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

Get a Collateral-free Personal Loan in Bhavnagar

Bhavnagar is a culture-rich city in Gujarat known for its economic significance, and historical charm. It is an important centre for the diamond cutting and polishing industry. As this city continues to flourish, fulfil your aspirations or urgent fund needs worry-free with a Personal Loan from Poonawalla Fincorp.

Get a loan of up to ₹50 Lakh for weddings, higher education, travel, etc., with no restriction on end-use. Our loan is collateral-free and comes with an attractive interest rate, minimal documentation, and quick approval. Apply now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Unsecured
Loan
Attractive Interest
Rate
No End-use
Restrictions
Minimal
Documentation
Quick
Approval

Personal Loan EMI Calculator

Calculate your EMIs with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure. 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 Personal Loan in Bhavnagar

Fulfil our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.
  • Monthly Income: Minimum of ₹30,000.

Documents Required for a Personal Loan in Bhavnagar

Submit the mandatory documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility bills, passport or rent agreement.
  • Income Documents: Recent salary slips for the last 1 month.
  • Financial Documents: Bank statements for the last 3 months.
  • Employment Proof: Official email ID confirmation or employee ID card.​ ​

Interest Rate and Charges for a Personal Loan in Bhavnagar

We offer competitive interest rates and nominal charges on our loan:

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

  • Funding a car purchase 
  • Hosting marriage ceremonies 
  • Financing a home renovation 
  • Funding investment opportunities 
  • Medical emergencies 
  • Debt consolidation 

Who Can Get a Personal Loan in Bhavnagar

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

Tips for a Successful Personal Loan Application

  • Have all required documents ready 
  • Check your credit score 
  • Verify your eligibility  
  • Provide accurate and complete information  
  • Avoid multiple loan applications  

Poonawalla Fincorp Branch Address in Bhavnagar

Poonawalla Fincorp Limited

Address: Office No. 303, 3rd Floor, Corporate Center, Opp: Dakshinamurti School, Vaghawadi Road, Bhavnagar, Gujarat-364002

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

*T&C Apply

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 do I secure an affordable EMI for my Personal Loan?

There are several strategies to achieve a manageable EMI: 

  • Opting for longer repayment tenure. 

  • Having a good credit score. 

  • Considering a smaller loan amount. 

How do I calculate EMIs using a Personal Loan EMI calculator?

Using our EMI calculator is simple. Enter your loan amount, the interest rate offered, and the loan tenure to instantly view your repayment schedule. 

What are the loan repayment bounce charges on a Personal Loan?

A penalty of ₹500 plus applicable taxes is imposed for each instance of dishonoured loan repayment instruments, such as bounced cheques. 

Is it wise to foreclose the loan early?

Yes, it is always a good idea to get yourself free from a debt burden as soon as possible. However, a foreclosure or prepayment is suggested only when you have sufficient funds to do so.