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

Get a Personal Loan in Maharashtra Online

Maharashtra, India’s one of the most populous states, is a vibrant tapestry of diverse landscapes, rich history, and cultural heritage. It is known for its ancient forts, world-renowned caves, and stunning beaches. Fulfil your dreams in this city with a Personal Loan from Poonawalla Fincorp.

Upgrade your home, fund higher education, or plan a memorable trip effortlessly with our tailored loan. Get up to ₹50 Lakh at attractive interest rates with minimal paperwork, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
No Collateral
Required
Competitive
Interest Rate
No End-use
Restrictions
Minimal
Paperwork
Flexible Loan
Tenure

Personal Loan EMI Calculator

Determine your monthly repayments with our user-friendly EMI calculator. Enter the loan amount, tenure, and interest rate to know the EMIs. 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

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Maharashtra

Fulfil our straightforward eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Work Experience: At least 1 year of total work experience, 1 month with the current employer.
  • Employment: Must be employed in an MNC, LLP, private Ltd company or Central Government entity.
  • Monthly Income: Minimum monthly salary of ₹30,000.

Documents Required for a Personal Loan in Maharashtra

Submit just a few essential documents:

  • Identity Proof: PAN Card, Voter ID, Aadhaar Card, Passport or Driving License.
  • Address Proof: Passport, Rent Agreement or Electricity Bill.
  • Income Proof: Last 1 month salary slip.
  • Financial Documents: Last 3 month’s bank account statements.
  • Proof of Employment: Official mail ID or Employee ID card.

Interest Rate and Charges for a Personal Loan in Maharashtra

Poonawalla Fincorp offers personal use loans at competitive 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 Maharashtra

  • Funding higher education costs
  • Covering medical emergencies
  • Remodelling home
  • Consolidating debts
  • Funding wedding

Who Can Get a Personal Loan in Maharashtra

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

Tips for a Successful Personal Loan Application

  • Avoid filing multiple loan applications
  • Keep all the required documents handy
  • Ensure you have a stable source of income
  • Review your credit score

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 interest rate for a Personal Loan in Maharashtra?

Poonawalla Fincorp offers personal use loans at interest rates starting at 9.99%* p.a. The interest rate applicable to you may vary based on various factors such as your credit score, income, loan amount, and tenure.

What documents are required to apply for a Personal Loan?

To apply for a personal use loan, you must submit identity proof, address proof, income proof, financial documents, and employment proof. Check our documents page for details.

How can I apply for a Personal Loan from Poonawalla Fincorp?

To apply, visit our Maharashtra branch or apply online. For online application, follow these 3 simple steps:

Step 1: Click on ‘Apply Now’.

Step 2: Fill out the application form.

Step 3: Upload all the necessary documents.

Upon verification, the loan amount will be credited to your bank account instantly.

What can I use Poonawalla Fincorp's Personal Loan for?

The loan amount can be used to meet any personal expenses, including home renovation, weddings, medical emergencies, travel, debt consolidation, etc.