Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months
Hidden Charges
0%

Apply for a ₹50 Lakh Personal Loan Online

Fulfil all your dreams worry-free with our ₹50 Lakh Personal Loan. From home renovation to higher education costs and arranging a grand wedding, meet all your needs with our loan. Get quick access to funds with minimal documents, quick approval, and flexible repayment tenure. Apply now! 

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Attractive
Interest Rate
100% Digital
Application
Minimal
Documentation
Quick
Disbursal
Flexible
Repayment Options

Personal Loan EMI Calculator

Check your monthly repayment instalments with our EMI calculator. Just enter the loan amount, tenure, and interest rate. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a ₹50 Lakh Personal Loan

Access funds instantly with our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp
  • Work Experience: Minimum 1 year, with at least 1 month in the current job.
  • Monthly Income: Minimum net monthly salary of ₹30,000.

Documents Required for ₹50 Lakh Personal Loan

Submit just a few essential documents:

  • KYC Documents: Aadhaar Card, PAN Card, Voter ID, Driving License, or Passport.
  • Address Proof: Passport, Utility Bills or Rent Agreement.
  • Employment Proof: Official Email ID or Employee ID Card.
  • Income Proof: Last 1 month’s pay slip and 3 months bank statements
  • Financial Documents: Bank statements for the last 3 months

Interest Rates and Charges for a ₹50 Lakh Personal Loan

We offer personal use loans at competitive interest rate and minimal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12-84 months
Prepayment/Foreclosure Charges
1. Before repayment of first six EMI:
i) If Foreclosure or Prepayment is done including balance transfer from another financial institution – 4 % on amount being prepaid plus applicable taxes.
2) After repayment of first six EMI:
i) If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges.
ii) If Foreclosure or Prepayment is done any other source including by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes.
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus chargeable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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

Different Uses of a ₹50 Lakh Personal Loan

  • Wedding
  • Higher Education
  • Home Renovation
  • Debt Consolidation 
  • Medical Emergency
  • Vacation
     

Who Can Get a ₹50 Lakh Loan

  • Salaried individuals
  • Salaried doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Check your CIBIL score
  • Avoid multiple loan applications
  • Fill the application correctly
  • Upload all the necessary documents
     

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the lowest EMI on Poonawalla Fincorp’s ₹50 Lakh Personal Loan?

The lowest monthly EMI for a ₹50 Lakh loan is ₹106,211/month, considering a 9.99% p.a. interest rate and a 5-year tenure.

Do I have to pledge any collateral to avail of a ₹50 Lakh loan?

No, you can avail of a Personal Loan of ₹50 Lakh without pledging any collateral.

How much time does it take for a Personal Loan application to process?

You can get approval and disbursement instantly after successful verification and approval.