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

Avail of a Professional Loan Vellore Instantly

Vellore is known for its historical significance, cultural heritage, and educational institutes. Also known as the leather hub of India, the city has several leather and tannery industries. Invest in your career in this hustling city with a Professional Loan from Poonawalla Fincorp. We offer a collateral-free loan for professionals of up to ₹75 Lakh. Benefit from an attractive interest rate, minimal paperwork, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Online
Application
Attractive Interest
Rate
No Collateral
Required
Minimal
Paperwork
Quick
Approval
No Hidden
Charges

Professional Loan EMI Calculator

Plan your monthly repayments with our user-friendly EMI calculator. Just enter the loan amount, interest rate, and tenure. Calculate 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 Vellore

Fulfil our simple eligibility criteria to qualify:

  • 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 Vellore

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 Vellore

Interest Rates
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹50 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

  • Renovation of office 
  • Purchasing new equipment 
  • Installing new software 
  • Meeting working capital requirement 

Who Can Get a Professional Loan

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

Tips for a Successful Professional Loan Application

  • Meet the eligibility criteria 
  • Maintain a healthy debt-to-income ratio  
  • Review your credit score 
  • Provide accurate information 
  • Avoid multiple loan applications 

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 use of a Professional Loan EMI Calculator?

A Professional EMI calculator is an online tool that helps you calculate your monthly repayments. You just need to enter the loan amount, interest rate and tenure to get the results instantly. You can also try different combinations to choose the one that suits you the best. 

2. What is the maximum amount I can get with a loan for professionals?

Poonawalla Fincorp offers a loan to professionals of up to ₹75 Lakh. However, the sanctioned loan amount may vary based on your credit score, age, income, work experience, and our internal policies. 

 

3. What are the age requirements to apply for a Professional Loan?

To apply for a loan for professionals from Poonawalla Fincorp, you must be between 24 and 65 years of age.