Loan Up to ₹5 Lakh
Quick Approval
No Hidden Charges

Get a Hassle-free Instant Loan Online

Fund your emergency expenses by availing yourself of an instant loan online. Get up to ₹5 Lakh from Poonawalla Fincorp with minimal documentation, quick approval and ZERO hidden charges. Enjoy a flexible repayment tenure of up to 36 months, simple eligibility criteria, and fast disbursal. Apply now!

Why Choose Poonawalla Fincorp

High loan amount of up to ₹5 Lakh High Loan Amount
Collateral-free Collateral-free Loan
Attractive Interest Rate
Easy Online Application
Minimal Documentation Minimal
Documentation
No End-use Restrictions No End-use
Restrictions

Instant Loan EMI Calculator

Our online EMI calculator calculates your instant loan EMI amount. The tool is easy to use and is available online. Enter the loan amount, tenure, and the interest rate. The EMI amount gets displayed instantly.

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

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.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan Online

Fulfil our simple eligibility criteria:

  • Age: Between 25 and 55 years.
  • Citizenship: Indian.
  • Employment: Salaried and Self Employed, Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp.
  • Income: Minimum annual household income (declared) must be ₹3 Lakh.

Documents Required for an Instant Loan Online

Submit just a few essential documents:

  • KYC Documents: PAN Card and Aadhaar Card

Interest Rate and Charges for an Instant Loan Online

Poonawalla Fincorp offers an instant loan at attractive interest rates and nominal charges:

Interest Rate
16%* p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
Up to 4.5% + Applicable Taxes
Lowest EMI Per Month
₹1,962 for 36 months
Loan Tenure
12-36 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 applicable 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

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

How can I get an instant loan for personal use immediately?

Get an instant loan online in just 3 easy steps:

Step 1: Click on ‘Apply Now’.

Step 2: Fill out the application form.

Step 3: Upload all the necessary documents.

Upon successful verification, the loan amount will be credited in your bank account instantly.

What is the minimum and maximum instant loan amount I can take?

The minimal amount you can borrow from Poonawalla Fincorp is ₹50,000. The maximum amount you can borrow is ₹5 Lakh.

Can I get an instant loan without documents?

No, you cannot avail of an instant loan without documents. However, the documents required are minimal – submit your KYC documents PAN Card,and Aadhaar Card.

How to calculate EMI for instant loan?

Our online EMI calculator calculates your instant loan EMI amount. The tool is easy to use and is available online. Enter the loan amount, tenure, and the interest rate. The EMI amount gets displayed instantly.