Apply for Quick Loan Online
With Poonawalla Fincorp, getting Quick Loans online is now easier than ever. You can enjoy swift Quick Loan approval along with a host of different features and benefits that include attractive interest rates and flexible repayment terms. You can avail of Quick Loans online of up to ₹30 Lakh with us by submitting basic KYC documents and fulfilling the simple eligibility criteria.
What are Quick Loans?
A Quick Loan or Quick Loan finance is designed to provide instant financing to help borrowers fulfil their specific requirements. It is a kind of unsecured Personal Loan that can be availed of without any collateral.
What’s more, Quick Loans can be availed of to fulfil a host of different purposes. such as:
- Medical Emergency
- Higher Education
- Overseas Travel
- Wedding Planning
- Home Renovation
EMI Calculator for Quick Personal Loans
Quick Loan Interest Rate
Poonawalla Fincorp offers Quick Loans online at attractive interest rates starting from just 9.99% per annum.
The table below provides more details on Quick Loan interest rates and charges:
|Quick Loan Interest Rates||9.99%* p.a. onwards|
|Loan Amount||₹1 Lakh to ₹30 Lakh|
|Loan Processing Fees||Up to 2% plus applicable taxes|
|Lowest EMI Per Month*||Starting from ₹2,124* per Lakh for 60 months|
|Loan Tenure||12 to 60 months|
|Pre-Payment/Foreclosure Charges||0%* If paid from own sources|
|Late Payment Charges||2% per month|
|Cheque Bounce Charges||₹500 per bounce plus applicable taxes|
|Stamp Duty||At actuals (as per state)|
|No Other Hidden Charges|
Eligibility Criteria for Quick Loan
The eligibility criteria for our Quick Loan are listed below:
- Age - You must be aged between 22 years old and 57 years old.
- Citizenship - Indian citizenship is mandatory.
- Employment - A full-time job is a must have.
- Work Experience - Minimum 1-year job experience and at least 1 month’s stable employment at current job
- Monthly Income - A monthly net take-home salary of at least ₹30,000 is necessary.
Note: The above-mentioned eligibility criteria are indicative and can vary among lenders.
Documents Required for Quick Loan
Following is the list of documents you will be required to submit when applying for a Quick Loan:
- KYC Documents - PAN Card/Aadhaar Card
- Current Address Proof - Passport/Rent Agreement/Utility Bills
- Income Documents - Salary slip (latest)
- Financial Documents - Bank statement from the last 3 months showing salary credit
- Employment Proof - Employee ID Card/ Official mail id confirmation
Note: The list of loan documents mentioned above is indicative and may vary between lenders.
Reasons to Opt for a Quick Loan
Some of the main reasons why you should opt for a Quick Loan include:
- Paying Medical Bills - Financial obligations arising from medical emergencies can be easily taken care of with a Quick Loan.
- Fulfilling Higher Education Goals - Study or pay for the education of your family member at premier educational institutions with Quick Loan services.
- Managing Overseas Travel Expenses - Traveling to your favourite destination abroad is no longer a dream with Quick Loans.
- Planning Your Dream Wedding - Wedding planning can often go over budget. With Quick Loans, you can manage wedding costs without any hassle.
- Paying for Home Renovation - Transform the overall ambience of your home for the better with a Quick Loan for home renovation.
Features & Benefits of Quick Loan
Our Quick Loans come with some of the best features and benefits, such as:
- Zero Collateral - You are not required to put any asset as security against the loan amount.
- Minimal Documentation - You are only required to submit basic KYC documents at the time of applying for the loan.
- Simple Eligibility Criteria - Qualifying for a Quick Loan is easy if you meet the basic requirements of eligibility set out by your lender.
- Competitive Interest Rates - Quick Loans offered by us can be availed of at attractive interest rates starting from 9.99% p.a.
- Swift Loan Processing - The entire Quick Loan process from application to disbursal is completed within a short time.
Apply for Quick Loan within 5 Minutes
Click on Apply Now and fill in the complete application.
Enter your DOB, qualification and residential details
Application will then proceed for verification and assessment