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

Avail a Personal Loan in Kollam Online

Kollam, an ancient port in Kerala, is known for tourism, fishing and cashew businesses. Access instant funding to cover your financial obligations like travel, education, medical emergencies, etc. with a Personal Loan in Kollam. Avail of an unsecured loan of up to ₹50 Lakh from Poonawalla Fincorp with no end-use restrictions.

Benefit from our attractive interest rates, zero hidden charges and a seamless online application process with minimal documentation. Apply Now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Collateral-free
Loan
Attractive
Interest Rate
Minimal
Documentation
Online Application
Process
Flexible Repayment Tenure

Personal Loan EMI Calculator

Use our online EMI calculator to calculate your monthly obligations. Enter the loan amount, tenure and interest rates to get instant 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 Personal Loan in Kollam

Fulfil our simple eligibility criteria:

  • Citizenship: Indian.
  • Age: Between 21 and 60 years.
  • Employment: Full-time job at an unlisted public ltd., PSU, LLP, listed company, MNC, pvt. ltd., central government, or internally listed company
  • Work Experience: At least 1 year of total experience and 1 month with current employer.
  • Minimum Monthly Income: At least ₹30,000.

Documents Required for a Personal Loan in Kollam

Upload a few mandatory documents:

  • Address Proof: Passport, Rent Agreement, or Electricity Bill.
  • KYC Documents: Aadhaar Card, Driving License, PAN Card, Voter ID or Passport.
  • Employment Proof: Official mail ID or Employee ID card.
  • Income Proof: Latest 1 month salary slip.
  • Financial Documents: Bank statements for the last 3 months.

Interest Rate and Charges for a Personal Loan in Kollam

Enjoy competitive interest rates and nominal charges with our loan for personal use:

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 Kollam

  • Renovating your home 
  • Paying for medical treatments
  • Exploring new places
  • Covering education costs
  • Planning destination weddings
     

Who Can Get a Personal Loan in Kollam

  • Salaried Doctors
  • Salaried Chartered Accountants
  • Salaried Individuals
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Check the eligibility criteria carefully
  • Reduce your debt-to-income ration 
  • Check your credit score
  • Keep the necessary documents ready
  • Avoid multiple loan applications
     

Poonawalla Fincorp Branch Address in Kollam

Poonawalla Fincorp Limited

Address: 2nd Floor, Sree Vigneswara Bhavan, Kadapakada, Kollam, Kerala -691008

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 is the minimum work experience required to get a Personal Loan?

To qualify for our Personal Loan, you need a minimum of 1 year of overall work experience, including at least 1 month of employment at your current job.

Can self-employed individuals apply for a Personal Loan?

No, we do not offer our Personal Loan to self-employed individuals. Currently, our Personal Loan is only available to salaried employees. However, if you are a salaried doctor or chartered accountant working in a government or private organisation, you may be eligible for our Personal Loan for doctors and chartered accountants.

Do I need to provide collateral to avail of a Personal Loan?

No, our Personal Loan is collateral-free. You do not need to submit any valuable assets to secure the loan.