personal loan in Karnataka

Personal Loan in Karnataka

Loan up to ₹30 Lakh | Minimal Documentation | Competitive Interest Rates

Karnataka has consistently shown strong economic growth and is among the top five states in India. The state is known for its diverse range of attractions, including wildlife and national parks, heritage sites and monuments, beaches, and pilgrimage sites. Karnataka, particularly Bengaluru, is often dubbed the "Silicon Valley of India," home to several leading IT companies and growing start-ups. As the city's growth continues, there is a high demand for additional financial assistance. If you require additional funds, Poonawalla Fincorp's Personal Loan in Karnataka is an excellent option. You can borrow up to ₹30 Lakh with minimal documentation, no hidden fees, no need for collateral, and other benefits.

When you apply for a Personal Loan from Poonawalla Fincorp in Karnataka, you can enjoy various features and benefits:

  • Minimal documentation Logo

    Collateral-free

  • No usage constraints

    Multi-purpose Usage

  • Low interest rates Logo

    Competitive interest Rates and Charges

  • Instant approval and rapid disbursal

    Quick Approval

  • Instant approval and rapid disbursal

    Instant Disbursal

  • No hidden charges

    No Hidden Charges

  • NZero foreclosure/pre-payment fees

    No Penalty for Prepayment or Foreclosure

  • High loan amount

    Flexible Repayment Plans

  • Easy Application Process

    Simple 5 Step Online Application

  • Higher Personal Loan amount Logo

    Easy-to-Use EMI Calculator

The interest rate of Poonawalla Fincorp's Personal Loan starts at 9.99%* per annum. To know more about the interest rates and charges related to Personal Loan, you can refer to the table below:

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
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 3% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges
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To be eligible for a Personal Loan from Poonawalla Fincorp in Karnataka, you must meet certain criteria. Refer to the table below for details.

Age Requirement

Age

22 years at the time of loan application and not more than 57 years

Work Experience Required

Work Experience

Salaried employees with 1 year of work exprience

Citizenship Status

Citizenship

Indian

Monthly Salary Required

Monthly Income

Starting ₹30,000 based on your city of residence

When applying for a Personal Loan with Poonawalla Fincorp, you must submit the following list of documents.

Documents Category Personal Loan Documents Required
KYC Documents PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
Current Address Proof Passport/Utility Bills/Rent Agreement
Income Documents Latest salary slips for the last 3 months
Financial Documents Bank Statement for the last 3 months
Employment Proof Official Mail ID Confirmation/Employee ID Card (in case official mail ID confirmation is not possible)
  • Salaried Individuals

    Salaried individuals

  • Doctors

    Salaried Doctors

  • Chartered Accountants

    Salaried Chartered Accountants

  • Company Secretaries

    Salaried Company Secretaries

You can instantly avail of a Personal Loan in Karnataka for the following mentioned purposes:

  • Home renovation: If you're planning to renovate your home, you can apply for a Personal Loan with Poonawalla Fincorp. Our Personal Loan in Karnataka offers a competitive interest rate, making it affordable for your home renovation.
  • Higher Education: For higher education, Poonawalla Fincorp's Personal Loan in Karnataka offers a higher loan amount to support your expenses.
  • Medical Emergencies: Medical emergencies can be a burden on finances and health. To tackle any such situation, you can avail Poonawalla Fincorp's Personal Loan in Karnataka.
  • Travel: If you love to travel, Poonawalla Fincorp's Personal Loan in Karnataka can help you explore any destination in India or worldwide.

With Poonawalla Fincorp's Personal Loan in Karnataka, you can enjoy benefits such as a higher loan amount, attractive interest rate, minimal documentation, and no hidden charges. You can apply for the loan instantly and get quick approval.

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Enter your DOB, qualification, and residential details

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Poonawalla Fincorp Limited

Address: 2nd Floor, HM J.C.Road, 36 J.C.Road, Near Minerva Circle, Bangalore-560 002, Karnataka
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (First, second & third Saturdays and all Sundays will be weekly off.)


Address: 2nd Floor, Kalburgi-Mahalakshmi Mansion, New Cotton Market, Hubli - 580029
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (First, second & third Saturdays and all Sundays will be weekly off.)


Address: CH-26/1, 5th Cross Road, Akshaya Bhandar, Saraswathipuram, Mysuru, Karnataka 570009
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (First, second & third Saturdays and all Sundays will be weekly off.)


Address: Ground Floor, Phoenix Ciyadel ,Castle Street, Richmond Town,Bangalore-560025, Karnataka
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (First, second & third Saturdays and all Sundays will be weekly off.)


*Terms & Conditions Apply

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