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

Get a Professional Loan in Nagpur With Swift Approval

Nagpur, also known as ‘Orange City’, is an important cultural and commercial centre in Maharashtra. The city’s economy depends on orange cultivation, mining, IT, etc. Enjoy the benefits of expanding business opportunities in this city with a Professional Loan of up to ₹75 Lakh from Poonawalla Fincorp. Utilise the funds to purchase new equipment, hire and train employees, meet your working capital needs, etc. Benefit from our competitive interest rates, no hidden charges and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

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

Professional Loan EMI Calculator

Use our online EMI calculator to plan your monthly repayments. Simply enter the loan amount, tenure and interest rate to know your EMIs. 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 Nagpur

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: Minimum ₹3 Lakh.

Documents Required for a Professional Loan in Nagpur

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 Nagpur

Get our loan for 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 practice 
  • Hiring and training employees 
  • Improving your professional skills 
  • Financing your working capital needs 
  • Purchasing machinery and software 
  • Consolidating existing debt 

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 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Maintain a lower debt-to-income ratio 
  • Keep the loan documents ready 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Nagpur

Address: 1st Floor, Vision, Plot No. 9, CTS No. 1062, VIP road, beside traffic park, Mouje Gadge, Dharampeth, Nagpur, Maharashtra-440010 

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 lowest EMI per month for a Professional Loan from Poonawalla Fincorp?

The lowest EMI for our Professional Loan starts from ₹2,275 for a loan amount of ₹1 Lakh, tenure of 60 months and interest rate of 13%* p.a. 

2. What are the benefits of choosing Poonawalla Fincorp for a Professional Loan in Nagpur?

Our Professional Loans offer flexible EMIs, attractive interest rates, minimal paperwork, instant approval and quick disbursal, thereby making it a hassle-free credit financing option for self-employed professionals. 

 

3. When should I opt for a Professional Loan?

You can choose a loan to professionals from Poonawalla Fincorp when you need funds to grow your practice. A Professional Loan helps you secure collateral-free funds to invest in and expand your professional practice.