Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Get a Long-term Personal Loan Online

Fulfil all your financial needs, whether it is travel, education, home renovation or unexpected expenses, with a long-term Personal Loan from Poonawalla Fincorp. We offer an affordable financial solution, enabling you to access instant funds with no-end use restrictions, flexible EMIs, minimal paperwork and simple eligibility criteria. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
No Hidden
Charges
Flexible
Repayment Tenure
Minimal
Documentation
Seamless
Application process
Quick
Approval

Long-term Personal Loan EMI Calculator

Know your EMIs with our EMI calculator. Enter the loan amount, tenure and interest rates to compute your EMIs. Try 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 Long-term Personal Loan

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: Minimum 1 year with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Long-term Personal Loan

Skip hefty paperwork and submit just a few essential documents:

  • KYC Documents: Driving License, PAN Card, Aadhaar Card, Passport or Voter ID.
  • Income Proof: Salary slips and bank statements for the last 3 months.
  • Proof of Employment: Official mail ID or Employee ID Card.
  • Address Proof: Utility Bills, Passport or Rent Agreement.

Note: The list of documents mentioned above is indicative. Additional documents may be required during the loan processing stage.

Interest Rate and Charges for a Long-term Personal Loan

Get a long-term Personal Loan at competitive interest rates and nominal 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
Foreclosure/Prepayment 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

Different Uses of a Long-term Personal Loan

  • Meet wedding-related expenses
  • Pay for higher studies
  • Cover unforeseen medical expenses
  • Meet your travel or holiday expenses
  • Fund repairs, renovations or upgrades
  • Consolidate high-interest debts

Who Can Get a Long-term Personal Loan

  • Salaried employees
  • Salaried doctors
  • Salaried Company Secretaries
  • Salaried Chartered Accountants

Tips for Successful Personal Loan Application

  • Check whether you meet the eligibility conditions
  • Read all terms and conditions before applying for the loan
  • Check your credit score and repayment history
  • Decide loan amount based on fund requirements
  • Keep all documents ready beforehand

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

Why is the interest rate offered in long-term loans higher than in short-term loans?

The cost of borrowing for a long-term loan is higher than for a short-term loan due to the extended loan tenure.

What is the maximum repayment tenure offered on long-term Personal Loan?

You can avail of a long-term loan and repay the amount anytime during the tenure of 12 to 84 months.

Do I need to pledge any collateral for Personal Loan?

No, you can access our Personal Loan without pledging any security or collateral.