Get Personal Loan With Fast Disbursement
Finance every need with an affordable personal loan
Chennai, formerly known as Madras and the Gateway to South India, is a major administrative and cultural centre. It is one of the fastest growing and most developing cities in India. Moreover, the city has been rated as one of the safest cities, and it stands out for its hospitality.
Our multi-purpose loan is customized to meet your personal needs, whether for an emergency, education, vacation, wedding, or any other financial need in the family. Enjoy the best Personal Loan with low interest rate and attractive benefits like flexible tenure, a minimal documentation process, and zero* foreclosure charges.
We provide unsecured loans of up to ₹50 Lakh with the lowest interest rate and multiple benefits like a flexible repayment tenure, easy eligibility criteria, and minimum document requirements.
Check Monthly EMI Amount For Personal Loan In Chennai
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EMI Amount = *
Personal Loan Interest Rates
Our Personal Loan comes with the lowest interest rates. This is to ensure that achieving your goals and fulfilling your dreams becomes stress-free and hassle-free.
| 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 Instant Personal Loan
Having a simple eligibility criteria ensures that you can finance your personal needs easily:
Personal Loan Eligibility Criteria
Age
between 21 and 60 years
Citizenship
Indian
Work Experience
At least 1 year and employment of at least 1 months with the current employer
Monthly Salary
should be at least ₹30,000
- Make sure that you are at least 21 years of age at the time of applying for the loan and not more than 60 years of age.
- You mandatorily need to be an Indian citizen.
- You must be employed full-time with a reputed company
- You must have an overall work experience of at least one year and must be working at the current place for at least the past one months
- Monthly salary should be at least ₹30,000
Documents Required to Apply for a Personal loan
Be ready with the following documents to apply for a loan for personal use:
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KYC – PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
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Income document in the form of the latest salary slip
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Bank statement of salary account for the past 3 months
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Address Proof -- Passport/ Utility bills/ Rent Agreement
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Proof of employment in the form of Employee ID Card
Features and Benefits of Personal Loan
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Higher Loan amount of up to ₹50 Lakh
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Competitive interest rate
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Eligible for customers between 21-60 years
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Transparent loans with no hidden charges
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Flexible repayment tenure
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Minimal documentation process
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No foreclosure or pre-payment charges*
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Quick approval and easy disbursal
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Easy and hassle-free process
- Higher loan amounts up to ₹50 Lakh - Access up to ₹50 Lakh based on your profile and meet both small and big-ticket obligations.
- Competitive interest rates - We offer loans for personal use at competitive interest with a nominal one-time processing fee. You can easily manage affordable EMIs due to low-interest rates.
- Eligible for customers between 21-60 years - Age should be a minimum of 21 years at the time of loan application and a maximum of 60 years.
- Transparent loans with no hidden charges - There’s nothing hidden in our fine print, and all loan conditions are presented transparently. This loan has no additional charges, and you only pay what is communicated.
- Flexible repayment tenure - Choose a tenure as per your comfort of loan repayment, and it can range up to 84 months.
- Minimal documentation process - We ask for minimal documentation. This makes the application process relatively simple, which is why these loans are approved and disbursed quickly. Lengthy and complex eligibility and documentation criteria can make availing of a loan quite stressful. With us, you don’t have to worry about documentation and can focus on the utilization of money for personal needs.
- No foreclosure or pre-payment charges* - One of the most important features of our loans is that you can enjoy interest savings by diverting any disposable income you may have toward loan prepayments. To make things better, there are no prepayment or foreclosure charges at all.
- Quick approval and easy disbursal - Loan processing can be taxing and time-consuming, but we promise an uncomplicated experience. Thanks to our simple eligibility criteria, you can avail of quick loans when you need funds. We approve applications instantly and disburse your approved sanction in quick time.
- Easy and hassle-free process - We leverage online loan application process to minimize the effort needed to get a Personal Loan. Apply online for our loan offering in a few easy steps through the user-friendly portal!
Explore Different Types of Personal Loans
Even professionals like doctors and CAs might need unsecured loans to fulfil their personal or business needs. We offer customized personal loans for Chartered Accountants, CS, Salaried Employees, Government Employees, and Doctors. Get up to ₹50 Lakh that can be repaid in a tenure of up to 84 months.
Avail Personal Loan for Various Purposes
Medical Emergencies - During medical emergencies, you may need extra funds to handle the hospital expenditure. Our Personal Loans can be availed with minimal documentation and quick approvals.
Home/Business Expansions - Your home might need a makeover, or your business might need an expansion. One of the features of our loan is that there is no limit on how you use the amount; hence, it can be used for any of your requirements.
Personal Expenses - Be it funding for a wedding, a child’s education fees, travel, or the expense of a medical emergency, our loan can be helpful to fund all such costs. 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
Applying for a apply is an extremely easy process with just a few steps to follow:
- 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 will be yours quickly!
If you need further help, find one of our branches near you!
Poonawalla Fincorp Limited
Address: 2nd Floor, The Oval Tower, Venkata Narayana Road, T.Nagar, Chennai Tamil Nadu-600017
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*Terms & Conditions Apply
