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

Get a Quick Personal Loan in Kakinada

Kakinada is a coastal city in Andhra Pradesh famous for its strategic location as a major hub for trade and commerce. Meet your personal expenses in this city with a Personal Loan from Poonawalla Fincorp. Apply for a collateral-free loan of up to ₹50 Lakh with no-end use restrictions. Benefit from our competitive interest rates, minimal paperwork and quick loan approval. Apply now!

Why Choose Poonawalla Fincorp

Competitive
Interest Rate
No Collateral
Required
No Hidden
Charges
No End-use Restrictions
Minimal Documentation
Quick
Approval

Personal Loan EMI Calculator

Use our EMI calculator to know your monthly payments. Slide the bar to enter the loan amount, tenure and interest rate. Calculate 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 Kakinada

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: Minimum 1 year with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000 per month.

Documents Required for a Personal Loan in Kakinada

Submit a few essential documents:

  • 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.
  • Employment Proof: 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 Kakinada

Get a loan for personal use at 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 Kakinada

  • Pay for higher studies
  • Consolidate existing debts
  • Meet emergency expenses
  • Pay medical bills
  • Renovate your home

Who Can Get a Personal Loan in Kakinada

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

Tips for a Successful Personal Loan Application

  • Check our eligibility criteria
  • Read the terms and conditions
  • Check your credit score before applying for the loan
  • Finalise loan amount based on your requirements
  • Keep the required documents handy

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

rightArrow
rightArrow

Frequently Asked Questions

Who is eligible to apply for a Personal Loan in Kakinada?

Salaried individuals including salaried chartered accountants, salaried company secretaries and salaried doctors are eligible to apply for a Personal Loan from Poonawalla Fincorp.

What are the documents required to avail a Personal Loan in Kakinada?

To apply for a loan for personal use from Poonawalla Fincorp, you have to submit these few documents:

  • KYC Proof
  • Income Proof
  • Address Proof
  • Employment Proof
How do lenders determine eligibility?

There are several factors that can affect your eligibility for availing of a personal credit loan. It includes credit score, debt-to-income ratio, monthly income, work experience, employment profile, etc.

What is the processing fees for the Personal Loan from Poonawalla Fincorp?

The processing fees applicable for a Personal Loan from Poonawalla Fincorp is up to 3% of the loan sanction amount plus applicable taxes.