Get a Hassle-free Personal Loan in Mysore
Mysore, a rapidly growing city in Karnataka, is also one of the cleanest cities in India, and it offers a wealth of opportunities for Mysore personal loans to grow. Fund your diverse financial needs easily with a Personal Loan in Mysore from Poonawalla Fincorp. With competitive interest rates and flexible repayment options, you can achieve your financial goals affordably and efficiently.
Avail of collateral-free funds up to ₹50 Lakh for purposes like weddings, higher education, home renovation, or debt consolidation, taking advantage of competitive personal loan interest rates. Apply online with minimal documentation, and enjoy instant loan approval for a fast, hassle-free borrowing experience. Start your journey now!
Why Choose Poonawalla Fincorp
Personal Loan EMI Calculator
Plan your monthly repayments with our free online EMI calculator, which can help you assess how to manage additional funds. Simply enter your loan amount, repayment period, and interest rate to get an instant estimate of your EMIs. Calculate now!
Apply for a Personal Loan Online 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, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
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 slip for the last 1 month.
Interest Rate and Charges for a Personal Loan in Mysore
Benefit from competitive interest rates and minimal charges:
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: 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
Here are the different uses of a Personal Loan in Mysore
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Consolidating multiple loans
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Purchasing high-value products
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Refurbishing your home
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Handling medical emergencies
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Funding higher education
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Covering wedding expenses
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Financing travel plans
Who Can Get a Personal Loan in Mysore
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Salaried individuals
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Salaried doctors
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Salaried Chartered Accountants
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Salaried Company Secretaries
Tips for a Successful Personal Loan Application
Check out these tips for a successful Personal Loan in Mysore:
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Gather all the essential documents
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Maintain a credit score of 750 or above
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Plan a strategy to ensure timely repayments
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Keep your credit utilisation ratio below 30%
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Avoid making multiple loan applications
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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.)
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
Loan eligibility is determined based on factors such as your CIBIL score, income, existing debts, employment stability, and repayment capacity.
Poonawalla Fincorp does not charge any prepayment penalties if you prepay the loan from your own sources, which are among the key benefits of choosing this lender. However, a 4% fee is charged if you prepay the loan from other sources. Note that prepayment charges vary across lenders.
You can borrow up to ₹50 Lakh with a Personal Loan from Poonawalla Fincorp. However, the loan amount may vary depending on your creditworthiness, monthly income, and financial profile, ensuring you get the maximum loan amount possible based on your eligibility.
To be eligible for a Personal Loan in Mysore, applicants must have a minimum monthly income of ₹30,000. Along with income, factors like CIBIL score, outstanding debts, and employment details are considered in the eligibility criteria. You can apply online with minimal documentation and get quick disbursal upon loan approval.
Applicants must be aged between 21 and 58 years to qualify for a personal loan in Mysore.
Loan disbursal can happen within 24 hours after approval of the Personal Loan application, ensuring you have quick access to the funds you need for your expenses. This fast processing helps you manage emergencies or time-sensitive goals around finances without delays.
Most banks require you to provide identity proof, income proof, and address proof as part of the loan application. Additionally, you may need to submit bank statements, employment details, and other relevant documents depending on the lender’s eligibility criteria.
Yes! Instant Personal Loans typically offer quick disbursal times, often within an hour. You can avail of the necessary funds just by filling in some basic details in the application form and providing the required documents.