Maximise Savings With a Personal Loan Balance Transfer
Consolidate your existing high-interest loans into a single, more manageable loan at lower interest rates with Poonawalla Fincorp's Personal Loan Balance Transfer. This smart financial move can help you reduce your monthly EMIs, extend your loan tenure, and potentially save thousands in interest payments over time. Apply now!
Why Choose Poonawalla Fincorp
Personal Loan EMI Calculator
Plan your monthly repayments with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure. Try now!
Apply for a Personal Loan 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, and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
Eligibility Criteria for a Personal Loan Balance Transfer
Fulfil our simple eligibility criteria to qualify:
- Age: Between 21 to 60 years.
- Citizenship: Indian.
- Monthly Income: At least ₹30,000.
- Employment: Full-time employment with a private or public limited company.
- Work Experience: Minimum 1 year, with 1 month in the current company.
- Minimum Balance: Minimum 6 presentations/transactions.
- Credit Score: 700 and above.
Documents Required for a Personal Loan Balance Transfer
Submit just a few necessary documents:
- KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
- Address Proof: Utility Bills, Passport or Rent Agreement.
- Income Documents: Salary slips for the last 1 month.
- Financial Statements: Bank statements for the last 3 months.
- Employment Proof: Official email ID or employee ID Card.
Interest Rate and Charges for Personal Loan Balance Transfer
We offer our loans at attractive interest rates and transparent 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
Benefits of Personal Loan Balance Transfer
- Get lower interest rates
- Reduce your monthly EMI
- Avail better quality services
- Regain control over your personal finances
Who Can Opt for a Personal Loan Balance Transfer
● Salaried individuals
● Salaried doctors
● Salaried Chartered Accountants
● Salaried Company Secretaries
Tips for Successful Personal Loan Application
- Check your credit score
- Prepare all required documents
- Provide accurate information
- Avoid multiple applications
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
A balance transfer allows you to move your existing Personal Loan from one lender to another, like Poonawalla Fincorp, at a lower interest rate.
You will typically need KYC documents, income proof, existing loan statements, and bank statements for the last 6 months to apply for a Personal Loan balance transfer.
Yes, there is a nominal 3% processing fee. This charge applies to the loan amount plus taxes on the charge.
Yes, you can consolidate multiple unsecured and high-interest loans into a single Personal Loan from Poonawalla Fincorp with a balance transfer.
Initially, there may be a small dip in your score due to the new credit inquiry, but responsible repayment improves your credit score substantially over time.