Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months
Hidden Charges:
0%

Get a Personal Loan on ₹1 Lakh Monthly Salary

Meet fund requirements with a loan designed for individuals with ₹1 Lakh salary. Use the loan amount to meet any of your personal needs, such as weddings, higher education, travelling, etc, with no end-use restrictions. Get a Personal Loan on ₹1 Lakh salary from Poonawalla Fincorp and benefit from attractive interest rates, quick approval, and minimal documentation. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
Competitive
Interest Rate
No Collateral Required
No End-use
Restrictions
Minimal Documentation
Flexible
Repayment Tenure

Personal Loan EMI Calculator

Plan your monthly EMIs efficiently with our online EMI calculator. Just enter the loan amount, tenure, and interest rate and know the EMIs instantly

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

Apply for a Personal Loan in Just 3 Steps

Step1

Click on “Apply Now”

Tap the “Apply Now”button to initiate your application.

Step2

Enter Details

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

Step3

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan on ₹1 Lakh Salary

Meet our simple eligibility criteria to qualify:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time employment with a private or public limited company.
  • Work Experience: Minimum 1 year, with 1 month in the current company.
  • Monthly Income: Minimum of ₹30,000.

Documents Required for a Personal Loan on ₹1 Lakh Salary

Submit just a few essential documents:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Driving License, or Passport.
  • Address Proof: Utility Bills, Passport or Rent Agreement.
  • Income Documents: Recent salary slips for the last 3 months.
  • Financial Statements: Bank statements for the last 3 months.
  • Employment Proof: Official email ID or employee ID card.

Interest Rate and Charges for Loan on ₹1 Lakh Salary

Get a loan at competitive interest rate and minimal charges:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 60 months
Loan Tenure
12 – 84 months
Pre-payment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Re-payment 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

Different Uses of a Personal Loan

  • Wedding
  • Home Renovation
  • Travel
  • Medical Emergency
  • Education

Who Can Get a Personal Loan on ₹1 Lakh Salary

  • Salaried doctors
  • Salaried individuals
  • Salaried Company Secretaries
  • Salaried Chartered Accountants

Tips for a Successful Personal Loan Application

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

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

What is the maximum tenure available for a Personal Loan?

The maximum tenure available for online personal finance is 84 months. However, you can choose a tenure from 12 months to 84 months based on your convenience.

What is the maximum loan amount offered for a salary of ₹1 Lakh?

The maximum loan amount you can avail is up to ₹50 Lakh under our personal financing scheme. However, the actual loan amount you qualify for is determined based on your income level, credit score, documentation readiness, and other factors. Please check your loan eligibility here.

Can I get a Personal Loan of ₹1 Lakh without collateral?

Yes, you can get a Personal Loan without any collateral. These loans are unsecured financial products, so there are no collateral requirements.

What is the rate of interest levied on a ₹1 lakh Personal Loan?

At Poonawalla Fincorp, our Personal Loan interest rate starts from 9.99%* p.a. The interest rate can vary depending on several factors, such as the amount of the loan, the borrower's creditworthiness, and the loan tenure.