!
EMI Calculator for an Urgent Shopping Loan
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EMI Amount = *
Shopping Loan Interest Rate and Other Charges
We offer competitive interest rates and nominal charges:
| 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 |
| Prepayment/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) |
| Hidden Charges | Nil |
Eligibility Criteria for an Online Shopping Loan
Apply for a Personal Loan for shopping, just by meeting this simple eligibility criteria:
Age
Citizenship
Employment
Working Experience
Monthly Income
- Age: 22 to 57 years.
- Citizenship: Indian.
- Employment: Full-time job at specified organisations (Central Govt, PSU, MNCs, etc.).
- Working Experience: Minimum 1 year, with at least 1 month in the current job.
- Monthly Income: Net monthly take home of at least ₹30,000.
Documents Required for a Personal Loan for Shopping
Submit just a few basic documents to avail of a loan for shopping and enjoy your shopping experience:
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KYC documents
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Address Proof
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Income Proof
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Employment Proof
- KYC Documents: Government-issued IDs such as PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
- Address Proof: Rent agreement, utility bills, or passport.
- Income Proof: Latest salary slips for the last 3 months and bank statement for the past three months.
- Employment Proof: Employee ID card or official mail ID.
Why Opt for an Online Loan for Shopping from Poonawalla Fincorp?
Fulfil your dreams with Poonawalla Fincorp’s best features and benefits:
- Easy Loan Application Process: Apply for a loan online with a streamlined application process.
- High Loan Amount: Get up to ₹30 Lakh with the help of our loan instantly and make all your dreams come true.
- No End Usage Restriction: Use the funds for multiple usages - travelling, shopping, education, debt consolidation, etc.; there are no end usage restrictions on our loan.
- Flexible Repayment Tenure: Shop now and enjoy the benefits of flexible repayment tenure of up to 60 months, which can be tailored as per your need and convenience.
- Attractive Interest Rates: We offer competitive interest rates so that your overall cost of borrowing is lower.
- No Hidden Charges: All the fees and charges are communicated to you beforehand, ensuring there are no hidden charges, and you pay whatever is communicated to you.
How to Apply for an Instant Shopping Loan Online in 5 Mins?
Apply
Online
Apply Online
Click on ‘Apply Now’ and fill out the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Upload all details for verification and assessment and submit.
Frequently Asked Questions About Loan for Shopping
Yes, anyone can get a loan for shopping from Poonawalla Fincorp. You just have to meet the eligibility criteria and submit the required documents when applying for a Personal Loan for shopping from Poonawalla Fincorp.
The loan amount you can borrow from us depends on your creditworthiness and loan term. We offer loan of up to ₹30 Lakh. You can qualify for the loan based on your income and credit score.
Your credit score denotes your financial standing and how well you can manage your repayments. To qualify for our loan, you must have a credit score of 750 and above.
*Terms & Conditions Apply
