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

Air Cooler on EMI

Beat the heat during the hot and humid summer months with the latest air cooler. If you're looking to purchase an air cooler without straining your budget, buy one on EMI with an Instant Loan from Poonawalla Fincorp. Avail of funds up to ₹5 Lakh with minimal documentation and quick approval. What’s more? Benefit from competitive interest rates, extended loan tenure, 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

Check 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 

Meet 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

Enjoy 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. plus 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 Air Cooler

  • Keeps you cool during hot weather 
  • Coolers are more energy-efficient 
  • Help in maintaining optimum humidity levels 
  • Easy to move around 

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

1. Can I buy a cooler of any brand on EMI?

Yes, you can choose to buy a cooler of any brand with an Instant Loan from Poonawalla Fincorp.  

2. Is a cooler cheaper than an AC?

Yes, a cooler is a more cost-effective option as compared to an AC. Additionally, it consumes less electricity to operate, leading to lower electricity bills. 

3. In which cities can I buy an Air Cooler on EMI?

You can buy an Air Cooler on EMI in most major cities and towns across India. Do remember to check the availability of the air cooler model, as it may vary based on the retailer or online marketplace you choose.