Get a ₹15 Lakh Personal Loan With Quick Approval
If you have a significant expense coming up and prefer not to dip into your savings, a ₹15 Lakh Personal Loan can be a practical option to finance your needs. Poonawalla Fincorp offers this loan without collateral, at affordable interest rates starting from 9.99%* p.a. You simply apply with a fully online application process, and avail funds without any hidden charges. The loan amount is disbursed directly to your bank account upon successful document verification. Apply now!
EMI Calculator for ₹15 Lakh Loan
Before applying, it is advisable to check the EMI for a ₹15 Lakh Personal Loan to understand your monthly repayment across different tenures. This where our user-friendly Personal Loan EMI Calculator can help you. Plan your EMIs simply by entering your desired loan amount, tenure and interest rate. The calculator will display the EMI instantly. Try now!
Why Choose Poonawalla Fincorp
Collateral-free Loan
AttractiveInterest Rate
Minimal Documentation
FlexibleRepayment Option
Zero ForeclosureCharges
No HiddenCharges
Apply for a Personal Loan Online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Poonawalla Fincorp has the following criteria to qualify you as a Personal Loan borrower:
| Age | Between 21 and 60 years. |
| Citizenship | Indian. |
| Employment | Full-time at Central Govt, PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP, or companies listed internally. |
| Work Experience | At least 1 year of job experience and at least 1 month of stable employment at their current job. |
| Monthly Income | At least ₹30,000. |
Learn more about eligibility criteria for a Personal Loan
Keep these ready before you start your application:
| KYC Documents | PAN Card, Aadhaar Card, Driving License, Voter ID, Passport. |
| Address Proof |
Passport, Utility Bills, Rent Agreement. |
| Income Proof | Salary slips for the last 3 months. |
| Financial Proof | Bank statement for the last 3 months. |
| Employment Proof | Office email/ Office ID card (in case the office email ID is not confirmed). |
Click here to check the Personal Loan eligibility criteria and required documents in detail.
Knowing the cost of your loan upfront helps you plan better. Here is a full breakdown of the rates and charges that apply:
| Parameter | Details |
| Interest Rate | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Processing Fees |
Up to 3% plus applicable taxes |
|
Lowest EMI/Month |
₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 84 months |
| Default Charges | 24% p.a. plus taxes |
| Dishonour Charges | ₹500 per bounce |
| Stamp Duty | At actuals (as per state) |
| Foreclosure letter Charge | Rs 500/- Plus applicable Taxes |
| Repayment Instrument/ Security Repayment Instrument Bounce charges per instance | INR 500/ |
| Repayment Instrument/ Security Repayment Instrument cancellation & re-issue/ swapping charges | INR 500/- plus applicable Taxes |
| Document retrieval charges | INR 500/- plus applicable Taxes |
| Duplicate No objection certificate | INR 500/- plus applicable Taxes |
|
Cash collection/ cash handling charges*: *Applicable for cash collection done via Lender’s employees/personnel as well as Cash deposited in Lender’s branch by the Borrower/Co-Borrower/Guarantor or any of their representative, applicable on prospective basis. |
Rs. 500/- (plus applicable Taxes) per instance. |
| Hidden Charges | Nil |
Foreclosure/ Prepayment Charges
|
Applicable taxes will be charged in addition to the above rates.
Retention Charge
|
Click to know the Personal Loan interest rate and charges in detail.
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
There are no restrictions on how you use the funds. Here are some common uses:
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Wedding: A ₹15 Lakh Personal Loan can cover venue bookings, catering, jewellery, and other wedding expenses without straining your savings or relying on family support.
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Home Renovation: Whether you are upgrading your interiors, renovating your kitchen, or adding a new room, this loan allows you to begin immediately instead of waiting to save.
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Higher Education: Expenses such as course fees, accommodation, and other costs for premium institutions in India or abroad can be managed without opting for high-cost alternatives.
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Medical Emergency: Planned treatments or surgeries not fully covered by insurance can be addressed without delay.
