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 Mysore

Mysore is a thriving city in Karnataka known for its rapid development and growing economy. Fund your diverse financial needs in this city easily with a Personal Loan from Poonawalla Fincorp. Avail of collateral-free funds of up to ₹50 Lakh for several purposes like wedding, higher education, debt consolidation, home renovation, etc. Apply online with minimal documentation and fast approval. Get started!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
No End-use
Restrictions
Competitive
Interest Rate
Flexible Loan Tenure
Zero Hidden
Charges
Minimal
Documentation

Personal Loan EMI Calculator

Plan your monthly repayments with our free online EMI calculator. Simply enter your loan amount, repayment period, and interest rate to get an instant estimate of your 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

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 Mysore

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp.
  • Work Experience: Minimum 1 year, with at least 1 month in the current job.
  • Monthly Income: Minimum ₹30,000 per month.

Documents Required for a Personal Loan in Mysore

Submit just a few essential documents:

  • Address Proof: Utility Bills, Passport, or Rent Agreement.
  • KYC Documents: Aadhaar Card, PAN Card, Voter ID, Driving License, or Passport.
  • Employment Proof: Official Email ID or Employee ID Card.
  • Financial Documents: Bank statement for the last 3 months.
  • Income Proof: Salary slips for the last 3 months.

Interest Rate and Charges for a Personal Loan in Mysore

Benefit from 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 ₹1,660* per Lakh for 84 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 Mysore

  • Consolidating multiple loans
  • Purchasing high-value products
  • Refurbishing your home
  • Handling medical emergencies
  • Funding higher education
  • Covering wedding expenses
  • Financing travel plans

Who Can Get a Personal Loan in Mysore

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

Tips for a Successful Personal Loan Application

  • Gather all the essential documents
  • Maintain a credit score of 750 or above
  • Plan a strategy to ensure timely repayments
  • Keep your credit utilisation ratio below 30%
  • Avoid making multiple loan applications
  • Read and understand the loan agreement

Poonawalla Fincorp’s Branch Address in Mysore

Poonawalla Fincorp Limited

Address: 2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

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 does Poonawalla Fincorp determine my loan eligibility?

Loan eligibility is determined based on factors such as your CIBIL score, income, existing debts, employment stability, and repayment capacity. Click to know more about the eligibility criteria in detail.

Are there any prepayment charges for a Personal Loan?

Poonawalla Fincorp does not charge any prepayment penalties if you prepay the loan from your own sources. However, a 4% fee is charged if you prepay the loan from other sources.

How much can I borrow with a Personal Loan from Poonawalla Fincorp?

You can get up to ₹50 Lakh with a loan for personal use from Poonawalla Fincorp. However, the loan amount may vary depending on your creditworthiness and financial profile.