Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
12 to 36 Months

Get a Washing Machine on EMI Effortlessly

Purchase a washing machine with the latest features without worrying about paying the full amount upfront. Avail of an Instant Loan from Poonawalla Fincorp of up to ₹5 Lakh to buy a washing machine on EMI. Spread the cost over several months and make your purchase more affordable to suit your monthly budget. Enjoy the benefit of minimal documentation, high loan amount, flexible repayment tenure and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Online
Application
Competitive
Interest Rate
Minimal
Documentation
Flexible
Tenure
Zero
Hidden Charges

Instant Loan EMI Calculator

Calculate your monthly repayments using our EMI calculator. Just enter the loan amount, interest rate, and loan tenure to calculate your loan EMIs. Try now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for an Instant Loan

Access our flexible financing solution instantly by meeting our simple eligibility criteria:

  • Age: Between 25 and 55 years.
  • Citizenship: Indian
  • Annual Income: At least ₹3 Lakh.
  • Credit Score: 750 and above.

Documents Required for an Instant Loan

Submit just a few essential documents:

  • KYC Documents: Aadhaar Card and PAN Card.
  • Current Address Proof: Passport, Utility Bills, and Rent Agreement.

Interest Rate and Charges for an Instant Loan

We offer an Instant Loan at attractive interest rate and nominal charges:

Interest Rate
16%*p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
upto 4.5%
Loan Tenure
1 – 36 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. plus taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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.pdf

*T&C Apply

Benefits of Buying a Washing Machine on EMI

  • 1. Manageable Payments: Spread the cost over easy monthly instalments, making the purchase more affordable. 
  • 2. Instant Purchase: Get the appliance immediately without paying the full amount upfront. 
  • 3. Flexible Tenure: Choose a repayment period between 1 and 36 months based on your budget. 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. Is buying a Washing Machine on EMI better?

Buying a washing machine in instalments is usually considered a better option as it makes a large purchase possible and affordable for you with manageable monthly instalments. 

2. Which is better, top load or front load?

The choice between the front load and top load depends on your convenience and budget. Front-load machines are gentle with clothes and need less water and electricity consumption but can be expensive as compared to top load options.  

3. What is the average price of a new washing machine?

The average price of a new washing machine ranges between ₹10000 to ₹13000. It also depends on the type and model of the washing machine. For instance, front load washing machine comes with higher price as compared to top load machine. Apart from this, the average price also varies from one brand to another. 

4. Does it require a credit card to buy washing machine on EMI?

No, it is not compulsory to have a credit card for buying a washing machine on EMI. You can get the same with an Instant Loan with Poonawalla Fincorp.