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Debt Consolidation: If you have multiple loans or high-interest credit card debts, consolidating them into a single Personal Loan can simplify repayments and reduce overall costs.
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Travel: Planning an international holiday or an extended family trip becomes easier with readily available funds and manageable EMIs.
This loan is available to a wide range of applicants. You can apply if you fall under any of the following categories:
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Salaried Individuals: Professionals employed in eligible organisations with a stable monthly income and at least one year of work experience.
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Salaried Doctors: Medical practitioners working in hospitals, clinics, or healthcare institutions.
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Salaried Chartered Accountants: CAs employed in accounting firms, corporate finance, or audit practices.
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Salaried Company Secretaries: CS professionals working in corporate governance or compliance roles.
Getting approved is easier when your financial profile is in good shape. Keep these points in mind before applying:
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Maintain a healthy CIBIL score: Pay all your bills and EMIs on time. A score of 750 or above indicates strong creditworthiness and can help you secure a better interest rate on a ₹15 Lakh Personal Loan.
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Check your credit report before applying: Look for errors or outdated entries and get them corrected to avoid unnecessary delays.
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Monitor your debt-to-income ratio: If a significant portion of your income is already committed to EMIs, reducing this burden can strengthen your application.
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Keep your documents ready: Having all required documents organised in advance helps streamline the process and ensures faster loan approval.
Happy Customers, Happy Us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely. Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution. I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
I am incredibly grateful for the outstanding support I received throughout my loan process. The guidance provided made every step feel manageable and stress-free. What stood out most was the humility and genuine willingness to help at every stage, qualities that made a significant difference in my experience. Without this support, the journey would have been far more challenging. I truly appreciate the dedication and helpful nature that was consistently demonstrated. The efforts put forth were invaluable, and I feel fortunate to have worked with someone so committed and supportive.
It was really great working with Poonawalla Fincorp. Thanks to the support and coordination by the team. I was able to get a significant portion of my requirements despite having a bit of a mess in my financial records. The loan processing and disbursement process at Poonawalla Fincorp was super smooth. They were incredibly cooperative and helpful. I’m looking forward to building a healthy relationship with them in the future. Thank you.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
At 9.99%* p.a. for 60 months, the ₹15 Lakh Personal Loan EMI comes to around ₹31,900 per month. For 84 months, it drops to about ₹25,200. Use the Personal Loan EMI Calculator for the exact figure based on your tenure.
The ₹15 Lakh Personal Loan EMI is worked out using three things: the loan amount, the interest rate, and the tenure. A longer tenure brings the monthly payment down; however, it increases the total interest you pay. A shorter tenure costs less overall; however, the monthly EMI is higher.
Getting an instant Personal Loan for a ₹15,000 salary for ₹15 Lakh is unlikely since the minimum income required is ₹30,000 per month. Adding a co-applicant with a higher salary and a strong CIBIL score can help your case.
You need a minimum monthly income of ₹30,000. A Personal Loan for a salary above ₹15,000 may be considered in some cases; however, the amount approved depends on your full financial profile and credit history.
Yes. You do not need to put up any property, gold, or other assets as security. It is a fully unsecured loan.
Once your documents are verified and your application is approved, the amount is credited to your bank account quickly. Having all your documents ready from the start helps speed things up.
You will be charged a default fee of 24% per annum plus taxes, and your CIBIL score will take a hit. Setting up an auto-debit is the easiest way to make sure you never miss a payment.
Yes. If you have paid more than 18 EMIs using your own funds, there are no foreclosure charges. For closures before that point, a percentage of the outstanding principal is charged depending on how many EMIs have been paid.
You can go to the Personal Loan Eligibility Calculator, enter your monthly income, existing EMIs, and preferred tenure, and it will show you the loan amount you qualify for right now.
The maximum loan tenure is 84 months. A longer tenure reduces the monthly EMI for a ₹15 Lakh Personal Loan; however, it increases the total interest paid over time. Use a Personal Loan EMI calculator to compare different tenures and choose the option that best suits your budget.