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!
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!
Why Choose Poonawalla Fincorp
High Loan Amount
No CollateralRequired
No End-use Restrictions
Minimal Documentation
Online Application Process
Zero Hidden Charges
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.
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 slip for last 1 month 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.
Get our loan for personal use at attractive interest rates and nominal 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
- Renovating your home
- Consolidating high-interest debts
- Pursuing higher education
- Purchasing consumer durables
- Meeting unexpected medical costs
- Travelling to overseas destinations
- Salaried Employees
- Salaried Doctors
- Salaried Chartered Accountants
- Salaried Company Secretaries
- 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
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
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.
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.
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.