Interest Rates
Starting at 16% p.a.
Loan Tenure
12-36 Months
Hidden Charges
0%

Fulfil Immediate Needs With ₹1 Lakh Personal Loan

Meet your urgent financial requirements with an instant Personal Loan of ₹1 Lakh. Use the loan amount without restrictions for travel, shopping, home renovation, higher education, etc. Get the loan amount at a competitive interest rate with minimal documentation, quick approval, and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp?

Collateral-free
Loan
Attractive
Interest Rates
No End-use
Restriction
Minimal
Documentation
Fast
Disbursal
Flexible
Repayment Tenure

EMI Calculator for Personal Loan of ₹1 Lakh

Use our EMI Calculator to calculate your payable EMIs. Enter the loan amount, tenure, and interest rate. 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 ₹1 Lakh Loan

Our eligibility criteria are simple and easy to meet:

  • Citizenship: Indian.
  • Age: 25 to 55 years.
  • Annual Household Income: Minimum ₹3 Lakh.

Documents Required for ₹1 Lakh Loan

Keep the following documents handy while applying for the ₹1 Lakh loan:

  • KYC Documents: PAN Card and Aadhaar Card

Interest Rates and Charges on a Personal Loan of ₹1 Lakh

Poonawalla Fincorp offers loans at attractive interest rates with nominal charges:

Interest Rate
16%* p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
2.5% to 3.5% plus applicable charges
Lowest EMI Per Month
₹1,758* for 36 months
Loan Tenure
12 to 36 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)
Hidden Charges
Nil

EMI for ₹1 Lakh Loan for Up to 3 Years

Check the payable EMIs for up to 3 years for Personal Loan of ₹1 Lakh:

Tenure Approximate Monthly Payment at 9.99% p.a. Interest Rate
1 year ₹9,073*/month
2 years ₹4,896*/month
3 years ₹3,516*/month

 

Different Uses of ₹1 Lakh Personal Loan

● Cover travelling costs

● Meet medical requirements

● Fund a wedding

● Pay for your child’s education

● Buy expensive appliances, gadgets, etc.

Tips for Successful Personal Loan Application

  •  Have a strong CIBIL score
  •  Review and improve credit report
  •  Manage debt-to-income ratio
  •  Keep all the necessary documents ready

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. What is the processing time of a Personal Loan of ₹1 Lakh?

We provide approval and disbursement instantly after successful verification and approval.

2. What is the interest rate associated with a ₹1 Lakh Loan?

For a ₹1 Lakh loan, we offer interest rates starting from 16%* p.a.

3. What credit score is required to avail of a Personal Loan?

A CIBIL score of over 750 increases the chances of loan approval.

*T&C Apply