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 repayments using our EMI calculator. Just enter the loan amount, interest rate, and loan tenure to calculate your loan EMIs. 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
collateral Icon Collateral-free
Loan
Application icon Online
Application
Interest rate icon Competitive
Interest Rate
document icon Minimal
Documentation
EMI Icon Flexible
Tenure
Zero icon Zero
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 just a few essential documents:

  • KYC Documents: Aadhaar Card and PAN Card.

We offer an Instant Loan at attractive interest rate 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

  • Manageable Payments: Spread the cost over easy monthly instalments, making the purchase more affordable. 
  • Instant Purchase: Get the appliance immediately without paying the full amount upfront. 
  • Flexible Tenure: Choose a repayment period between 1 and 36 months based on your budget. 

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

Buying a washing machine in instalments is usually considered a better option as it makes a large purchase possible and affordable for you with manageable monthly instalments. 

The choice between the front load and top load depends on your convenience and budget. Front-load machines are gentle with clothes and need less water and electricity consumption but can be expensive as compared to top load options.  

The average price of a new washing machine ranges between ₹10000 to ₹13000. It also depends on the type and model of the washing machine. For instance, front load washing machine comes with higher price as compared to top load machine. Apart from this, the average price also varies from one brand to another. 

No, it is not compulsory to have a credit card for buying a washing machine on EMI. You can get the same with an Instant Loan with Poonawalla Fincorp.