Get Personal Loan with Quick Disbursement
Avail Unsecured Personal Loan
Bangalore (Bengaluru), also known as the Silicon Valley of India, is the largest city and capital of Karnataka. This beautiful city is known for its landscapes, eateries, and nightlife. Its contribution as a leading IT exporter to the world is commendable. Residents of the city can now apply online for a Personal Loan.
Poonawalla Fincorp has established 2 branches in the city. We offer multi-purpose unsecured loans that can help fulfil all your monetary needs. Get a loan for personal use of up to ₹50 Lakh with competitive interest rates and benefits like a flexible repayment tenure, relaxed eligibility criteria, and minimal documentation requirements.
Explore Different Types of Personal Loans
Even professionals like doctors and CAs might need unsecured loans to fulfil their personal needs. We offer customised personal loans for Chartered Accountants, CS, Salaried employees, Government employees, and Doctors. Loan amounts of up to ₹50 Lakh can be availed and repaid in a tenure of up to 84 months for personal needs.
Check Monthly EMI Amount For Personal Loan In Bangalore
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Personal Loan Interest Rates
We offer a Personal Loan at attractive interest rates. A brief analysis of interest rates would reveal that our rate is among the most competitive in the market.
| 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 – 84 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Criteria for Personal Loan
The eligibility criteria must be flexible for a loan to be effortless for the borrower. We take utmost care to save the applicant’s time at every step of the loan application, approval, and disbursal process. We have a simple eligibility criteria:
Personal Loan Eligibility Criteria
Age
not less than 21 years and not more than 60 years
Citizenship
Mandatory Indian
Work Experience
One-year work experience with 1 months at the current employer
Monthly Salary
Minimum ₹30,000
- Age (Min 21 years and Max 60 years)
- Citizenship (Indian only)
- Employment (full-time with companies of various types)
- Work Experience (Total at least 1 yr. with Min 1 months at current place)
- Monthly Income (Min ₹30,000)
Documents Required to Apply for a Personal Loan
To get an immediate Personal Loan with us, you must submit the following documents:
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PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport for KYC
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Your Latest salary slips for the last 3 months
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A 3-month statement of the bank account where your salary gets deposited
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Passport/ Utility bills/ Rent Agreement as current address proof
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Employment proof in the form of your official mail ID confirmation or your company Identification Card
With this minimal documentation, you can finance your personal needs instantly.
Features And Benefits of Personal Loan
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Collateral-free Loan
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Minimum Documents Required
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Quick Sanctions & Disbursals
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Competitive Interest Rates
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Transparency about Charges
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Flexible Repayment Tenures
- Collateral-free Loan - You can borrow money without having to mortgage your assets. Our unsecured loans can fulfil your financial requirements.
- Minimum Documents Required - No more excessive paperwork and submission of endless documents for availing a loan! You can check the documents required for a Personal Loan and even avail of a loan online in just a few easy steps.
- Quick Sanctions & Disbursals - Our loan application process is simple from start to end. Our simple eligibility criteria and minimal document requirements enable us to approve and disburse loans quickly.
- Competitive Interest Rates - We offer loans at competitive interest rates, and we levy a nominal one-time processing fee. So, you can easily manage affordable EMIs due to low interest rates.
- Transparency about Charges - When you take a loan for personal use from us, you are informed about every little charge involved from the start. There will be no hidden charges! One benefit of our loan is that we don’t levy foreclosure/pre-payment charges even if you repay the loan in advance.
- Flexible Repayment Tenures - With us, you can comfortably repay your loan in up to 84 months. A longer tenure means a lower EMI, and similarly, a shorter tenure means a higher EMI but lower interest.
Various Reasons to Take a Personal Loan
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Medical Emergencies
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Home/Business Expansions
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Personal Expenses
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Consolidating Debt
- Medical Emergencies - During medical emergencies, you may suddenly need extra funds. We provide loans for personal use with minimal documentation and quick approval.
- Home/Business Expansions - Your home might need a makeover, or your business might need an expansion. One of the features of our personal loans is that there is no restriction on how you use the amount.
- Personal Expenses - Whether you need funding for a wedding, a child’s education fees, travel, or an overseas tuition fee, our loan can help. You can get an unsecured loan of up to ₹50 Lakh with a repayment tenure of up to 84 months.
- Consolidating Debt - Handling multiple loan accounts with varied interest rates can be difficult. You can consolidate it by availing yourself of a single loan that pays off the multiple loans. Hence, you can comfortably pay and track your expenses with a single EMI.
Apply for Personal Loan within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions
Getting a loan from us is very easy. Just a few steps will do the job for you:
- Click on “Apply Now”.
- Fill out the application form.
- Upload all the necessary documents.
So, you need not visit our branch or wait endlessly for approval. If you have all the documents ready and fulfil our eligibility criteria, the loan amount will be disbursed instantly!
If you need further help, find one of our branches near you!
Poonawalla Fincorp Limited
Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025
Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002
Contact Number: 1800 266 0009
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Adding on a loan liability is a difficult financial decision, but you might need to take a loan for an unplanned circumstance. We at Poonawalla Fincorp promise to make the whole loan application and sanction process comfortable for you. With our user friendly website, you may check the needed documents and eligibility criteria and use our free Personal Loan EMI Calculator beforehand.
*Terms & Conditions Apply
