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

Purchase a Smartphone on EMI

Upgrade your smartphone and experience cutting-edge technology without worrying about paying the full amount upfront. Get an Instant Loan from Poonawalla Fincorp of up to ₹5 Lakh to buy a smartphone on EMI. Spread the cost over several months and make your purchase more affordable to suit your monthly budget. Enjoy the benefit of minimal documentation, high loan amount, flexible repayment tenure and no 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

Calculate 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

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: 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:

  • KYC Documents: Aadhaar Card and PAN Card.

Interest Rate and Charges for an Instant Loan

We offer an Instant Loan with 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 a Smartphone on EMI

  • Easy on Pocket: Purchasing a full-price phone can take your monthly budget out of track. Instead, when you buy it on EMI, you can purchase your mobile with ease.
  • Best Phone at an Affordable Rate: Getting a phone with better specifications can be expensive. However, when you pay a small monthly fee, the phone becomes more affordable.
  • Flexible EMIs: With flexible EMI options, you can select a repayment tenure that fits in your budget, ranging from a few months to a couple of years.

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

Can I buy an Android or IOS on EMI?

Yes, you can easily buy an Android or IOS mobile phone with a Poonawalla Fincorp’s Instant Loan up to ₹5 Lakh.

What is needed to buy a smartphone on EMI?

To buy a smartphone on EMI with an Instant Loan from Poonawalla Fincorp, you need to provide KYC details (Aadhaar Card, and PAN Card) and proof of current address (passport, utility bills, etc).

Does phone EMI affect credit score?

Yes, timely repayment of a phone EMI loan can positively impact your credit score, and late or missed payments can negatively impact your credit score.