Get a Cash Loan for Urgent Financial Needs
An instant cash loan is a quick and ideal solution when you have to cover urgent expenses. Unlike traditional personal loans, these loans are specifically designed to provide instant access to financing. For purposes like medical bills or business working capital needs, it provides access to funds when you need them the most.
Poonawalla Fincorp provides emergency cash loans of up to ₹5 lakh and interest rates starting from just 16% per annum. Our 100% online application not only requires minimal documents but also guarantees faster approval. Apply now for an instant cash loan!
Why Apply for ₹5 Lakh Instant Cash Loan?
An instant cash loan of ₹5 lakh is a wise decision when you need emergency financial support or want to achieve a planned objective. This personal loan is easy to qualify for and is approved quickly within a few minutes. It also offers you the flexibility to use the funds for:
• Medical expenses
• Travelling
• Home renovation
• Education (college tuition fee)
• Business needs
Why Choose Poonawalla Fincorp
Collateral-free Loan
AttractiveInterest Rate
MinimalPaperwork
Flexible Loan Tenure
QuickApproval
No HiddenCharges
EMI Calculator for a Cash Loan
Our Personal Loan EMI calculator helps you estimate the exact amount you need to pay every month in EMIs. By entering the amount of the loan you want, tenure, and interest rate, you can view the total interest and amount you will pay. As EMI becomes a part of your monthly outgoings, the calculator helps you effectively manage your monthly budget. Try it now to plan your finances better and choose a loan that fits your budget perfectly!
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.
Eligibility Criteria for a Cash Loan
Fulfil our simple eligibility criteria to qualify for a cash loan:
- Age: Between 21 and 60 years.
- Citizenship: Indian
- Work Experience: A minimum of 1 year of total experience and 1 month of experience with current employer.
- Monthly Salary: A minimum of ₹30,000.
- Employment Status: Full-time job at any Pvt Ltd, listed, unlisted Public Ltd company, LLP, MNC or the Central Government
Click to know more about eligibility criteria in detail.
Documents Required to Apply for a Cash Loan
Submit just a few essential documents for a seamless application:
- KYC Documents: PAN Card, Voter ID, Passport, Driving License, or Aadhaar Card.
- Address Proof: Utility Bills, Rent Agreement or Passport.
- Employment Proof: Official mail ID or employee ID card.
- Income Proof: Salary slips for the past 1 month.
- Financial Proof: Bank account statements for the past 3 months.
Note: The list of loan documents mentioned above is indicative. You may have to submit additional documents during the loan processing stage.
Cash Loan Interest Rate and Charges
Poonawalla Fincorp offers cash loans at attractive interest rates without any hidden charges.
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: 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
Why Get a Cash Loan Online
There is no end-use restriction on cash loans from Poonawalla Fincorp. The funds can be used to:
- Pay medical bills - Financial obligations arising from medical emergencies can be easily taken care of with a quick loan.
- Finance higher education expenses – Fulfil your higher education dreams or pay for your family member’s education at a premier educational institution with our emergency cash loan.
- Manage travel expenses - Travel to your favourite destinations easily with our collateral-free loan.
- Fund wedding expenses - Manage all your wedding costs, including decorations, catering, venue, events, etc., with a hassle-free cash loan.
- Pay for home renovation - Get a cash loan to finance your home refurbishment expenses.
- Purchase consumer durables - Buy the latest electronic gadgets and other household appliances with our collateral-free cash loan.
