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

Get a Personal Loan in Punjab Effortlessly

Punjab, known as the ‘Land of Five Rivers’, is a vibrant state rich in history, culture, and agriculture. The state offers a unique blend of history and modern development. Meet your urgent fund requirements in this state with a Personal Loan from Poonawalla Fincorp.

Cover your medical bills, pay higher education fees, fund a wedding, and more with this collateral-free loan. Get up to ₹50 Lakh at competitive interest rates with minimal documentation, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
Competitive Interest Rate
No Collateral
Required
No End-use
Restrictions
Flexible Repayment Tenure
No Hidden
Charges

Personal Loan EMI Calculator

Determine your monthly loan repayments with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure to know the EMIs instantly. 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 Punjab

Meet our simple eligibility criteria to qualify:

  • 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 Punjab

Keep mandatory documents ready for a seamless application:

  • Identity Proof: PAN Card, Voter ID, Aadhaar Card, Passport or Driving License.
  • Address Proof: Passport, Rent Agreement or Electricity Bill.
  • Income Proof: Last 1 month payslip.
  • 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 Punjab

We offer personal use loans at attractive interest rates and nominal 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 Punjab

  • Funding vacation
  • Hosting wedding ceremonies
  • Renovating home
  • Covering medical expenses

Who Can Get a Personal Loan in Punjab

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

Tips for a Successful Personal Loan Application

  • Organise all necessary financial documents
  • Check your credit score
  • Provide accurate details
  • Maintain stable employment and income
  • Reduce your existing 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

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. + taxes will be charged. Additionally, for each cheque bounce, a penalty of ₹500 plus applicable taxes will be imposed.

How long does it take to disburse the loan amount?

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

Can a self-employed individual apply for a Personal Loan with Poonawalla Fincorp?

Unfortunately, no. To avail of a loan for personal use, you must be salaried individually with a minimum monthly salary of ₹30,000 and have one year of work experience.