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

Get a Personal Loan in Mehsana Hassle-free

Mehsana is known for its rich cultural heritage and thriving industries. The city boasts a captivating blend of tradition and modernity. Cover your immediate fund requirements with a Personal Loan from Poonawalla Fincorp.

Be it higher education, a wedding or any other personal expenses, fulfil all your needs with a collateral-free loan of up to ₹50 Lakh. Benefit from competitive interest rates, minimal documentation, 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
Extended 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

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 Mehsana

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 Mehsana

Submit just a few essential documents:

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

Interest Rate and Charges for a Personal Loan in Mehsana

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 Mehsana

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

Who Can Get a Personal Loan in Mehsana

  • 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

Will applying for a Personal Loan affect my credit score?

There may be a temporary drop in your credit score as a hard inquiry occurs when lenders check your score. However, with time and timely repayments, your score may improve. 

Is collateral required for a Personal Loan?

No. Poonawalla Fincorp offers collateral-free personal use loans. You need not pledge any asset as collateral. 

What will happen if I miss paying an EMI for a Personal Loan?

Missed EMIs can affect your credit score. Also, we levy a penalty of 24% p.a. plus taxes for missed payments.