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 Cuttack

Cuttack is also known as the ‘Millenium City’. It is famous for its silver filigree works. The city is a perfect blend of history, culture, commerce, and modernity. Meet all your fund requirements in this dynamic city with a Personal Loan in Cuttack from Poonawalla Fincorp.

Use the loan amount for higher education, overseas vacation, wedding, or any other personal needs with no end-use restrictions. Get a collateral-free loan of up to ₹50 Lakh at competitive interest rates with minimal documentation, quick approval, and no hidden charges. 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 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 Cuttack

Meet our simple eligibility criteria to qualify:

  • 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 Cuttack

Submit just a few mandatory documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Salary slip for the last 1 month.
  • Financial Documents: Bank statements for the last 3 months.
  • Employment Proof: Official email ID or employee ID card.​ ​

Interest Rate and Charges for a Personal Loan in Cuttack

We offer personal use loan at competitive interest rates and nominal 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 Cuttack

  • Home renovation or remodelling 
  • Consolidating debt 
  • Financing travel plans 
  • Funding emergencies 
  • Funding wedding ceremonies 

Who Can Get a Personal Loan in Cuttack

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

Tips for 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  

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 are the means of repaying a Personal Loan?

Typically, Personal Loans or any kind of loans can be repaid through Equated Monthly Instalments (EMIs). However, you also have the option of making a prepayment or a foreclosure. This lets you make a lump sum payment to reduce or pay off your outstanding balance.  

What happens if you don't repay a Personal Loan?

Failing to repay can result in legal action, including the penalties for default, and it will significantly affect your credit score. Therefore, it's important to maintain genuine intent and repay your EMIs by the due date. 

Do multiple Business Loan applications affect our credit score?

Yes, multiple credit applications may impact your credit score. Each credit application creates a hard inquiry by the lender. Multiple hard inquiries affect your credit score.