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

AC Instant Loan EMI Calculator

Once you have selected your preferred Air Conditioner, you can determine your estimated monthly instalment before applying for financing. Simply enter the loan amount, interest rate, and tenure to view your loan amount instantly.

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
12 Months
36 Months

Why Choose Poonawalla Fincorp

collateral icon Collateral-free
Loan
interest rate icon Competitive
Interest Rate
document icon Minimal
Documentation
EMI Icon Flexible
Tenure
Application icon Online
Application
charges icon Zero
Hidden Charges

These features ensure that your air conditioner purchase becomes budget-friendly and aligned with your finances.

How to Apply for an Instant Loan Online in Just 3 Steps

Step 1 of loan application: Click 'Apply Now' Fill out the online form to start your loan application.

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Step 2 of loan application: Upload Documents Provide your KYC documents to complete the verification.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC details and residential details.

Step 3 of loan application: Get Funds Get the loan amount disbursed to your bank account.

Instant Disbursement

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

Get exclusive offers thoughtfully customised just for you

For an Instant Loan, you need to provide only a few essential and mandatory documents. These documents include your PAN and Aadhaar card for identity and address verification. This minimal requirement will help you get your dream camera home instantly.

There are many different types of ACs available that you can buy on EMI, and they include:  Split AC: A split AC is a good choice for large rooms. There are indoor and outdoor units for powerful cooling. These ACs provide better energy efficiency and quieter operation.  Window AC: A compact, affordable option for smaller rooms. They are easy to install and maintain.  Inverter AC: An inverter AC adjusts its cooling output to the room temperature, resulting in lower electricity use.  Portable AC: A portable AC is a great option for short-term use and can be moved from room to room very easily.  Every air-cooling system has its own advantages, so your choice will depend on how much you plan to use it and your budget.

When purchasing an AC on EMI, you can explore a variety of reputable, high-performing air conditioners. Some examples of very well-known brands are:

  • LG: LG models are well-suited for users looking to upgrade to a newer air conditioner with advanced cooling technology.

  • Samsung: It offers stylish designs and quick cooling for modern homes.

  • Voltas: A very reliable and affordable air conditioner brand offering strong cooling performance.

  • Daikin: It is recognised for the high quality of its products and the extremely energy-efficient cooling systems.

  • Blue Star: Blue Star produces air conditioners known for their long lifespan and high cooling performance.

Some of the benefits when choosing AC on an EMI basis are:

  • No Full Price Upfront: You can purchase your AC without paying the full price up front.

  • Flexible Repayment Options: You will have multiple flexible repayment options to choose from based on your financial situation.

  • Easy Monthly Instalments: You can turn your purchase into easy-to-manage monthly payments.

  • Upgrade to the Latest AC: You can upgrade to the latest model with advanced features.

  • Hassle-Free Process: No hassle, the entire process is completed online with minimal documentation.

To make a smart long-term purchase, you should consider several important factors that can affect an AC unit’s performance, efficiency, and overall value.

  • Room Size and Cooling Capacity: The size of your room determines the required tonnage and cooling capacity of the air conditioner.

  • Energy Efficiency and Ratings: A higher star rating indicates better energy efficiency and can help reduce electricity bills.

  • Type of AC: Choose between split ACs, window ACs, portable ACs, and other variants based on your space and cooling requirements.

  • Inverter Technology: Inverter ACs consume less energy and provide more consistent cooling performance.

  • Smart Features and Controls: Smart ACs may offer Wi-Fi connectivity, app-based controls, and voice command support.

  • Installation and Space Requirements: Before purchasing, consider the available installation space, including where to placewhere to place the outdoor unit.

  • Budget and EMI Planning: Evaluate your budget and explore suitable financing or EMI options before making a purchase.

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

Frequently Asked Questions

You can take a loan instead of a credit card to purchase your AC with an EMI.

The interest rate on your EMI will depend on your profile and the lender's policies.

No-cost EMI options may be available on selected AC models through participating retailers and lenders, subject to terms and conditions.

 

An EMI calculator can help estimate the EMI based on the loan amount and loan tenure.

The loan amount depends on your eligibility and the cost of the AC.

Yes, as we offer a digital application process with minimal documentation.

Yes, you will be able to choose a model that best suits your taste and needs.

Instant or quick approval for a loan to buy an AC depends on the applicants' eligibility.

This allows an easy monthly payment method for the cost of your new AC.

Yes, we allow prepayment or foreclosure of AC EMI loans; however, charges are applicable for it.