Unsecured Personal Loan

Unsecured Personal Loan

Loan up to 30 Lakh | Attractive Interest Rates | Quick Approval | Easy to Apply

Poonawalla Fincorp's Unsecured Personal Loans are tailor-made to meet the diverse financial needs of individuals without pledging any collateral. With our hassle-free loan application process, you can avail of our Unsecured Personal Loan amount of up to ₹30 Lakh instantly.

Unsecured Loans are characterised by their high loan limits, minimal documentation requirements, rapid approval times, and swift disbursement. The funds can be used for a variety of purposes, including but not limited to medical emergencies and home renovations. This rapid access to funds makes Poonawalla Fincorp Unsecured Personal Loan an ideal choice for your urgent financial requirements.

Unsecured Personal Loans are a type of loan where the borrower does not need to provide any collateral or security against the loan amount. Unsecured loans allow borrowers to use their assets, such as property, vehicles, or other valuables, as a guarantee for repayment.

For individuals looking to build or improve their credit scores, responsibly managing an Unsecured Loan can be an effective strategy. By ensuring timely repayments, you can positively influence your credit history, which can benefit future financial endeavours. Unsecured Personal Loans offer a versatile and accessible financial solution for a wide range of financial needs. You can use Unsecured Personal Loan for home renovation, medical expenses, or vacations.


Poonawalla Fincorp acknowledges the importance of cost efficiency for borrowers. Accordingly, our Personal Loan is structured to offer competitive interest rates and associated charges, detailed as follows:

Personal 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 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

To qualify for an Unsecured Personal Loan, certain criteria must be met.
Poonawalla Fincorp has outlined the following requirements to ensure a smooth loan disbursement process:

Unsecured Personal Loan Eligibility Criteria

Age Requirement


Between 22 and 57 years

Citizenship Status



Employment Required


salaried individual

Work Experience logo

Work experience

At least one year

Monthly Salary Required

Monthly Income

At least ₹30,000

  • Age - Between 22 and 57 years.
  • Citizenship - The applicant must be an Indian citizen.
  • Employment Type- The applicant must be a salaried individual.
  • Work Experience - Must have at least one year of work experience and at least one month of stable employment with the current employer.
  • Monthly Salary - The applicant must earn a minimum monthly salary of ₹30,000.

Documentation can be tiring and frustrating, especially when you urgently need funds. With Poonawalla Fincorp, we offer a convenient and straightforward application process for an Unsecured Personal Loan. Here is the documentation required for an Unsecured Personal Loan:

  • KYC Documents


  • Address Proof

    Current Address Proof

  • Income Proof

    Income Documents

  • Proof of Employment

    Financial Documents

  • KYC - KYC (Know Your Customer) is a crucial step for confirming your identity. This process requires you to provide identification documents such as your PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
  • Current Address Proof – Submit your recent utility bill, rent agreement, or any official document showcasing your current address.
  • Income Documents – These include your salary slips, tax return statements, or other proofs of income to show you have steady earnings.
  • Financial Documents– Financial documents include bank statements, evidence of investments, and other relevant records that help in assessing your financial stability and history.

Poonawalla Fincorp's Unsecured Personal Loans offer a range of features and benefits:

  • Minimal documentation Logo

    No Collateral or Security

  • Higher Personal Loan amount Logo

    Flexible Repayment Tenure

  • Low interest rates Logo

    Attractive Interest Rates

  • Minimal Documentation

    Minimal Documentation

  • NNo Foreclosure Charges

    No Pre-Payment Charges

  • No Restrictions on Usage

    No Restrictions on Usage

  • No hidden charges

    No Hidden charges

  • Quick approval

    Quick approval

No Collateral or Security

Our Unsecured Personal Loan doesn't require any assets as collateral, offering you a loan without the need for pledging security.

Flexible Repayment Tenure

Customise your repayment duration to suit your financial situation, choosing a period ranging from 1 to 5 years. This flexibility ensures a comfortable repayment schedule.

Attractive Interest Rates

We aim to provide competitive interest rates on our Unsecured Personal Loans, making it easier for you to manage your repayment obligations.

Minimal Documentation

We only request essential documents minimising your paperwork and accelerating the loan processing for your convenience.

No Pre-Payment Charges

If you decide to pay off your loan early, there are no additional charges for prepayment. This allows you to settle your loan without incurring any extra costs.

No Restrictions on Usage

Our Unsecured Personal Loan comes with no usage restrictions. You have the freedom to utilise the loan amount for any financial need you may have.

No Hidden Charges

We ensure transparency by clearly disclosing all applicable fees during the loan processing journey.

Quick Approvals

Benefit from quick loan approval through our online application process and dedicated support team.

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Apply Online

Click on ‘Apply Now’ and complete the application form

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Quick approvals

Personal Details

Enter your DOB, qualification, and residential details

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Application Verification


Submit and upload all details for verification and assessment

What is the limit of an unsecured loan?

The limit of an unsecured loan in India varies, usually depending on the lender from whom it is being applied and the borrower's creditworthiness. Some lenders may offer high-limit unsecured loans to borrowers with excellent credit scores and financial history. It's best to do your research and check with different lenders to find out their specific limits for unsecured loans.

What is the maximum repayment tenure of an unsecured loan?

An unsecured loan can be repaid for 1 to 5 years. You can choose a flexible repayment tenure as per your requirements.

How quickly can I expect approval for my Unsecured Personal Loan application?

Poonawalla Fincorp is recognised for its rapid approval process. Borrowers often receive loan approvals within 2 days.

Are there any hidden charges that I should be aware of?

Poonawalla Fincorp maintains transparency in its policies, and there are no hidden charges. Borrowers are fully informed about the costs associated with the loan.

Do you offer unsecured loans only to self-employed individuals?

We offer unsecured loans to salaried individuals. These are called Personal Loans. We offer these types of loans to self-employed individuals, called Professional Loans. We also offer unsecured loans to businesspersons called Business Loans. While all these three loans are unsecured, they differ in their end customers, maximum loan limit, interest rate and a few other conditions.

Is Personal Loan Unsecured?

Yes, a Personal Loan is unsecured, which means you don't have to submit collateral as security. Personal Loans also come without any end-use restrictions. You can use the funds as per your needs and requirements.

What can I use my unsecured loan for?

You can use unsecured loans for a variety of purposes. These loans have no end-use restrictions. You can use unsecured Personal Loans to fund big-ticket expenses, travel, wedding planning, or debt consolidation.

What is the application process for an Unsecured Personal Loan?

You can apply for an Unsecured Personal Loan by ensuring you meet all the eligibility requirements, organizing and uploading the necessary documentation, and filling out a quick online form.

*Terms & Conditions Apply

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