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

Get a Collateral-free Professional Loan in Muzaffarpur 

Muzaffarpur, famous for its litchi orchards, is a city with a rich history, arts, literature and a vibrant culture. Expand your professional practice in this city and invest in your career growth with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Avail of a collateral-free loan with minimal paperwork. Benefit from our competitive interest rates, flexible EMIs, no hidden charges and swift approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
Minimal
Documentation
Online Application
Process
Attractive Interest
Rate

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

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 Muzaffarpur

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 Muzaffarpur

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 Muzaffarpur

Access instant funds with 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
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

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

Poonawalla Fincorp Branch Address Near Muzaffarpur

Poonawalla Fincorp Limited 

​​​Address: Office no. 105, 1st Floor, Pandey Plaza, Exhibition Road, Patna, Bihar-800001 

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 are the prepayment charges for Poonawalla Fincorp’s Professional Loan in Muzaffarpur?

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.

2. What are the advantages of applying for a Professional Loan online?

Applying for a Professional Loan online helps you save time and ensure a smooth and convenient process. Moreover, you don't need to visit the branch or wait in queues to apply for the loan.  

 

3. How is the EMI amount calculated for a Professional Loan from Poonawalla Fincorp?

The EMI for your Professional Loan is decided on the basis of interest rate, sanctioned loan amount and loan tenure. You can use our EMI calculator to know the EMIs for your Professional Loan.