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

Get a Personal Loan in Mizoram Online

Mizoram called the ‘Land of the Highlanders’, is known for its rolling hills, dense forests, and vibrant tribal culture. The state is known for its diverse cultural festivals, dance forms, and traditions. Meet your urgent funds needs in this state with a Personal Loan from Poonawalla Fincorp.

Our collateral-free loan is tailored to meet all your unique needs, such as overseas travel, higher education, weddings, medical emergencies, etc. Get up to ₹50 Lakh at competitive interest rates with minimal documentation, quick approval, flexible repayment tenure, and no hidden charges. Apply now

Why Choose Poonawalla Fincorp

High Loan Amount
Affordable
Interest Rate
Collateral-free Loan
Minimal
Documentation
No End-use
Restrictions
Zero Hidden
Charges

Personal Loan EMI Calculator

Plan your monthly repayments in an instant with our user-friendly EMI calculator. Just enter the loan amount, interest rate, and tenure. 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 Mizoram

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 Mizoram

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: Salary slip for the last 1 month.
  • Financial Proof: 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 Mizoram

Poonawalla Fincorp offers 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

● Destination wedding

● Education expenses

● Medical expenses

● Big-ticket purchases

● Debt restructuring

● Emergency funds

Who Can Get a Personal Loan in Mizoram

● Salaried Company Secretaries

● Salaried Chartered Accountants

● Salaried individuals

● Salaried doctors

Tips for a Successful Personal Loan Application

● Check your credit score

● Review the eligibility criteria

● Prepare all of the required documents

● Maintain a low debt-to-income ratio

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 apply for a Personal Loan?

To apply for a loan for personal use, you can either visit our nearest branch or apply online in just 3 easy 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.

How long does it take to disburse the loan amount?

You can get approval and disbursement instantly after successful verification and approval.

What are the penalty charges for a missed EMI?

If you miss an EMI payment by the due date, a penalty of 24% p.a. of the overdue EMI amount will be charged. Additionally, for each cheque bounce, a penalty of ₹500 plus applicable taxes will be imposed.