Buy a Refrigerator on EMI
Purchasing a new refrigerator on EMI is straightforward with Poonawalla Fincorp’s 100% digital Instant Personal Loan. Get easy access to up to ₹5 Lakh to choose a premium refrigerator with advanced features, improved energy efficiency, and the right capacity for your family. The entire journey, from application to disbursal, is designed for speed and convenience. You can also use the EMI calculator to plan your monthly payments and make a well-informed financial decision. Apply now!
Plan Your Refrigerator Purchase with an EMI Calculator
Estimate monthly payments before buying your refrigerator. Enter the price as the loan amount, interest rate, and tenure into an online Personal Loan EMI Calculator. It instantly shows your EMI, helping you fit it into your budget. Calculate now!
Why Choose Poonawalla Fincorp
Collateral-freeLoan
Competitive Interest Rate
Minimal Documentation
Flexible Tenure
OnlineApplication
Zero Hidden Charges
How to Apply for an Instant Loan Online in Just 3 Steps
To apply for an Instant Loan, you must meet the following basic eligibility requirements:
| Age | Between 24 and 55 years |
| Citizenship | Indian |
| Employment | Salaried or self-employed individuals working full-time with a government entity, public or private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp |
| Income | Minimum declared annual household income of ₹3 Lakh |
| Credit Score | The credit score of the applicant must be 750 and above |
Submit just a few essential documents:
| KYC Documents | Aadhaar Card and PAN Card |
Before applying, it is important to understand the interest rate and applicable charges associated with an Instant Loan:
| Interest Rate | 16%* p.a. onwards |
| Loan Amount | ₹50,000 to ₹5 Lakh |
| Loan Processing Fees | Up to 5% plus applicable taxes |
| Lowest EMI Per Month | ₹1,962 for 36 months |
| Loan Tenure | 12–36 months |
| Prepayment/Foreclosure Charges |
1) Nil if prepaid from borrower’s own funds. |
| Default Charges/ Penal Charges | 24% per annum |
| Repayment Instrument Bounce Charges | ₹500 per instance |
| Repayment Instrument Cancellation/Re-Issue/ Swapping Charges | ₹500 plus applicable taxes |
| Stamp Duty | At actuals (as per state laws) |
| Documentation Charges (Incl. GST) | ₹236 |
| Duplicate No Objection Certificate | ₹500 plus applicable taxes |
| Cash Collection/Handling Charges | ₹500 plus applicable taxes per instance |
| Legal/Enforcement/ Recovery Charges | At actuals |
| Hidden Charges | Nil |
Tap here to know more about the interest rates and charges for an Instant Loan.
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.
*T&C Apply
Opting for an Instant Loan to buy your new refrigerator on EMI offers several advantages, making it a smart and convenient choice. Here’s how you benefit:
- No Strain on Your Budget: A new refrigerator can be a significant one-time expense. By converting the cost into Equated Monthly Instalments (EMIs), you can acquire the appliance you need without paying a large sum upfront, keeping your savings intact for other priorities.
- Flexible Repayment: You can choose a loan tenure that fits your monthly budget. With flexible repayment options, you can plan your finances effectively and repay the loan amount comfortably over a period that works for you.
- Get the Best Model Without Compromise: Don’t let a tight budget limit your choice. With access to up to ₹5 Lakh in funds, you can buy a refrigerator from top brands, ensuring superior performance and a stylish design that complements your home.
- Simple and Quick Process: Our 100% digital application process ensures you can apply for a loan from anywhere, anytime. With minimal documentation and quick approval, funds are disbursed promptly so you can bring your new refrigerator home sooner.
- Build a Positive Credit History: Paying your loan EMIs on time is a disciplined financial practice. Consistent and timely repayments can reflect positively on your credit report, which may help in building a stronger credit score for your future financial needs.
Your CIBIL score plays a crucial role in determining your loan eligibility. Here’s how different score ranges impact your chances of approval and loan terms:
| CIBIL Score Range | Loan Eligibility |
| Excellent (750+) | High approval chances with competitive interest rates |
| Good (700-749) | Good approval chances with standard interest rates |
| Fair (650-699) | Possible approval with higher interest rates and lower loan amounts |
| Poor (Below 650) | Low approval chances, if approved, the loan may have higher rates and a smaller sanctioned amount |
When it comes to purchasing a refrigerator on EMI, there are several myths that need to be cleared up. Let’s look at the facts:
| Myth | Fact |
| EMI purchases have high interest rates | Poonawalla Fincorp offers interest rates starting at 16%* p.a., which are competitive and often lower than credit cards. |
| The EMI process is time-consuming and complicated | The process is fully digital and fast, with approvals completed in minutes. |
| EMI payments for a refrigerator are expensive | For a ₹50,000 refrigerator with a 16%* p.a. interest rate and a 36-month tenure, your EMI would be about ₹1,758 a month. |
| EMI purchases are less secure than paying up front | Purchasing with an Instant Loan from a trusted NBFC like Poonawalla Fincorp is just as secure as paying upfront. |
Happy Customers, Happy Us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely. Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution. I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
I am incredibly grateful for the outstanding support I received throughout my loan process. The guidance provided made every step feel manageable and stress-free. What stood out most was the humility and genuine willingness to help at every stage, qualities that made a significant difference in my experience. Without this support, the journey would have been far more challenging. I truly appreciate the dedication and helpful nature that was consistently demonstrated. The efforts put forth were invaluable, and I feel fortunate to have worked with someone so committed and supportive.
It was really great working with Poonawalla Fincorp. Thanks to the support and coordination by the team. I was able to get a significant portion of my requirements despite having a bit of a mess in my financial records. The loan processing and disbursement process at Poonawalla Fincorp was super smooth. They were incredibly cooperative and helpful. I’m looking forward to building a healthy relationship with them in the future. Thank you.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
Discover More with
Other Loan Options to Suit Your Needs
Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s
FinHub
Frequently Asked Questions
You can apply for a Poonawalla Fincorp Instant Personal Loan online. Once the funds are in your account, you can buy the refrigerator from any store and then repay us in manageable EMIs.
You can get up to ₹5 Lakh Instant Loan from Poonawalla Fincorp to purchase a refrigerator of your choice on EMI. The final loan amount is determined after checking your eligibility and credit report, and verifying other details.
Yes. Poonawalla Fincorp offers flexible repayment tenures ranging from 12 to 36 months. This allows you to choose a plan that aligns with your financial comfort, ensuring your monthly EMIs fit easily into your budget. You can use our online EMI Calculator to find the ideal tenure for your needs.
A credit score of 750 or above is generally required to apply for our Instant Loan. A strong credit score reflects financial discipline and can help you get quicker approval for your loan application.
Yes, you can. We offer the flexibility to prepay your loan. If you prepay the loan from your own funds, there are no prepayment charges. For more details on the terms, please refer to the charges table mentioned above.