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

Get Home Appliance on EMI with Flexible EMIs

Transform your home with the latest appliances. Whether upgrading to a new refrigerator, washing machine, or AC, EMI allows you to bring home your desired appliances right away. Avail of an Instant Loan of up to ₹5 Lakh and enjoy the benefit of minimal documentation, high loan amount, flexible repayment tenure and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Online
Application
Competitive
Interest Rates
Minimal
Documentation
Flexible
Tenure
No
Hidden Charges

Instant Loan EMI Calculator

Plan your monthly repayments using our EMI calculator. Enter the loan amount, interest rate, and loan tenure to calculate your loan EMIs. 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

Rupees one lakh

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

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

  • 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 a few essential documents:

  • KYC Documents: Aadhaar Card and PAN Card.
  • Current Address Proof: Passport, Utility Bills, and Rent Agreement.

Interest Rates and Charges for an Instant Loan

We offer an Instant Loan at attractive 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
1 – 36 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
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 Home Appliances on EMI

No Credit Impact: Regular EMI payments can help maintain or improve your credit score. 

Easy Approval: The EMI process requires minimal documentation and quick approvals, making it hassle-free. 

Upgrade Convenience: You can upgrade to the latest models without worrying about immediate full payment. 

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 home appliances on EMI?

Yes, you can easily buy home appliances on EMI by applying for a Small Personal Loan from Poonawalla Fincorp up to ₹5 Lakh. 

2. What are the advantages of buying home appliances on EMI with Poonawalla Fincorp?
  • Easy processing and quick approvals. 

  • No hidden charges. 

  • Minimal documentation. 

  • Flexible repayment tenure. 

  • Attractive interest rates. 

3. How do I buy an AC online at a low price?

Poonawalla Fincorp’s Instant Loan provides the benefit of buying an AC online at an affordable rate. All you must do is- visit the Instant Loan page on our website and apply for a loan in just a few clicks. The loan will be disbursed to your bank account after approval and verification.