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

Get a Personal Loan in Akola Instantly

Akola, the third largest city in Maharashtra, is one of the prime centres for trade and commerce in the state. Meet all your expenses in this city with a Personal Loan from Poonawalla Fincorp at a competitive interest rate. Avail of a Personal Loan in Akola to fulfil your objectives and aspirations by submitting a few essential documents right from the comfort of your home. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
No Collateral
Required
Competitive
Interest Rate
No End-use
Restriction
No Hidden
Charges
Minimal
Paperwork
Flexible
Loan Tenure

Personal Loan EMI Calculator

Determine your monthly repayments with our user-friendly EMI calculator. Enter the loan amount, tenure, and interest rate to know the EMIs. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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, 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 Personal Loan in Akola

Fulfil our straightforward eligibility criteria:

  • Age: Between 21 to 60 years.
  • Citizenship: Indian.
  • Work Experience: At least 1 year of total work experience, 1 month with the current employer.
  • Employment: Must be employed in an MNC, LLP, private Ltd company or Central Government entity.
  • Monthly Income: Minimum monthly salary of ₹30,000.

Documents Required for a Personal Loan in Akola

Submit the essential documents:

  • Identify Proof: PAN Card, Voter ID, Aadhaar Card, Passport or Driving License.
  • Address Proof: Passport, Rent Agreement or Electricity Bill.
  • Income Proof: Last 3 months payslips.
  • Financial Documents: Last 3 month’s bank account statements.
  • Proof of Employment: Official mail ID or Employee ID card.

Interest Rate and Charges for a Personal Loan in Akola

Poonawalla Fincorp offers personal use loans at competitive interest rates and minimal 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
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
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 Personal Loan in Akola

  • Funding higher education costs
  • Covering medical emergencies
  • Remodelling home
  • Consolidating debts
  • Funding wedding

Tips for a Successful Personal Loan Application

  • Avoid filing multiple loan applications
  • Keep all the required documents handy
  • Ensure you have a stable source of income
  • Review your credit score

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 affordable EMIs for my Personal Loan?

There are several ways to get an affordable EMI, including selecting a longer tenure, taking out a smaller loan amount, and maintaining a good credit score.

What is the maximum amount of Personal Loan I can avail?

Based on your eligibility for the loan, you can get a personal credit of a minimum ₹1 Lakh and a maximum of ₹50 Lakh.

What are the repayment instrument dishonour charges associated with a Personal Loan?

A penalty of ₹500 plus applicable tax is levied on each bounce in case the loan repayment instrument gets dishonoured.

Can a self-employed individual apply for a Personal Loan with Poonawalla Fincorp?

To apply for a loan for personal use from Poonawalla Fincorp, you must be a salaried individual with a minimum 1-year of experience and stable employment.