personal loan interest rates

Urgent Personal Loan

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

In life, invariably, we might come across erratic events that could catch us off-guard. These events may perhaps come in various forms, and often, end up burning a hole in our pocket. These include medical emergencies, cash flow irregularities, even mounting bills etc. While a little financial assistance goes a long way in such situations, it may involve dreadfully long-winding queues to get a loan sanctioned or scampering for multi-level loan approvals.

What if you didn’t have to suffer through this rigorous process and instead, get access to instant financing? Sounds too good to be true, doesn’t it?

We understand the necessity to access quick financing, especially in crunch situations where every minute counts. Our Urgent Personal Loan facility, as the name suggests, eliminates the tedious procedures involved in loan processing, and gives you the finances you require instantaneously.

Poonawalla Fincorp’s Urgent Personal Loans come with great perks. Easy eligibility, rapid approval, and no hidden charges are some of the notable characteristics of our loans. With us, you can now make stress-free decisions when it comes to financing.


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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 3% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Our goal is to ensure that you have sole control over your financial situation. Hence, we provide Urgent Personal Loans with basic eligibility requirements.

Following are the factors considered when applying for an Urgent Personal Loan:

Urgent Personal Loan Eligibility Criteria

Age Requirement

Age

Citizenship Status

Citizenship

Work Experience logo

Work experience

Employment Required

Employer Category

Monthly Salary Required

Monthly income

  • Age - The applicant should be at least 22 years of age at the time of applying for the loan and a maximum of 57 years of age.
  • Citizenship - The applicant must be an Indian citizen.
  • Work Experience -The applicant should be in current employment for a minimum of 1 month and is required to have a minimum work experience of 1 year.
  • Employer Category - The applicant needs to be an employee of the Central Govt., PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP or companies which are listed.
  • Monthly Income - The monthly income of the applicant must be at least ₹30,000.

You may also be eligible for an Urgent Personal Loan if you have maintained a good credit score.

We make sure that you receive timely financial aid to fulfil your obligations with only minimal documentation.

Listed below are the required documents for our Urgent Personal Loan:

  • KYC Documents

    Identity Proof

  • Income Proof

    Proof of Employment

  • Address Proof

    Proof of Address

  • Proof of Employment

    Financial Statements

Please note that this list is merely indicative. When the loan is being processed, there could be requests for additional documentation if required.

Urgent Personal Loan is Offered to

  • Salaried individuals
  • Working professionals like CAs, Doctors, etc.

Waiting for days to get your loan approved is not an option when you need immediate funds. When time is tight, an Urgent Personal Loan can come as an opportune saviour. Given below are some ways in which an instant Personal Loan can be helpful.

Medical emergencies

Even health-insured individuals have trouble keeping up with the ever-increasing costs of medication and hospitalization. One could use up their health insurance coverage or be forced to cover an elderly parent's hospital fees out of their savings. An Urgent Personal Loan could potentially save your life in this situation. When you apply for an Urgent Personal Loan from Poonawalla Fincorp, you can receive the loan amount in your account, ensuring that you have the funds when you need them most.

Wedding expenditure

India is known for extravagant weddings, and when grandeur and elegance take the spotlight, expenses can easily get out of hand. Today, a medium-scale wedding in India costs around ₹10 Lakh. Even with careful planning, wedding costs almost always exceed financial expectations. When the chances of overshooting your budget are fairly high, an Urgent Personal Loan that you can receive instantly can be helpful.

House repair or renovation

There are times when a house might require urgent repair work, especially before or during seasonal changes like the monsoon season. Your home could have a cracked wall or ceiling, or you may have to urgently restore or repair some areas of your house before an auspicious occasion. Consequently, you'll need emergency finances right off the bat because such renovations and repairs can't wait. To cover the expense of such repairs, you can either rely on your savings or better yet, seek an Urgent Personal Loan.

Educational expenses

It is possible to find yourself to be short of funds before sending your child off to a renowned university abroad or in India. In such cases, you can apply for an Urgent Personal Loan to cover your child's higher education expenses.

At Poonawalla Fincorp, we are dedicated to making the process of availing of financing as quick, easy, and uncomplicated as possible. To that end, here are the key features and benefits of Poonawalla Fincorp’s Urgent Personal Loan facility:

  • Simple application procedure

    Simple application procedure

  • Collateral-free

    Collateral-free

  • Affordable interest rate

    Affordable interest rate

  • No usage limitations

    No usage limitations

  • Flexible repayment tenure

    Flexible repayment tenure

  • Rapid approval and disbursal

    Rapid approval and disbursal

  • No hidden charges

    No hidden charges

  • Simple application procedure: You can apply online for the loan offer through our user-friendly interface in just a few easy steps.
  • Collateral-free: With our unsecured Urgent Personal Loan, you can acquire the funds you need without having to put up any kind of collateral. You can effortlessly borrow money online while maintaining total control over your possessions.
  • Affordable interest rate: To ensure that our loans are accessible to everyone, our Urgent Personal Loans come with affordable interest rates, starting from just 9.99*% per annum.
  • No usage limitations: There are no usage restrictions on our loan. You can utilize the loan to fulfil any urgent requirement, no questions asked.
  • Flexible repayment tenure: With our Urgent Personal Loan, you can repay it in a way that works best for you. You can choose a flexible repayment plan of up to 60 months, and make sure to never overshoot your allotted budget.
  • Rapid approval and disbursal: We promise an easy approach even though loan processing can be complex and time-consuming. Due to our easy and minimal eligibility requirements, you can apply for an Urgent Personal Loan when you need the funds immediately. Applications are processed quickly, and sanctions are issued immediately.
  • No hidden charges: We make sure that the borrower is provided with all pertinent information regarding the loan they have applied for on an urgent basis. We maintain full transparency when it comes to loan terms and all loan-related fees.
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What is an Urgent Personal Loan & its uses?

An Urgent Personal Loan is an unsecured Personal Loan that you can take out during an emergency or when in need of covering unexpected expenses. It is a very effective loan product designed for individuals seeking to cover hefty costs like medical bills, house repairs, weddings, etc. as quickly as possible.

How to know if I am eligible for an Urgent Personal Loan?

At Poonawalla Fincorp, we provide Urgent Personal Loans with basic eligibility criteria and minimal paperwork. To find out if you qualify or not, you can easily check out our Personal Loan eligibility criteria on our website.

Who can apply for an Urgent Personal Loan?

We provide Urgent Personal Loans to salaried individuals and working professionals like Doctors and CAs.

What are the interest rates and applicable fees for an Urgent Personal Loan?

At Poonawalla Fincorp, we provide Urgent Personal Loans with interest rates starting at just 9.99%* annually, which is among the lowest in the industry. There may also be a minimal processing fee of 2% of the loan amount plus GST.

What are the factors that can affect my EMI for an Urgent Personal Loan?

Your credit score plays a vital role in determining your Urgent Personal Loan interest rate, which then reflects on the amount of your EMI. You also must carefully choose a repayment tenure to manage your EMIs.

How to calculate the EMIs for an Urgent Personal Loan?

You can determine your Urgent Personal Loan EMI by taking the following steps:

  • Step 1 - Go to our Personal Loan EMI calculator page.
  • Step 2 - Enter your loan amount, loan tenure, and interest rate in the designated spaces.
  • Step 3 - Click on ‘Check Repayment Schedule’.

*Terms & Conditions Apply

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