Personal loan in Punjab @9.99%* Rate - Apply Online Instantly

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 ₹50 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.

Loan Amount

1,00,000 50,00,000

Interest Rate %

9.9% 30%

Tenure

1 Year 7 Years

Calculate

EMI Amount = *

Check Repayment Schedule
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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 ₹50 Lakh.
Loan Processing Fees	Up to 3%.
Lowest EMI Per Month	Starting from ₹2,124* per Lakh for 60 months.
Loan Tenure	12 to 84 months.
Foreclosure/Prepayment 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 a Personal Loan in Punjab

The eligibility criteria for a Personal Loan in Punjab are:

Citizenship

Age

Employment

Work Experience

Income

Citizenship: Applicant must be a citizen of India.
Age: Between 21 to 60 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:

KYC documents
Income proof

Address proof
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:

Higher Loan Amount
Attractive Rates of Interest
Hassle-Free Application Process
Minimal Documentation

No Hidden Charges
Flexible EMIs
No Foreclosure Charges
Quick Disbursal

Higher Loan Amount: Get up to ₹50 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.