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

Get a Personal Loan in Ambikapur With Minimal Paperwork

Ambikapur in Chhattisgarh is known for its picturesque landscape, historical significance and mining-based industries. Empower your dreams or manage your personal expenses in this city with a Personal Loan from Poonawalla Fincorp.

Access instant funds of up to ₹50 Lakh to meet your expenses, such as financing your higher studies, covering your hospital bills, consolidating debt, etc., with no collateral and instant disbursal. Benefit from our competitive interest rates, no hidden charges and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No End-use
Restrictions
Minimal
Documentation
Flexible
EMIs
Online Application

Personal Loan EMI Calculator

Plan your monthly repayments with our easy-to-use EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure to check your EMI instantly. Use 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 Personal Loan in Ambikapur

Fulfil 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: 1 year or more with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Personal Loan in Ambikapur

Submit just a few documents for swift loan approval:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slip and bank statements for the last 1 month.
  • Address Proof: Rent agreement, utility bills, or passport.
  • Proof of Employment: Official mail ID or Employee ID Card.

Note: The list of documents mentioned above is indicative. You may have to submit additional documents during the loan processing stage 

Interest Rate and Charges for a Personal Loan in Ambikapur

Get a personal use loan at attractive interest rates and nominal fees:

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
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 Personal Loan in Ambikapur

  • Funding higher education abroad 
  • Renovating your home 
  • Covering unforeseen medical expenses 
  • Paying for wedding costs 
  • Purchasing consumer durables 
  • Financing vacation or travel expenses 

Who Can Avail of a Personal Loan in Ambikapur

  • Salaried individuals
  • Salaried Chartered Accountants
  • Salaried doctors
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Check the loan eligibility criteria 
  • Maintain a low debt-to-income ratio 
  • Track your credit score and repayment history 
  • Prepare all necessary documents  
  • Avoid multiple loan applications 

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

Can I use Poonawalla Fincorp’s Personal Loan to consolidate my high-interest debts?

Yes, you can avail of our personal credit loan for debt consolidation. Availing of a debt consolidation loan allows you to simplify your EMI payments and reduce your overall interest burden. 

Can I get a loan for personal use from Poonawalla Fincorp without payslips?

No, payslips are necessary to obtain a Personal Loan. Payslips serve as proof of income, and without them, you are not eligible to avail of the loan. 

What is the minimum EMI payable for a personal credit loan from Poonawalla Fincorp?

The minimum EMI for Poonawalla Fincorp’s loan for personal use is ₹2,124. This EMI is payable for a loan amount of ₹1 Lakh, tenure of 5 years and interest rate of 9.99%* p.a.