Get an Instant Loan with a Seamless Digital Process
Fulfil your urgent financial needs with an Instant Loan online. Get up to ₹5 Lakh from Poonawalla Fincorp with minimal documentation, quick approvals, and zero hidden charges. Enjoy flexible repayment options of up to 36 months, simple eligibility criteria, and fast disbursal. Apply now and access funds when you need them most Apply now!
Instant Loan EMI Calculator
Calculate your monthly loan repayment amount with our user-friendly EMI calculator. Just enter your desired loan amount, repayment tenure, and applicable interest rate. Our Personal Loan EMI calculator will automatically display the monthly payable amount along with the principal amount and total interest payable.
Why Choose Poonawalla Fincorp
How to Apply for an Instant 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.
Instant Disbursement
The loan amount will be credited to your bank account instantly.
Fulfil our eligibility criteria for instant loan for quick approval:
- Age: Between 24 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.
Submit just a few essential documents to verify your details and access the amount quickly:
KYC Documents: PAN card and Aadhaar card for identity and address verification.
Understanding instant loan interest rates and charges helps you plan your loan application with ease and clarity. Transparent pricing ensures borrowers know the total borrowing cost before signing the cash loan agreement.
|
Parameter |
Details |
|
Interest Rate |
16%* p.a. onwards |
|
Loan Amount |
₹50,000 to ₹5 Lakh |
|
Loan Processing Fees |
Up to 5% plus applicable taxes |
|
Lowest EMI Per Month |
₹1,962 for 36 months |
|
Loan Tenure |
12–36 months |
|
Prepayment/Foreclosure Charges |
1) Nil if prepaid from borrower’s own funds. |
|
Default Charges |
24% per annum |
|
Repayment Instrument Bounce Charges |
₹500 per instance |
|
Repayment Instrument Cancellation/Re-issue Charges |
₹500 plus applicable taxes |
|
Stamp Duty |
At actuals (as per state laws) |
|
Duplicate No Objection Certificate |
₹500 plus applicable taxes |
|
Cash Collection/Handling Charges |
₹500 plus applicable taxes per instance |
|
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
Here are some key benefits of applying for an instant loan online:
- Access quick funds during unforeseen circumstances.
- Manage financial expenses without dipping into your savings.
- Consolidate multiple debts into a single, manageable loan.
- Cover urgent needs such as medical emergencies or home renovations.
- Enjoy flexible repayment options designed around your income cycle.
Get Funds Quickly With
Minimal
Documentation
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
Loan disbursal may happen within a few hours after successful verification and approval.
Yes, a digital loan app simplifies the entire process and speeds up instant approval.
Most lenders offer online Loans instantly to both salaried and self-employed applicants, subject to eligibility criteria.
Most eligibility tools make a soft enquiry and do not affect a person's credit history.
Having a higher score will increase your chances of being approved for a loan and will also provide access to some great rates.
Instant loans typically take a completely paperless approach; all documentation gets uploaded digitally.
Yes! An instant loan can be used for almost any type of expense, including educational expenses or urgent bill payments.
Flexible tenure allows you to choose an EMI that suits your budget and repayment capacity.
It is safe if the tenure and EMI are manageable and aligned with your repayment ability.
What do I do if my loan application gets declined?