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

Avail of a Personal Loan in Shimoga Seamlessly

Shimoga, officially Shivamogga, is a historical and cultural heritage city of Karnataka. The city is famous for its lush greenery, dams, and waterfalls. Fulfil your financial obligations in this beautiful city with a Personal Loan from Poonawalla Fincorp.

Get a collateral-free loan of up to ₹50 Lakh to meet your personal expenses - from paying for your holiday to covering emergency medical costs. Enjoy competitive interest rates, minimal documentation, quick approval and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
No Collateral
Required
No End-use
Restrictions
Minimal
Documentation
Online Application
Process
Quick
Approval

Personal Loan EMI Calculator

Calculate your EMIs instantly using our EMI calculator. Enter the loan amount, tenure and interest rates to know your monthly payments. Try 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

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, KYC details 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 Shimoga

Fulfil our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Work Experience: 1 year and above, with a minimum of 1 month at the current job.
  • Net Monthly Salary: At least ₹30,000 per month
  • Employment Type: Full-time job at a private or public sector organisation.

Documents Required for a Personal Loan in Shimoga

Submit minimal documents for loan approval:

  • KYC Documents: PAN Card, Aadhaar Card, Driving License, Passport or Voter ID.
  • Income Proof: Salary slip for the last 1 month and bank statements for the last 3 months.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Employment Proof: Official mail ID confirmation or Employee ID card

Note: The list of documents mentioned above is indicative. You may need to provide additional documents during the loan processing stage.

Interest Rate and Charges for a Personal Loan in Shimoga

We offer a loan for personal use 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 Shimoga

  • Paying emergency medical bills
  • Consolidating high-interest debt
  • Paying for a grand wedding
  • Pursuing higher education
  • Renovating your home

Who Can Get a Personal Loan in Shimoga

  • Salaried Individuals
  • Salaried Doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries`

Tips for a Successful Personal Loan Application

  • Check the eligibility criteria
  • Decide the loan amount based on your requirements
  • Monitor your credit report for inaccuracies
  • Check your credit score
  • Keep the loan documents handy
  • Do not apply for multiple loans at once

Poonawalla Fincorp Branch Address Near Shimoga

Poonawalla Fincorp Limited
Address: Shop No. 9, Yenepoya Shopping Gallary, Near Karnataka Bank, Kodiyal Bail, Mangalore, Karnataka-575003
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

Is collateral required to secure a Personal Loan from Poonawalla Fincorp?

No, you can avail of Poonawalla Fincorp’s Personal Loan without pledging any asset as collateral.

Can I settle my Personal Loan before the end of its tenure?

Yes, you can easily foreclose Poonawalla Fincorp’s Personal Loan before the end of your loan tenure. If you prepay the loan from using your income sources, there will be no pre-payment charges. But if you use other fund sources to prepay the loan, you will have to pay 4% prepayment charges.

What factors influence the Personal Loan interest rates?

Many factors influence the interest rate for your personal loan, including:

  • Credit score
  • Net monthly salary
  • Repayment capacity
  • Employment status
  • Work experience
  • Existing debts