Apply for a Small Loan Online For Any Emergency
Need quick cash to meet your short-term expenses? A Personal Loan from Poonawalla Fincorp is your go-to! Whether it is for a family vacation, medical emergency, home renovation or unexpected bills, our quick, small loan is a lifesaver.
Avail of this mini loan of up to ₹5 Lakh and enjoy benefits like flexible EMIs, attractive interest rates, and no hidden charges. Apply with minimal documentation now!EMI Calculator for An Online Small Loan
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EMI Amount = *
Interest Rate and Charges For Urgent Micro Loan
Avail of a small loan online at attractive interest rates and nominal charges:
| Interest Rates | 16%* p.a. onwards |
| Loan Amount | ₹50,000 to ₹5 Lakh |
| Loan Processing Fees | upto 4.5% + Applicable Taxes |
| Lowest EMI Per Month | ₹1,962 for 36 months |
| Loan Tenure | 1 to 36 months |
| Prepayment/Foreclosure Charges | 0% if paid from own sources 4% if paid from other sources |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Hidden Charges | Nil |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Eligibility Criteria For An Instant Small Loan
Apply seamlessly for our small amount loan and obtain the funds you need instantly by meeting our basic eligibility criteria:
Age
Citizenship
Annual Household Income
- Age: Between 25 to 55 years
- Citizenship: Indian
- Annual Household Income: Minimum of ₹3 Lakh
Documents Required for a Small Personal Loan
Submit just a few documents for a quick loan approval:
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KYC Documents
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Current Address Proof
- KYC Documents: PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
- Current Address Proof: Passport, utility bills and rent agreement
Top 7 Benefits of a Small Personal Financing
A small personal financing from Poonawalla Fincorp has multiple features and benefits that make it an extremely useful loan. Let’s check out some benefits:
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Collateral-free Loan
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Flexible Repayment Tenure
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Minimal Documentation
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No End-usage Restrictions
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No Hidden Charges
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Quick Approvals
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Easy Process
- Collateral-free Loan – Mini loans are unsecured in nature, which means you don’t have to pledge any asset as collateral.
- Flexible Repayment Tenure – Enjoy the freedom to tailor your loan repayment tenure between 12 and 60 months based on your financial situation and repayment capability.
- Minimal Documentation – Submit just a few basic documents to avail of a loan with Poonawalla Fincorp.
- No End-usage Restrictions – These loans come with no restrictions on end-usage allowing you to use the loan amount as per your need.
- No Hidden Charges – All the rates and charges are conveyed to you clearly. There are no hidden charges, and you only pay the amount that is conveyed to you.
- Quick Approvals – Enjoy quick approvals just by meeting our simple eligibility criteria and submitting all the documents correctly.
- Easy Application Process – Our loan application is 100% digital, allowing you to apply for a loan anytime, anywhere, at your convenience.
How to Apply for a Small Loan within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions About Online Small Loan
It is an unsecured loan for your small financial needs of up to ₹5 Lakh.
To avail of a mini loan, you are to meet the following eligibility criteria:
- Age: Between 25 to 55 years
- Citizenship: Indian
- Annual Household Income: Minimum of ₹3 Lakh
To avail of a loan, you must have a credit score of at least 750 and above.
Yes, you can purchase your flight ticket and also cover other travel expenses with a small loan.
No, a self-employed individual is not eligible for our small Personal Loan. Poonawalla Fincorp offers a mini loan to only salaried individuals with a minimum household income of ₹3 Lakh per annum.
*Terms & Conditions Apply
