personal loan in Salem

Personal Loan in Salem

Starting @ 9.99%* p.a.

Competitive Interest Rates | Quick Approvals | Collateral-Free

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, Poonawalla Fincorp offers Personal Loan in Salem. Our Personal 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 Personal Loans in Salem come with quick disbursal, minimal documentation, and a hassle-free application process.


At Poonawalla Fincorp, you can avail of Personal Loans in Salem 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 Personal Loans in Salem:

Interest Rate Starting from 9.99%*p.a.
Loan Amount ₹1 Lakh to ₹30 Lakh
Loan Processing Up to 2% plus applicable taxes
Lowest EMI Per Month* Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12-60 months
Pre-Payment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable charges
Stamp Duty At actuals (as per state)
No Other Hidden Charges

The following features are definitely important when you avail of a Personal Loan in Salem from Poonawalla Fincorp:

  • Easy and hassle-free process
  • Flexible repayment tenure
  • Minimal documentation
  • Attractive interest rates
  • High loan amount

We offer a Personal Loan in Salem for:

  • Salaried Individuals

    Salaried individuals

  • Government Employees

    Government Employees

  • Doctors

    Salaried Doctors

  • Chartered Accountants

    Salaried Chartered Accountants

  • Company Secretaries

    Salaried Company Secretaries

Following are the different types of Personal Loans in Salem offered by Poonawalla Fincorp:

  • Wedding Loans
  • Home Renovation Loans
  • Debt Consolidation Loans
  • Medical Loans
  • Travel Loans

If you want to avail of a Personal Loan in Salem for your financial requirements follow the below simple steps:

  • Check your loan eligibility on our official website.
  • Choose the loan option that best fits your requirements and click 'Apply Now.'
  • Fill in the application form.
  • Provide the required documents.

Our team will promptly assess your application and disburse the loan amount upon successful verification. For a more personal experience, you can visit our branch at the given address.

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Apply Online

Click on ‘Apply Now’ and complete the application form

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Quick approvals

Personal Details

Enter your DOB, qualification, and residential details

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Application Verification


Submit and upload all details for verification and assessment

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.)

What is the documentation required for a Personal Loan in Salem?

At Poonawalla Fincorp, we aim to simplify obtaining a Personal Loan online by asking for minimal documentation. Here are the most common documents expected during Personal Loan application in Salem - KYC documents, Income Proof, Financial documents, Address proof, and Proof of Employment.

What is the minimum and maximum age criteria to be eligible for a Personal Loan in Salem?

To be eligible for a Personal Loan in Salem, you must be aged between 22 to 58 years old.

*Terms & Conditions Apply

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