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

Get a Collateral-free Personal Loan in Vellore

Vellore is famous for its ancient heritage, forts, local cuisine and industries like leather processing, automobile assembly, IT services, etc. Manage your financial expenses - from funding your higher education to covering emergency medical costs - with a Personal Loan from Poonawalla Fincorp. Get a loan of up to ₹50 Lakh with minimal paperwork. Benefit from our competitive interest rates, no hidden charges, 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
Zero Hidden Charges

Personal Loan EMI Calculator

Plan your monthly payments with our easy-to-use EMI calculator. Slide the bar to enter the loan amount, tenure and interest rates. Use 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

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 Vellore

Meet our simple eligibility criteria:

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

Documents Required for a Personal Loan in Vellore

Submit just a few documents to apply for our personal use loan:

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

Interest Rate and Charges for a Personal Loan in Vellore

Get our loan for personal use at attractive interest rates and nominal charges:

Interest Rate
Starting from 9.99%* p.a.
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
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 charges
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 Vellore

  • Renovating your home
  • Consolidating high-interest debts
  • Pursuing higher education
  • Purchasing consumer durables
  • Meeting unexpected medical costs
  • Travelling to overseas destinations

Who Can Get a Personal Loan in Vellore

  • Salaried Employees
  • Salaried Doctors
  • Salaried Chartered Accountants
  • Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Check the eligibility criteria
  • Maintain a low debt-to-income ratio
  • Check your credit score
  • Keep your credit utilisation ratio below 30%
  • Keep the loan documents handy
  • Avoid multiple loan applications

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

Can I use Poonawalla Fincorp’s Personal Loan for any purpose in Vellore?

Yes, you can use our personal credit loan to meet any personal expenses, such as pursuing higher education, consolidating debt, refurbishing your home, paying for medical emergencies, etc.

Are there any hidden charges associated with Poonawalla Fincorp’s Personal Loan?

There are no hidden charges associated with Poonawalla Fincorp’s loan for personal use. We offer a collateral-free Personal Loan with competitive interest rates and nominal charges.

Can I prepay or foreclose my Personal Loan?

Yes, you can prepay or foreclose your personal-use loan at 0% foreclosure charges if you pay from your own sources. If you prepay or foreclose the loan using other fund sources, a 4% charge is applicable.