Whether you are a resident or visitor to the vibrant state of Punjab, financial flexibility is important. Meet your financial requirement for education, vacation, home renovation, or medical emergencies with a Personal Loan in Punjab from Poonawalla Fincorp. Get up to ₹30 Lakh at competitive interest with minimal documentation and a hassle-free process. Apply now!
Personal Loan EMI Calculator
An EMI calculator for a Personal Loan provides you with an accurate estimate of your borrowing costs. Just enter the total loan amount, interest rate, and loan tenure, and you can calculate your EMI amount instantly.
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EMI Amount = *
Personal Loan Interest Rates in Punjab
Check out the following table and learn about the Personal Loan interest rates in Punjab and its other applicable charges:
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 to 60 months. |
Foreclosure/Prepayment Charges | 0%* if paid from own sources & 4% if paid from other sources. |
Late Payment Charges | 2% per month. |
Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes. |
Stamp Duty | At actuals (as per state) |
No Other Hidden Charges |
Eligibility Criteria for a Personal Loan in Punjab
The eligibility criteria for a Personal Loan in Punjab are:
![Citizenship Status](img/citizenship.png)
Citizenship
![Age Requirement](img/age.png)
Age
![Work Experience logo](img/employment.png)
Employment
![Employment Required](img/higher-personal-loan-amount.png)
Work Experience
![Monthly Salary Required](img/monthly-salary.png)
Income
- Citizenship: Applicant must be a citizen of India.
- Age: Between 22 to 57 years.
- Employment: Full-time job at specified organisations (Central Govt, PSU, MNCs, etc.) required for eligibility.
- Work Experience: Minimum 1 year experience
- Income: Net salary of minimum ₹30,000 per month.
Documents Required to Apply for a Personal Loan in Punjab
The following is the list of documents required for a Personal Loan in Punjab:
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KYC documents
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Income proof
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Address proof
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Proof of Employment
- KYC documents - Government-issued IDs such as PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
- Income proof - Latest salary slips for the last 3 months and bank statements for the past three months.
- Address proof - Rent agreement, utility bills, or passport.
- Employment proof - Employee ID card or official mail ID.
Features and Benefits of Personal Loan in Punjab
Here are the most important benefits and features of a Personal Loan in Punjab:
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Higher Loan Amount
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Attractive Rates of Interest
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Hassle-Free Application Process
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Minimal Documentation
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No Hidden Charges
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Flexible EMIs
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No Foreclosure Charges
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Quick Disbursal
- Higher Loan Amount: Get up to ₹30 Lakh with no restriction on the end use.
- Attractive Rates of Interest: Access quick funds with attractive interest rates as low as 9.99% p.a.
- Hassle-Free Application Process: Apply online with just a few clicks.
- Minimal Documentation: Provide just the basic eligibility documents.
- No Hidden Charges: Get a loan with zero hidden charges.
- Flexible EMIs: Choose a repayment tenure that best fits your repayment capabilities.
- No Foreclosure Charges: Prepay your loan amount with zero foreclosure charges*.
- Quick Disbursal: Get instant disbursal for your instant needs.
* T&C Apply
We Offer Personal Loan in Punjab for
- Salaried individuals
- Salaried Chartered Accountants
- Salaried Company Secretaries
- Salaried Doctors
How to Apply for Personal Loan in Punjab?
Apply for a Personal Loan in Punjab in under 5 minutes from the convenience of your home by following these 3 simple steps:
![Semi Circle Logo](img/step-circle1.png)
![Laptop Logo](img/icon-step1.png)
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
![Semi Circle Logo](img/step-circle4.png)
![Quick approvals](img/personal-details.png)
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
![Semi Circle Logo](img/step-circle1.png)
![Application Verification](img/icon-step3.png)
Verification
Verification
Submit and upload all details for verification and assessment