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

Fitness Equipment on EMI

Staying fit and healthy has become extremely important these days due to the increasing demands of our fast-paced lifestyle. However, getting the right fitness equipment can prove to be an expensive task, making it difficult for those looking for an affordable way to stay fit. This is where getting Fitness Equipment on EMI with Small Personal Loans from Poonawalla Fincorp can help! 

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rates
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 - The applicant must be between 25 and 55 years old.
  • Citizenship - The applicant must be an Indian citizen.
  • Annual Income - The applicant’s annual household income must be at least ₹3 Lakh.
  • Credit Score - The credit score of the applicant must be 750 and above.

Documents Required for an Instant Loan

Provide a few essential documents for quick loan approval:

  • KYC Documents: Aadhaar Card and PAN Card.

Interest Rates and Charges for an Instant Loan

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

Interest Rates
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 Fitness Equipment on EMI

  • Economical Option: You can spread the cost of expensive fitness gear over a specific time, making it more affordable and budget-friendly. This means you can invest in a high-quality gym setup on EMI without straining your finances.
  • Flexible Repayment: You can apply for a Small Personal Loan to get Fitness Equipment on EMI with a flexible repayment period. Moreover, EMI plans are usually customizable, allowing you to choose a repayment schedule that suits your financial situation.

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

How is EMI calculated for fitness equipment?

EMI is calculated based on the loan amount, interest rate, and tenure. Use our online EMI calculator to estimate your EMI. 

What happens if I miss an EMI payment?

Missing an EMI payment may result in late fees and penalties. It can also impact your credit score. 

What are the benefits of buying fitness equipment on EMI?

Buying on EMI allows you to spread out the cost of the equipment over time, making it more affordable. It also enables you to start using the equipment immediately without having to pay the full price upfront.