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

Get a Collateral-free Personal Loan in Muzaffarpur

Muzaffarpur is renowned for its lychee orchards and has a rich historical heritage. It is also a major educational and industrial hub. Fulfil your dreams and cover your unexpected expenses in this city with a Personal Loan from Poonawalla Fincorp. Avail up to ₹50 Lakh without pledging any collateral at competitive interest rates, with minimal documentation, quick approval, and flexible loan terms. Apply now!

Why Choose Poonawalla Fincorp

High
Loan Amount
Collateral-free
Loan
Affordable
Interest Rate
Minimal
Documentation
Online Application
Flexible
Repayment Tenure

Personal Loan EMI Calculator

Calculate your monthly repayments seamlessly using our online EMI calculator. Enter an interest rate, loan amount and tenure to determine the EMI amount. Try it 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 Muzaffarpur

Meet our simple and straightforward eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Income: Minimum monthly salary of ₹30,000.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.

Documents Required for a Personal Loan in Muzaffarpur

Skip the hefty paperwork and submit just the mandatory documents:

  • 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 3 months.
  • Financial Statements: Bank statements for the last 3 months.
  • Employment Proof: Official email ID confirmation or employee ID card.

Interest Rate and Charges for a Personal Loan in Muzaffarpur

Avail of the loan at competitive interest rates and transparent 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 Muzaffarpur

  • Home renovation
  • Dream vacation
  • Grand wedding celebrations
  • Emergency fund
  • Medical expenses
  • Debt consolidation
     

Who Can Get a Personal Loan in Muzaffarpur

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

Tips for a Successful Personal Loan Application

  • Check your credit score
  • Submit all necessary documents
  • Ensure you meet the eligibility criteria
  • Avoid multiple applications
  • Reduce your debts
     

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 personal use loan, you can either visit our nearest branch or apply online 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.
 

Can I use Poonawalla Fincorp's Personal Loan for debt consolidation?

Yes, you can use a Personal Loan for debt consolidation. Get up to ₹50 Lakh at competitive interest rates with minimal documentation and quick approval.

What are the applicable processing fees for the Personal Loan?

Poonawalla Fincorp levies a nominal processing fee of up to 3% as a processing fee.