Avail of a Quick Personal Loan in Salem
Salem is known for its steel, textiles, sandalwood, coffee, silverworks and mining industries. Take advantage of this city’s industrial growth and meet your financial needs with a Personal Loan in Salem from Poonawalla Fincorp.
We offer personal loans of up to ₹50 Lakh at competitive interest rates with minimal documentation and quick approval. No collateral requirement, no hidden charges, and no restriction on how you use the money. Use the amount for vacation, medical emergencies, funding wedding expenses, higher education, or any other personal need. Our collateral-free loan comes with flexibility and no end-use restriction. Apply now!
Personal Loan EMI Calculator
Calculate your monthly repayments in just an instant with our online EMI calculator. Just enter the loan value, interest rate, and tenure. Try now!
Why Choose Poonawalla Fincorp
High Loan Amount
Competitive Interest Rate
Unsecured Loan
Minimal Paperwork
Digital Application Process
No Hidden Charges
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.
Qualify for a personal use loan with our simple eligibility criteria:
- Age: Between 21 and 60 years.
- Citizenship: Indian.
- Monthly Salary: At least ₹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.
Skip the hefty paperwork and submit just a few required documents:
- KYC Documents: Aadhaar Card, PAN Card, Driving License, Passport or Voter ID.
- Address Proof: Electricity Bill, Passport or Rent Agreement.
- Income Documents: Past 1 month salary slip.
- Financial Documents: Bank statements for the last 3 months.
- Employment Proof: Official employee mail ID or ID card.
You can easily qualify for a Personal Loan in Salem if you meet these simple criteria:
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
- Cover unexpected medical costs
- Finance your wedding
- Give your home a new look
- Handle unexpected expenses
- Plan and fund your trips
- Upgrade your household appliances
- Salaried individuals
- Salaried doctors
- Salaried Chartered Accountants
- Salaried Company Secretaries
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Here are some tips for you to fulfil the Personal Loan application:
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Check the eligibility criteria for the Salem Personal Loan to assess your eligibility.
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Check your credit history and ensure a good CIBIL score before applying.
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Keep your Credit Utilisation Ratio (CUR) low, along with maintaining a stable repayment history.
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Avoid multiple applications across different apps or lenders.
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Fill out the application form with accurate details.
Poonawalla Fincorp Limited
Address: No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem, Tamil Nadu-636004
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)
*T&C Apply
Happy Customers, Happy Us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely. Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution. I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
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
Any salaried employee between 21 and 60 years of age with Indian citizenship can apply for a Personal Loan. The applicant must have a full-time job at a reputable organisation, at least one year of work experience, and a monthly earning of ₹30,000.
Yes, a credit score showcases your repayment capabilities. A CIBIL score of 750 and above is considered ideal when applying for an instant personal loan.
Poonawalla Fincorp charges a nominal processing fee of up to 3% plus applicable taxes for an instant personal loan.
Yes, you can easily get a Salem Personal Loan without providing any collateral. Poonawalla Fincorp offers instant Personal Loan options that require no asset security, making the process simple and secure.
You can apply for a loan up to ₹50 Lakh as per your need and eligibility. Our Salem local finance Personal Loan solutions help residents of Tamil Nadu with fast access to funds and quick disbursal.
To avail a Salem Personal Loan, you’ll need to submit your PAN card, income proof (like salary slips or bank statements), address proof (such as utility bills or Aadhaar), and identity proof (like voter ID or driving license).
Poonawalla Fincorp ensures quick disbursal of your Personal Loan after you submit all the necessary documents. If everything is in order and your CIBIL score reflects a strong credit history, you can expect fast approval. Once approved, the funds are credited directly to your account.
Poonawalla Fincorp offers a repayment tenure of 12 to 84 months for its Salem Personal Loan. You can select a repayment period that matches your earnings and financial situation. Moreover, you can also decide to reduce the tenure of your Salem Personal Loan with our prepayment and part payment options.