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

Instant Loan EMI Calculator

Plan your monthly repayment by using our EMI calculator instantly. Just enter the loan amount, interest rate and tenure to get your EMIs instantly. 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
12 Months
36 Months

Why Choose Poonawalla Fincorp

Loan icon High Loan
Amount
Application icon Online
Application
collateral icon Collateral-free
Loan
Interest rate icon Competitive
Interest Rates
document icon Minimal
Paperwork
EMI Icon Flexible
EMIs
Zero icon No
Hidden Charges

Apply for an Instant Loan Online

Step 1 icon

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Step 2 icon

Enter Details

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

Step 3 icon

Instant Disbursement

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

Get exclusive offers thoughtfully customised just for you

Access our flexible financing solution instantly by meeting our simple eligibility criteria:

  • Age - Between 24 and 55 years.
  • Citizenship - Indian
  • Annual Income - At least ₹3 Lakh.
  • Credit Score - 750 and above.

Submit a few essential documents:

  • KYC Documents: Aadhaar Card and PAN Card.

Poonawalla Fincorp offers an Instant Loan at attractive interest rates and nominal charges:

Interest Rate
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
Upto 5% Plus Applicable Taxes
Loan Tenure
12 – 36 months
Prepayment/Foreclosure Charges
1. If Foreclosure or Prepayment is done from own funds of the Borrower- Nil charges
2. If Foreclosure or Prepayment is done by balance transfer from another bank/financial institution- 4% on amount being prepaid plus applicable Taxes
Default Charges
24% per annum
Repayment Instrument Bounce charges per instance
INR 500/-
Repayment Instrument cancellation & re-issue/ swapping charges
INR 500/- plus applicable Taxes
Stamp Duty
At actuals (as per state)
Duplicate No objection certificate
INR.500/- Plus Applicable Taxes
Cash collection/ cash handling charges. *Applicable for cash collection done via Lender's employees/personnel as well as Cash deposited in Lender's branch by the Borrower or any of their representatives, applicable on prospective basis.
INR 500/- Plus Applicable Taxes per instance
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

  • Higher Loan Amount: Secure up to ₹5 Lakh to buy a guitar of your choice. 

  • Flexible Repayment Tenure: With a repayment tenure of up to 36 months, plan your monthly repayment at your convenience. 

  • Minimal Documentation: You only need to submit your KYC documents and current address proof. 

  • No Hidden Charges: All the charges and interest rates are clearly disclosed. 

  • Quick Approval and Disbursal: Enjoy the hassle-free application and quick disbursal. 

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

Your repayment tenure totally depends on you; with Poonawalla Fincorp, you can select a repayment period between 12 to 36 months that suits your budget and repayment capacity. 

You can calculate EMI on your guitar with the help of our EMI calculator by filling in details, such as loan amount, interest rate and tenure.  

Good-quality guitars are expensive. Hence, buying a guitar on EMI and paying for it on affordable monthly payments is ideal.