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

Get a Quick Personal Loan for Shopping

Turn your shopping dreams into a reality! From buying the latest electronics and trendy fashion to home decor, experience the joy of hassle-free shopping with a Personal Loan for shopping from Poonawalla Fincorp. Get a collateral-free loan at competitive interest rates with minimal paperwork, quick approval, and favourable loan terms. Click on ‘Apply Now’ and take the first step towards your dream shopping spree!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Attractive
Interest Rate
No End-use
Restrictions
Minimal
Documentation
Quick
Approval

EMI Calculator for Personal Loan for Shopping

Determine your monthly loan repayments with our easy-to-use EMI calculator. Just enter the loan amount, interest rate, and tenure to know the EMIs instantly. Calculate 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 for Shopping

Meet our simple eligibility criteria to qualify:

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

Documents Required for a Personal Loan for Shopping

Keep mandatory documents ready for a smooth application process:

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

Interest Rate and Charge for Shopping Loan

We offer loans for shopping at attractive interest rates and nominal 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 Personal Loan for Shopping

  • Gadgets
  • Clothes and apparel
  • Consumer durables
  • Home decor

Who Can Get a Personal Loan for Shopping

● Salaried doctors

● Salaried individuals

● Salaried Chartered Accountants

● Salaried Company Secretaries

Tips for a Successful Personal Loan Application

  • Organise all necessary financial documents
  • Check your credit score
  • Provide accurate details
  • Maintain stable employment and income
  • Reduce your existing debts

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

rightArrow
rightArrow

Frequently Asked Questions

What is the required credit score for a Personal Loan for shopping?

A credit score of 750 and above is considered as good. A good credit score improves your chances of loan approval.

What are the factors affecting the Personal Loan interest rates?

Some factors that affect the interest rates include:

  • Credit score
  • Income
  • Employment history
  • Loan amount
  • Loan tenure
How to apply for a Personal Loan for shopping from Poonawalla Fincorp?

To apply, you can visit our nearest branch or apply online in three easy steps:

  • Step 1: Click on ‘Apply Now’.
  • Step 2: Fill out the application form.
  • Step 3: Upload all the necessary documents.

Upon verification, the loan amount will be credited to your bank account instantly.