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

Get a Quick Professional Loan in Salem

Salem is known for its steel, textiles, sandalwood, coffee, silverworks and mining industries. Grab the opportunity to expand your career in this city with a Professional Loan from Poonawalla Fincorp. From expanding your practice to hiring new employees, fulfil all your needs with this collateral-free loan. Get up to ₹75 Lakh at competitive interest rates. Benefit from an online application, minimal documentation, quick approval, flexible repayment tenure, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive Interest
Rate
Flexible
EMIs
Online
Application
Minimal
Paperwork
No Hidden
Charges

Professional Loan EMI Calculator

Calculate your EMIs in an instant with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure. 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 Salem

Meet our simple and straightforward 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 Salem

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

Click to know more about the documents required in detail. 

Interest Rate and Charges for a Professional Loan in Salem

Avail of the loan at attractive interest rate and transparent 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

  • Expanding your practice 
  • Enhancing your professional skills 
  • Renovating your office space 
  • Fulfilling working capital requirement 
  • Purchasing equipment 

Who Can Get a Professional Loan

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

Tips for a Successful Professional Loan Application

  • Check your credit score 
  • Meet the eligibility criteria 
  • Reduce your existing debts 
  • Keep your Credit Utilisation Ratio (CUR) low 
  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Salem

Poonawalla Fincorp Limited 

Address: No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem, Tamil Nadu-636004 

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. How can I calculate EMIs on my Professional Loan?

You can calculate your EMIs with our online EMI calculator. Visit the EMI calculator page and enter the loan amount, interest rate, and tenure. Your monthly repayments will be displayed instantly. 

2. Who is eligible for a Professional Loan in Salem?

To be eligible for a loan for professionals, you must be between 24 and 65 years of age, practising for at least 1 year post qualification, and have an annual income of ₹3 Lakh. 

 

3. Can I use a Professional Loan for educational purposes?

Yes. You can use the loan amount to upgrade your skills with advanced courses or higher education, provided you meet the eligibility criteria.