Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Get a Personal Loan on ₹70,000 Salary

Avail a Personal Loan from Poonawalla Fincorp to cover your expenses for education, travel, wedding, financial or medical emergency, etc. Benefit from our simple application process, flexible repayment tenure, quick approval and affordable interest rates. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
Collateral-free
Loan
Affordable
Interest Rate
Online
Application
Minimal Paperwork
No Hidden Charges

Personal Loan EMI Calculator

Plan your monthly repayments with our online EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure to calculate your EMI. Try now!

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 ₹70,000 Salary

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: Minimum 1 year with at least 1 month at current job.
  • Net Monthly Salary: ₹30,000 and above.

Documents Required for a Personal Loan on ₹70,000 Monthly Salary

Submit just a few essential documents:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport.
  • Income Proof: Salary slips and bank statements for the last 3 months.
  • Employment Proof: Official email ID or Employee ID card.
  • Address Proof: Rent Agreement, Passport or Electricity Bill.

Note: The list of documents mentioned above is indicative. Additional documents may be required during the loan processing stage
 

Interest Rates and Charges for a Personal Loan on ₹70,000 Salary

Poonawalla Fincorp offers loans at competitive interest rates 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
Prepayment/Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + 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

Different Uses of a Loan on ₹70,000 Monthly Salary

  • Combine high-interest debts
  • Meet medical emergency expenses
  • Pay for home renovations
  • Pursue higher education
  • Cover your travel or vacation expenses
  • Pay for wedding expenses
     

Who Can Avail an Online Loan on ₹70,000 Salary

  • Salaried Individuals
  • Salaried Chartered Accountants
  • Salaried Doctors
  • Salaried Company Secretaries
     

Tips for Successful Personal Loan Application

  • Check if you fulfil the eligibility criteria
  • Know the terms and conditions before applying for the loan
  • Monitor your credit score 
  • Finalise loan amount based on your requirements
  • Collect the documents required for loan application
     

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 minimum monthly income required for a Personal Loan on ₹70,000 Monthly Salary?

The minimum net monthly income required for availing a Personal Loan from Poonawalla Fincorp is ₹30,000.

What are the foreclosure charges for a Personal Loan?

The prepayment/foreclosure fee is ₹0 if you prepay the loan from own sources. However, a charge of 4% is levied on the outstanding amount if you prepay the loan from other sources. 

What is the lowest EMI for a Personal Loan on ₹70,000 monthly salary?

At Poonawalla Fincorp, you can get a personal loan with EMIs starting from ₹2,124* per Lakh. The EMI value mentioned above is calculated based on a loan amount of ₹ 1 Lakh, an interest rate of 9.99% p.a. and a tenure of 60 months.