Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
12 - 36 Months

Buy an AC on EMI

Enhance the comfort and livability of your space with the latest AC. Stay cool and comfortable by buying an air conditioner on EMI. Finance this purchase with an Instant Loan from Poonawalla Fincorp. Get up to ₹5 Lakh with an easy loan application process, and minimal documentation. Enjoy flexible EMIs, fast approval, and zero hidden charges.

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero
Hidden Charges

Instant Loan EMI Calculator

Calculate your monthly repayments using our EMI calculator. Simply enter the loan amount, interest rate, and tenure to get quick results. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

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.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan

Fulfil the following eligibility criteria to get an Instant Loan:

  • Age: Between 25 and 55 years.
  • Citizenship: Indian.
  • Annual Income: At least ₹3 Lakh.
  • Credit Score: 750 and above.

Documents Required for an Instant Loan

Submit just a few essential documents for quick loan approval:

  • KYC Documents: Aadhaar Card and PAN Card.

Interest Rate and Charges for an Instant Loan

We offer an Instant Loan with competitive interest rate and nominal charges:

Interest Rate
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
Upto 4.5%
Loan Tenure
12 – 36 months
Prepayment/Foreclosure Charges
4% + taxes in case of BT
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

Benefits of Buying an AC on EMI

  • Keeps you cool during hot weather. 
  • Help in maintaining optimum humidity levels.
  • Improves indoor air quality by filtering out dust.

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 buying an Air Conditioner on EMI a good option?

Yes, buying an Air Conditioner on EMI is a good option as it allows you to get it without the burden of paying the entire cost upfront. Instead, you can make payments in manageable monthly instalments.

How can I buy an AC on EMI?

You can buy an AC in instalments with a Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh. This loan comes with numerous benefits, such as competitive interest rates, customised repayment options, and fast approvals.

How much EMI is allowed to buy an AC?

Your EMIs depend on the loan repayment tenure you choose. For an Instant Loan from Poonawalla Fincorp, you get to choose flexible loan repayment tenure that suits you the best.