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

Apply for a Professional Loan in Mysore With Minimal Paperwork

Mysore, located in Karnataka, is known for its stone sculptures, sandalwood and rosewood artefacts, silk sarees, delicious food, etc. Its economy depends on several industries, such as IT, tourism, finance and manufacturing. The city’s developing economy offers many opportunities to grow your professional practice. Boost your career growth with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Avail of a collateral-free loan with competitive interest rates, flexible EMIs and swift approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
High Loan
Amount
Flexible
EMIs
Attractive Interest
Rate

Professional Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Just enter the loan amount, tenure and interest rate to know your EMIs. Try it 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 Mysore

Fulfil our simple eligibility criteria to qualify for the loan:

  • 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 Mysore

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
  • Proof of Professional Qualification

Click to know more about the necessary documents in detail. 

Interest Rate and Charges for a Professional Loan in Mysore

Apply for a loan for professionals at attractive interest rate and nominal charges:

Interest Rates
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

  • Expanding your professional practice 
  • Renovating your office space 
  • Improving your professional skills 
  • Meeting your working capital needs 
  • Buying equipment 
  • Consolidating existing debts 

Who Can Get a Professional Loan

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

Tips for a Successful Professional Loan Application

  • Meet the eligibility criteria 
  • Borrow only what you need 
  • Check your credit score 
  • Frequently check your credit report for inaccuracies 
  • Keep the loan documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Mysore

Poonawalla Fincorp Limited 

Address: 2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009 

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. Who is eligible for a Professional Loan from Poonawalla Fincorp?

Self-employed Company Secretaries (CS), Chartered Accountants (CA) and doctors are eligible to get our loan to professionals, provided they fulfil the eligibility criteria and submit the required documents.  

2. What is the processing fee for Poonawalla Fincorp’s loan to professionals in Mysore?

We charge a processing fee of 3% for our loan to professionals in Mysore. The processing fee is payable at the time of loan disbursal. 

 

3. Why should I use the Professional Loan EMI calculator?

You should use our online Professional Loan EMI calculator to simplify the planning for the repayment of your loan. Simply enter the desired loan amount, interest rate and tenure to know the EMI instantly and plan your monthly payments based on your repayment capacity.