Interest Rate and EMI Calculation of ₹5 Lakh Cash Loan
The EMI details for a ₹5,00,000 cash loan at an interest rate of 9.99% p.a. for various tenures are displayed in the table below:
|
Loan Amount ₹ |
Tenure (Months) |
Interest Rate (p.a.) |
Monthly EMI (₹) |
Total Interest (₹) |
Total Amount Payable (₹) |
|
₹5,00,000 |
12 |
16% |
45366 |
44385 |
544385 |
|
₹5,00,000 |
15 |
16% |
36999 |
54981 |
554981 |
|
₹5,00,000 |
18 |
16% |
31429 |
65708 |
565708 |
|
₹5,00,000 |
21 |
16% |
27456 |
76567 |
576567 |
|
₹5,00,000 |
24 |
16% |
24482 |
87557 |
587557 |
|
₹5,00,000 |
27 |
16% |
22174 |
98679 |
598679 |
|
₹5,00,000 |
30 |
16% |
20332 |
109931 |
609931 |
|
₹5,00,000 |
33 |
16%% |
18828 |
121314 |
621314 |
|
₹5,00,000 |
36 |
16% |
17579 |
132827 |
632827 |
Your EMI and total amount paid are determined by the cash loan's interest rate. You will pay a higher EMI but less interest if you apply for a 1-year cash loan of ₹5 lakh. You will pay more interest but fewer EMIs if you take out a 5-year cash loan.
How To Apply For Instant Cash Loans?
Getting started with your loan application takes just a few clicks and minimal paperwork. Here is the step-by-step application process for instant cash loans:
• Click on Apply Now: Click on Apply Now to start your instant cash loan application.
• Enter Details: Fill in your personal, employment, and income details in the online form and then submit it.
• Disbursement: Once approved, the loan amount is credited to your bank account through online banking.
What are the Features and Benefits of an Instant Cash Loan?
Poonawalla Fincorp’s short-term loan blends speed, simplicity, and transparency to address your instant cash needs. You get a convenient digital process where you apply online, complete instant eKYC, and get a quick disbursal. There is no paperwork hassle.
• Fast Approval: Take advantage of a simple and quick approval process that guarantees your loan will be approved and disbursed within a few minutes.
• Flexible Repayment Tenure: With a tenure ranging from 12 to 84 months, you can choose a repayment plan that fits your monthly budget.
• Competitive Interest Rate: Enjoy a competitive interest rate that starts at 9.99% annually and guarantees affordable EMIs.
• Minimal Paperwork: Very little paperwork is needed because the application process is 100% online.
• Minimal Loan Amount with No Use Limitations: Addresses a wide range of needs, such as travel, education, home renovation, and medical emergency.
• No Prepayment or Foreclosure Fees: Without incurring any additional costs or penalties, pay off your debt early.
Instant Disbursal and Fully Digital Customer Journey
With our end-to-end digital journey for loan application, you can complete the entire process using any device within minutes. Instant eKYC uses your PAN Card and Aadhaar Card to verify your identity. This eliminates the need to visit branches and avoids paperwork delays.
Once your details are approved, funds from your instant cash loan are credited directly to your bank account. You can track every step in real time through our portal or mobile app. This paperless process ensures you meet urgent cash needs without waiting days for approval.
Dedicated Support and Value Added Services
Get 24×7 customer support complementary with Poonawalla Fincorp's instant loan to guide you through every step. You can opt for features like a payment holiday to skip an EMI during financial stress or Life Cover to protect your loan balance in unforeseen events. Our Safe Pay option helps you manage EMIs directly from your bank account, reducing the risk of missed payments.
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
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
After you submit your online loan application with all KYC documents, Poonawalla Fincorp checks your details. Most applicants see their instant cash loan credited within a few minutes to hours after approval.
An instant cash loan from an RBI-regulated NBFC like Poonawalla Fincorp offers the convenience of a completely digital loan application process without any branch visits or piles of paperwork for bank approval. It offers quick and easy access to funds for all your urgent needs.
Poonawalla Fincorp offers emergency cash loans of up to ₹50 lakh. Since this is an unsecured loan, there’s no collateral requirement.
Poonawalla Fincorp requires a CIBIL score of at least 750 in order to approve a quick personal loan. If your credit score is less than 700, you can still apply, but expect tougher scrutiny and somewhat higher interest rates on your cash loan.
Processing charges on your instant cash loan can be up to 3% of the sanctioned amount plus applicable taxes, all disclosed before you sign.