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 Korba

Korba is an industrial area in Chhattisgarh with power plants and other large-scale industries. Manage your financial expenses like education, travel, medical, etc. in Korba with a Personal Loan from Poonawalla Fincorp.

Avail of our collateral-free loan of up to ₹50 Lakh with no enduse restrictions. Enjoy competitive interest rates, flexible repayment tenures, minimal paperwork and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Swift
Approval
No End-use
Restrictions
No Hidden
Charges
Minimal
Paperwork
Flexible
Tenure

Personal Loan EMI Calculator

Estimate your monthly payments with our EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure. Try it now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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, 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 Korba

Qualify for the loan by fulfilling our simple eligibility criteria:

  • 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 Korba

Provide just a few documents to apply for a loan for personal use:

  • KYC Documents: Driving License, Aadhaar Card, PAN Card, Passport or Voter ID.
  • Income Proof: Salary slips and bank statements for the last 3 months.
  • Employment Proof: Utility Bills, Passport or Rent Agreement.
  • Address Proof: Official mail ID or Employee ID card.

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 Korba

Benefit from our competitive 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
0% if paid from own sources
4% if paid from other sources
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 Korba

  • Renovate your home  
  • Cover your education expenses 
  • Pay your medical bills 
  • Finance Wedding-related expenses 
  • Consolidate high-interest debt 

Who Can Get a Personal Loan in Korba

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

Tips for a Successful Personal Loan Application

  • Understand the eligibility requirements 
  • Reduce your debt-to-income ratio 
  • Check your credit score  
  • Decide loan amount based on your needs 
  • Arrange the necessary documents 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Korba

Poonawalla Fincorp Limited
Address: Shop No. S 07 & 08, 3rd Floor, B.R.Gwalini Chambers, Vyapar Vihar, Bilaspur, Chhattisgarh -  495001 
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 a Personal Loan?

It is an unsecured loan that allows you to borrow funds for personal expenses like home renovations, medical bills, or debt consolidation without any collateral. The loan amount is based on your creditworthiness. 

Can I use a Personal Loan to fund my startup in Korba?

No, Poonawalla Fincorp’s Personal Loan is offered to salaried individuals only. You need to be a full-time employee at any MNC, Pvt. Ltd. company or government entity to apply for this loan.  

How to apply for a Personal Loan?What is the maximum loan amount I can get?

At Poonawalla Fincorp, you can borrow up to ₹50 Lakh, but the loan amount offered will depend on your credit score, income, and repayment capacity. To access higher loan amounts, ensure you have a strong credit profile.