Avail of a Personal Loan
Salem is known as the ‘Geologist’s Paradise’ and is the fifth largest metropolitan city in the state of Tamil Nadu. Another significance of Salem is that it houses several businesses such as silver anklets, sago, mangoes, steel, and textiles.
As the city continues to grow and prosper, the financial needs of its residents also evolve. To cater to these evolving financial requirements, we offer Personal Loan. Our loans are specifically designed to meet a variety of needs, whether it's funding your higher education, covering medical expenses, planning a wedding, renovating your home, or fulfilling any other personal financial goals.
At Poonawalla Fincorp, we prioritize convenience and efficiency. Our loans come with quick disbursal, minimal documentation, and a hassle-free application process.
Check Monthly EMI Amount For Personal Loan In Salem
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EMI Amount = *
Interest Rates and Charges for Personal Loans
We offer funds with attractive interest rates starting from 9.99%* p.a., and without the need for any collateral.
Below is a table presenting the applicable interest rates and other charges related to our unsecured loan for personal use.
| Interest Rate | Starting from 9.99%*p.a. |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing | Up to 3% |
| Lowest EMI Per Month* | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12-84 months |
| Pre-Payment/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 charges |
| 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.
Features and Benefits of Personal Loans
The following features are definitely important when you avail of a loan from us:
- Easy and hassle-free process
- Flexible repayment tenure
- Minimal documentation
- Attractive interest rates
- High loan amount
We offer a Personal Loan for:
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Salaried individuals
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Government Employees
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Salaried Doctors
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Salaried Chartered Accountants
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Salaried Company Secretaries
Types of Personal Loans:
Following are the different types of loans offered by us:
- Wedding Loans
- Home Renovation Loans
- Debt Consolidation Loans
- Medical Loans
- Travel Loans
How to Apply for a Personal Loan?
If you want to avail of a loan for your financial requirements follow the below simple steps:
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Step 1: Click ‘Apply Now’
Fill out the form online to start your loan application. -
Step 2: Upload Documents
Provide your KYC documents to complete the verification. -
Step 3: Get Funds
Get the loan amount disbursed to your bank account.
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
Poonawalla Fincorp Branch Address in Salem
Poonawalla Fincorp Limited
Address : No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem,Tamil Nadu-636004
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Frequently Asked Questions
We aim to simplify obtaining a Personal Loan online by asking for minimal documentation. Here are the most common documents expected for loan application - KYC documents, Income Proof, Financial documents, Address proof, and Proof of Employment.
To be eligible for this loan, you must be aged between 21 to 60 years old.
*Terms & Conditions Apply
