Get Instant Approval on a Personal Loan of ₹1 Lakh!
If you are dealing with unexpected expenses and need significant funds instantly, look no further than Poonawalla Fincorp’s Personal Loan of ₹1 Lakh. It is a great financial product for those looking to fulfil different aspirations, be it for travel, shopping, or more.
Our Personal Loan of ₹1 Lakh comes with exciting features, such as minimal documentation, instant approval, and quick disbursal. Simply avail of this loan for home renovation, travel, wedding, emergency medical expenses, etc. Apply now!
EMI Calculator for Personal Loan of ₹1 Lakh
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EMI Amount = *
Interest Rates and Charges on Personal Loan of ₹1 Lakh
You can avail of an Instant Personal Loan of ₹1 Lakh from Poonawalla Fincorp without worrying about any hidden charges. Get a loan at favourable interest rates, starting from 16% per annum.
For more details, please check the applicable charges listed in the table below:
| Instant Personal Loan Interest Rates | 16%* p.a. onwards |
| Instant Loan Amount | ₹50,000 to ₹5 Lakh |
| Instant Loan Processing Fees | upto 4.5% + Applicable Taxes |
| Lowest Instant Loan EMI | ₹1,758* for 36 months |
| Instant Loan Tenure | 1 to 36 months |
| Foreclosure/Pre-Payment 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) |
| Other 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.
EMI for Personal Loan of ₹1 Lakh
Your loan EMI is majorly influenced by the loan amount, tenure, and rate of interest. To plan your payments in advance, you can use an Instant Personal Loan EMI Calculator.
The EMI amount for a Personal Loan of ₹1 Lakh will vary as per the selected tenure. If we calculate the EMI for each tenure at approximately 16% interest rate, it will be as mentioned below:
| Tenure | Approximate EMI at 16% Interest Rate |
| 1 years | ₹9,073*/month |
| 2 years | ₹4,896*/month |
| 3 years | ₹3,516*/month |
Eligibility Criteria for Personal Loan of ₹1 Lakh
Age
Citizenship
Annual Household income
- Age : 25-55 years
- Citizenship : Indian Citizenship
- Annual Household income : Minimum ₹3 Lakh
Once you meet the loan eligibility criteria for an instant ₹1 Lakh loan, you can submit your documentation for further evaluation.
Documents Required
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KYC Documents
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Current Proof of Address
- KYC Documents : PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Current Proof of Address : Passport, Utility Bills, and Rent Agreement
Post verification of your loan application and documents, the approved loan amount will be disbursed to your bank account instantly.
Features and Benefits of Instant Personal Loan of ₹1 Lakh
Poonawalla Fincorp ensures one of the best borrowing experiences for instant loans. You can enjoy a host of excellent features and benefits with our Instant Personal Loan of ₹1 Lakh, such as:
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Collateral-free
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Flexible Repayment Tenure
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Minimal documentation
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No Usage Restrictions
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Zero Hidden Charges
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Quick Approvals
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Easy Application Process
How to Apply for ₹1 Lakh Personal Loan
You can apply for a Personal Loan of ₹1 Lakh by following the below-mentioned steps:
- Step 1: Click on ‘Apply Now’ on our website and complete the Instant Personal Loan application form.
- Step 2: Enter your KYC details and upload the documents required for a Personal Loan.
- Step 3: Submit your application and documents for assessment and verification.
Apply for a Personal Loan of ₹1 Lakh Instantly!
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 on Personal Loan ₹1 Lakh
The EMI amount for your loan can vary. For example, the EMI for an Instant Personal Loan of ₹1 Lakh at a 16% p.a. interest rate for a 1-year tenure will be approximately ₹9,073*/month.
If you meet the eligibility criteria set by Poonawalla Fincorp and submit all the required documents, you can easily get an Instant Personal Loan of ₹1 Lakh.
To avail of a sum of ₹1 Lakh from Poonawalla Fincorp, you need to fulfil the eligibility criteria, such as age, credit score, and income.
We offer an Instant Personal Loan of ₹1 Lakh at interest rates starting from 16% p.a.
With online documentation and verification, the processing time for our Personal Loan of ₹1 Lakh is within 24 hours.
*T&C Apply
