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

Get a Hassle-free Personal Loan in Meghalaya

Meghalaya, referred to as the ‘Abode of Clouds’, is known for lush landscapes, cascading waterfalls, and rich cultural heritage. The state offers a unique blend of natural beauty, tribal traditions, and a vibrant atmosphere. Meet your fund requirements in this state by opting for a Personal Loan from Poonawalla Fincorp.  

Cover expenses for higher education, vacation, wedding, medical emergencies, or any other personal need with no end-use restriction. Get a collateral-free loan of up to ₹50 Lakh at attractive interest rates. Benefit from online application, minimal paperwork, flexible repayment tenure, and no hidden charges. Apply now

Why Choose Poonawalla Fincorp

High Loan
Amount
Attractive Interest
Rate
No End-use
Restrictions
Minimal
Paperwork
Flexible Repayment Tenure
No Hidden
Charges

Personal Loan EMI Calculator

Plan your monthly repayments efficiently with our online EMI calculator. Just enter the loan amount, tenure, and interest rate to view the results instantly. 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 Meghalaya

Meet 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: Minimum of ₹30,000.

Documents Required for a Personal Loan in Meghalaya

Submit the essential documents for a streamlined application:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Salary slips for the last 1 month.
  • Financial Documents: Bank statements for the last 3 months.
  • Employment Proof: Official email ID or employee ID card.

Interest Rate and Charges for a Personal Loan in Meghalaya

We offer loans for personal use at competitive interest rates 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
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 Meghalaya

  • Higher education
  • Business expansion
  • Medical emergencies
  • Debt consolidation
  • Home renovation
  • Vacation

Who Can Get a Personal Loan in Meghalaya

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

Tips for a Successful Personal Loan Application

  • Check eligibility criteria
  • Maintain a healthy debt-to-income ratio
  • Review your credit score
  • Disclose all income sources
  • Provide accurate information

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 utilise the Personal Loan amount?

You can use the loan amount to meet any of your personal expenses, including home renovation, weddings, medical emergencies, travel, debt consolidation, etc.

How much of a Personal Loan can I expect in Meghalaya?

Poonawalla Fincorp offers personal use loans of up to ₹50 Lakh. However, the sanctioned loan amount may vary based on your eligibility, credit score, and our internal policy.

How do you calculate EMIs using a Personal Loan EMI calculator?

Calculating EMIs using our EMI calculator is simple. You just need to enter the loan amount, interest rate, and tenure to know your monthly repayments.