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 Bhilai

Bhilai is an industrial city in Chhattisgarh with several steel, cement and power plants dotting its landscape. Attain your financial objectives, from debt consolidation to meeting unforeseen medical expenses, with a Personal Loan.

Get a loan for personal use of up to ₹50 Lakh from Poonawalla Fincorp with no end-use restrictions. Benefit from competitive interest rates, minimal charges, minimal documentation and instant approval. Apply now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Collateral-free
Loan
No End-use
Restrictions
Minimal
Documentation
Flexible Repayment
Tenure
No Hidden
Charges

Personal Loan EMI Calculator

Calculate your EMIs with our EMI calculator. Just enter the loan amount, tenure, and interest rate to instantly view the results. 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 Bhilai

Fulfil our simple eligibility criteria to avail of a loan for personal use:

  • 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 Bhilai

Upload a few documents for swift approval on a loan for personal use:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slip for 1 month and bank statements for the last 3 months.
  • Address Proof: Rent agreement, utility bills, or passport
  • Employment Proof: Official mail ID or Employee ID Card.

Note: The list of documents mentioned above is indicative. Additional documents may be required during the loan processing stage 

Interest Rate and Charges for a Personal Loan in Bhilai

Get an unsecured loan at attractive interest rates and minimum 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

  • Paying for medical emergencies 
  • Consolidating existing debt 
  • Funding travel plans 
  • Renovating your home 
  • Funding higher education 
  • Purchasing consumer durables 

Who Can Get a Personal Loan in Bhilai

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

Tips for a Successful Personal Loan Application

  • Check the eligibility criteria for availing the loan 
  • Maintain a low debt-to-income ratio 
  • Check your credit score  
  • Provide the documents required for availing of the loan 
  • Avoid applying for the loan multiple times 

Poonawalla Fincorp Branch Address in Bhilai

Address: 02nd Floor, Sairam Business Park, above TATA Motors showroom, G. E. Road, Krishna Nagar, Supela, Bhilai, Chhattisgarh -490023 
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

What fees apply to partial loan repayments?

There are no penalties or additional charges for making a partial prepayment from your own funds. However, a 4% prepayment fee applies if the payment comes from other sources. 

What documents do I need to apply for a Personal Loan?

To apply for a Personal Loan, you will need essential documents like KYC documents, proof of income, address proof and employment verification. 

What is the maximum loan tenure for a Personal Loan from Poonawalla Fincorp?

The maximum tenure for Poonawalla Fincorp’s loan scheme is 84 months.