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

Instant Loan EMI Calculator

Calculate your monthly repayment by using our EMI calculator instantly. Just enter the loan amount, interest rate and tenure to get your EMIs instantly. Try 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 - The applicant must be between 24 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.

Submit a few essential documents to get an Instant Loan to get a home renovation on EMI:

  • KYC Documents: Aadhaar Card and PAN Card.

Poonawalla Fincorp offers 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 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

Make your home a custom-made space without worrying about the budget. Here are 4 benefits of renovating your home on EMI: 

  • Affordable: Renovate your home without paying for it in one go. Make home renovation affordable by choosing to repay in monthly instalments. 

  • Quick Disbursal: After successful verification, the loan amount will be disbursed into your bank account. 

  • High Loan Amount: Avail yourself of a loan amount of up to ₹5 Lakh to make your abode a true reflection of your personality. 

  • Flexible Repayment Tenure: You can select your repayment options as required between 12 to 36 months (about 3 years). 

  • Minimal Documentation: Submit just a few documents, such as KYC documents – PAN Card and Aadhaar Card- and proof of your current address – passport, utility bills or rental agreement. 

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

Home renovation is a big decision and may require a considerable amount of investment. By renovating your home on EMI, you can divide the cost into manageable monthly instalments. 

You can finance your home renovation easily by getting an Instant Loan from Poonawalla Fincorp. Get up to ₹5 Lakh at an attractive interest rate with minimal documentation and quick approval.   

Applying for an Instant Loan is an easy and quick process. All you need to submit are the KYC documents and proof of current address.