Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 13%* p.a.
Loan Tenure
12-60 Months

Avail of Professional Loan in Amritsar Instantly

Amritsar, the city of the Golden Temple, is known for its historical architecture and cultural significance in Punjab. It has several industries, including tourism, manufacturing and handicrafts. The city offers several opportunities for self-employed professionals. Grow your practice and invest in your career advancement with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Benefit from our competitive interest rates, flexible EMIs, minimal paperwork and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Flexible
EMIs
No Hidden
Charges
Minimal
Paperwork
Attractive Interest
Rate
Swift
Approval

Professional Loan EMI Calculator

Make use of our online EMI calculator to plan your monthly repayments. Slide the bar to enter the loan amount, tenure and interest rate to calculate your EMIs instantly. Try now!

Optimise Your Professional Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
13 %
30 %

Tenure

Months
12Months
60Months

Apply for a Professional Loan in Just 3 Steps

Click on "Apply Now"

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and other details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Professional Loan in Amritsar

Fulfil our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Work Experience: Must be practising for at least 1 year post qualification.
  • Annual Income: Minimum ₹3 Lakh.

Documents Required for a Professional Loan in Amritsar

Submit the required documents based on whether you are self-employed or working with a firm/company:

  • Identity Proof
  • Residential Address Proof
  • Business Address Proof
  • Income Proof
  • Bank Account Statement
  • Professional Qualification Proof

Click to know more about the necessary documents in detail. 

Interest Rate and Charges for Professional Loan in Amritsar

Get our loan to professionals with competitive interest rate and nominal charges:

Interest Rate
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3%
Lowest EMI per month
Starting from ₹2,275* per Lakh for 60 months
Loan Tenure
12 – 60 months
Prepayment/Foreclosure Charges
First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus taxes
Repayment Instrument Dishonor Charges
₹500 per bounce
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

Different Uses of a Professional Loan

  • Expand your professional practice 
  • Refurbish your office space 
  • Improve your professional skills 
  • Meet your working capital needs 
  • Hire and train new staff 
  • Purchase new equipment 

Who Can Get a Professional Loan

  • Self-employed Doctors 
  • Self-employed Company Secretaries  
  • Self-employed Chartered Accountants 

Tips for a Successful Professional Loan Application

  • Fulfil our eligibility criteria 
  • Maintain a credit utilisation ratio of up to 30% 
  • Check your credit score 
  • Check your credit report for inaccuracies 
  • Keep the loan documents handy 
  • Avoid multiple loan applications 

Poonawalla Fincorp Limited Address in Amritsar

Address: 2nd Floor, B Block, SCO-24, District. Shopping Complex, Ranjit Avenue, Amritsar, Punjab-143001 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm 

(Weekly off on first and second Saturdays and all Sundays.) 

*T&C Apply  

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

1. What is the maximum amount I can apply for a Professional Loan in Amritsar?

You can apply for a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. However, you must note that the loan amount offered to you will depend on your credit profile, professional experience, work profile, repayment history, etc. 

2. What is the prepayment fee for a loan to professionals from Poonawalla Fincorp in Amritsar?

Poonawalla Fincorp offers loans to professionals with 6% on principle outstanding plus applicable taxes on up to first six month's EMI. After payment of First six EMI’s - 5% on principle outstanding plus applicable taxes.

 

3. How can I improve my eligibility for the Professional Loan?

You can improve your eligibility to get a loan to professionals by maintaining a credit score of 750 and above. To maintain a high credit score, you should pay your EMIs on time, frequently check for any errors in your credit report and keep your credit utilisation ratio to 30%.