Apply for ₹5 Lakh Instant Loan Online
Get quick access to ₹5 Lakh with an Instant Loan from Poonawalla Fincorp. Fund higher studies, renovate home, host a wedding, consolidate debt, or address urgent financial needs. Experience a stress-free borrowing journey with numerous benefits like minimal documentation, fast approval, and instant disbursal. Apply now!
Why Choose Poonawalla Fincorp
₹5 Lakh Loan EMI Calculator
Use our EMI calculator to plan your monthly payments accurately. Enter the loan amount, tenure and interest to calculate the EMI amount seamlessly. Calculate now!
Eligibility Criteria for an Instant Loan of ₹5 Lakh
Fulfil our simple eligibility requirements:
- Age: Between 25 and 55 years.
- Citizenship: Indian.
- Employment: Salaried and Self Employed: Full-time job with a government entity, public/private limited company, LLP, educational institution, or a company approved by Poonawalla Fincorp.
- Work Experience: Minimum 1 year, with at least 1 month in the current job.
- Income: ₹3 Lakh annual household income.
Documents Required for an Instant Loan of ₹5 Lakh
Skip the hefty paperwork and submit a few essential documents:
- KYC Documents: Aadhaar card and PAN card
Interest Rate and Charges for an Instant Loan of ₹5 Lakh
We offer personal use loans at competitive interest rate and nominal charges:
4% if paid from other sources
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
Different Uses of an Instant Loan
- Home Renovation
- Dream Vacation
- Wedding Expenses
- Education Funding
- Debt Consolidation
Tips for Successful Instant Loan Application
- Assess your needs
- Borrow mindfully
- Fulfil eligibility criteria
- Check your credit score
- Submit the required documents
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
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Frequently Asked Questions
Our ₹5 Lakh loan amount is disbursed instantly upon successful verification of your application.
Yes, you can use it for home renovation, meeting unexpected medical bills, funding higher education costs or travelling.
A credit score of 750 or above reflects your creditworthiness and may help you get better loan terms and fast approval.