Get a Personal Loan for Dynamic Salaried Individuals
Dynamic Salaried Personal Loan is a smart, flexible Personal Loan designed for dynamic salaried individuals who want the freedom to withdraw funds when needed and pay interest only on the utilised amount during the initial phase. Enjoy the hybrid flexi Personal Loan with an interest-only (straight-line) period first, followed by a dropline phase where EMIs include both principal and interest.
Why Choose Poonawalla Fincorp
- Hybrid flexibility: Interest-only start, structured repayment later.
- Pay for What You Use: Interest charged only on the utilised amount during the straight-line period.
- Longer tenures: Repayment period of up to 8 years for comfortable EMIs (as per policy).
- Transparent Pricing: Interest rates starting at 11.50% p.a., with clearly defined fees and charges.
- Digital-first journey: Fast online application with quick credit decisions.
- No collateral: Unsecured personal loan option available for salaried individuals.
Apply for a Personal Loan Online in Just 3 Steps
Click on “Apply Now”
Tap the “Apply Now”button to initiate your application.
Click on “Apply Now”
Enter your DOB, PAN card number, monthly income, KYC details and residential details.
Click on “Apply Now”
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Frequently Asked Questions
A Flexi Prime Personal Loan is a hybrid Personal Loan product designed for salaried individuals who need flexibility in managing their finances.
Interest is charged on the amount you withdraw, and for the number of days you use it:
Interest = Utilized Amount × Annual Rate × (Days / 360)
Your available credit limit decreases with tenure, and your EMIs include principal and interest. The EMI is calculated on the principal outstanding using the standard amortisation formula.
Yes. You can repay the principal at any time, which helps reduce your interest outgo.
During the straight-line phase, your sanctioned limit remains available (subject to policy & utilisation). In the dropline phase, the available limit continues to drop with tenure.
The maximum tenure is 8 years. Your straight-line tenure is capped according to the policy grid and auto-populated in the form. You can select equal to or less than the maximum permitted straight-line tenure.
Salaried individuals with good credit profiles, meeting Poonawalla Fincorp’s Personal Loan eligibility criteria and documentation requirements.
Standard KYC, PAN, income proof (salary slips), bank statements, employment proof, photograph, and NACH/ECS mandate as applicable.