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

Get a Personal Loan in Ludhiana Online

Ludhiana, the ‘Commercial Capital of Punjab’, is renowned for its thriving textile industry, rich cultural heritage, and delicious cuisine. Fulfil your personal needs and urgent fund requirements in this city with a Personal Loan from Poonawalla Fincorp. From higher education to debt consolidation, meet all your fund requirements with our loan.

Get a collateral-free loan of up to ₹50 Lakh with no end-use restriction. Benefit from hassle-free high online application, minimal paperwork, flexible repayment tenure, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Unsecured
Loan
No End-use
Restrictions
Attractive
Interest Rate
Minimal
Documentation
Flexible
Loan Tenure

Personal Loan EMI Calculator

Plan your monthly repayments in an instant with our EMI calculator. Just enter the loan amount, interest rate, and tenure to know the EMIs. You can also try different values to check what suits you the best. 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

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 Ludhiana

Fulfil 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: Monthly of ₹30,000.

Documents Required for a Personal Loan in Ludhiana

Skip the hefty paperwork and submit just the minimal documents:

  • Identify Proof: PAN Card, Passport, Aadhaar Card, Voter ID Card, or Driving License.
  • Address Proof: Electricity Bill, Passport, or Rent Agreement.
  • Financial Documents: Bank account statements for the last 3 months.
  • Income Documents: Last 3 months salary slips.
  • Employment Proof: Employee ID card or official e-mail ID.

Interest Rate and Charges for a Personal Loan in Ludhiana

Avail of a collateral-free loan at an attractive interest rate 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
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 Ludhiana

  • Medical expenses
  • Travelling costs
  • Festivals and events
  • Higher education
  • Wedding expenses
  • Debt consolidation

Who Can Get a Personal Loan in Ludhiana

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

Tips for a Successful Personal Loan Application

  • Review your credit score
  • Check the eligibility criteria
  • Keep all your required documents handy
  • Avoid multiple loan applications
  • Reduce your existing debts

Poonawalla Fincorp Branch Address in Ludhiana

Poonawalla Fincorp Limited
Address: 7th Floor, SCO 10 & 11, Feroz Gandhi Market, Above DCB Bank Ludhiana, Punjab-141001
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

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

How can I use a Personal Loan?

You can use the loan amount to meet any personal funds requirements, including higher education, vacation, wedding, medical emergencies, and shopping. Get a collateral-free loan with no end-use restrictions.

How can I get a Personal Loan in Ludhiana instantly?

To get quick access to funds from Poonawalla Fincorp, you must have a credit score of 750 and above, fulfil our eligibility requirements and apply online with all required documents.

What documents are required to apply for a Personal Loan?

To apply for a Personal Loan with Poonawalla Fincorp, you need to submit identity proof, address proof, employment proof, financial documents, and income documents.