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

Buy Musical Instruments on EMI

Good quality musical instruments are indispensable in music production. As a result, professionals constantly strive for the quality of an instrument. However, good quality musical instruments made by top brands are often costly. Poonawalla Fincorp’s Instant Loan of up to ₹5 Lakh provides a convenient solution for the purchase of musical instruments on EMI.  With a simple application process and minimal documentation, you can instantly get the funds in your account and repay them with our flexible EMI options for up to 36 months.

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rates
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero
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

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 old.
  • 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 an attractive 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 Buying Musical Instruments on EMI

  • Buy top-quality musical instruments conveniently without budget worries.  
  • Repay conveniently with our flexible EMI options.  
  • Instantly secure up to ₹5 Lakh funds to buy musical instruments on EMI.

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. What are the benefits of buying musical instruments on EMI?

Buying musical instruments on EMI helps spread the overall cost across manageable monthly instalments. The elimination of the need to make an upfront payment also helps you preserve your hard-earned savings.  

2. How can I buy musical instruments on EMI?

Buy musical instruments on EMI with an Instant Loan of up to ₹5 Lakh from Poonawalla Fincorp to cover the upfront payment. You can also repay conveniently with our flexible EMI options.  

 

3. How much Instant Loan can I get to buy musical instruments on EMI?

You can get up to ₹5 Lakh Instant Loan from Poonawalla Fincorp to purchase a musical instrument of your choice on EMI. The final loan amount is determined after checking your eligibility, credit report and verifying some other details.  

4. Can I get flexible repayment tenure for buying musical instruments on EMI?

Yes. Poonawalla Fincorp provides Instant Loans with flexible EMI options for up to 36 months. The flexible repayment tenure ranges from 1 – 36 months.