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

Avail of a Personal Loan in Balasore Online

Balasore, a major tourist destination in Odisha, is famous for its temples and beaches. Its economy relies mainly on agriculture, tourism, fishing and industries. Get a collateral-free Personal Loan in Balasore of up to ₹50 Lakh from Poonawalla Fincorp to finance all your personal or business-related expenditures. Benefit from our attractive interest rates, no end-use restrictions, hassle-free documentation and quick disbursal. Apply now!

Why Choose Poonawalla Fincorp

No Collateral
Required
Zero Hidden
Charges
High Loan Amount
Minimal
Documentation
Swift
Disbursal
Affordable
Interest Rate

Personal Loan EMI Calculator

Plan your EMIs with our EMI calculator. Just enter the loan amount, interest rate and tenure to determine your monthly payments. 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

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.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Balasore

Avail of the loan by meeting our 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 Personal Loan in Balasore

Submit a few documents to apply for our loan for personal use:

  • KYC Documents: Driving License, Aadhaar Card, PAN Card, Passport or Voter ID.
  • Income Proof: Salary slip for the last 1 month 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. You may need to submit additional documents during the loan processing stage.

Interest Rate and Charges for a Personal Loan in Balasore

Get a loan for personal use with attractive 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
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 Balasore

  • Meet your education-related expenses
  • Cover your travel costs
  • Debt consolidation
  • Finance your car repair expenses
  • Pay for emergency medical costs
  • Fund your big-ticket purchases

Who Can Avail of a Personal Loan in Balasore

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

Tips for a Successful Personal Loan Application

  • Check your eligibility for availing of the loan
  • Maintain a low debt-to-income ratio
  • Check your credit score and repayment history
  • Finalise loan amount based on your financial requirements
  • Keep the documents ready for uploading

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 for debt consolidation?

Yes, you can avail of a Personal Loan from Poonawalla Fincorp to consolidate your high-interest debts into a single loan at favourable terms like extended tenure and lower interest rates.

Can I apply for a Personal Loan online?

Yes, you can apply for Poonawalla Fincorp's Personal Loan online without having to leave the comfort of your home. To experience a hassle-free online application process, download the Poonawalla Fincorp app or visit our website to apply for the loan.

Are there any hidden charges on Poonawalla Fincorp's Personal Loan?

No, we do not levy any hidden charges on our Personal Loan. Click here to know the fees and charges for availing a loan from Poonawalla Fincorp.