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

Get a Professional Loan in Morbi With Instant Disbursal

Morbi, a vibrant city in Gujarat, is home to many industries such as cotton processing, pottery making, roof-tile manufacturing, etc. Expand your professional practice in the city with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Access instant funds to purchase new equipment, meet your working capital needs, hire new employees, etc. Enjoy competitive interest rates, no hidden charges, minimal paperwork and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
Online
Application
Online Application
Process
Attractive Interest
Rates

Professional Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Enter the loan amount, tenure and interest rate to know your EMI accurately. 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

Rupees one lakh

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 Morbi

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: At least ₹3 Lakh.

Documents Required for a Professional Loan in Morbi

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 Morbi

We offer a loan to professionals at competitive interest rate and nominal charges:

Interest Rate
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
2% plus applicable taxes
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 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

Different Uses of a Professional Loan

  • Expanding your professional practice 
  • Renovating your office space 
  • Enhancing your professional skills 
  • Meeting your working capital needs 
  • Purchasing equipment 

Who Can Get a Professional Loan 

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

Tips for a Successful Professional Loan Application

  • Meet the eligibility criteria 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Maintain your credit utilisation ratio to 30% 
  • Keep the loan documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address Near Morbi

Poonawalla Fincorp Limited 

​​​Address: Office No.304,305 & 306, 3rd Floor, Majestic Plaza, Law Garden, Ellisbridge, Ahmedabad, Gujarat-380006. 

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  

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 is the minimum annual income for a Professional Loan from Poonawalla Fincorp?

The minimum annual income required for our loan to professionals is ₹3 Lakh. Having a higher annual income improves your eligibility for availing of the loan. 

2. How can I get quick approval for Poonawalla Fincorp's Professional Loan?

Follow these steps to get swift approval for our loan to professionals: 

  • Fulfil the loan eligibility criteria 

  • Borrow only what you need 

  • Decide the loan tenure based on your repayment capacity 

  • Apply for the loan through our website or download the Poonawalla Fincorp app 

  • Maintain a low debt-to-income ratio 

  • Attach the necessary documents while filling out the application form 

 

3. Can I get a Professional Loan of ₹17 Lakh from Poonawalla Fincorp to expand my professional practice?

Yes, you can get a Professional Loan of ₹17 Lakh to expand your professional practice, provided you fulfil our eligibility criteria and submit the required documents.