Get Personal Loan With Fast Disbursement
Instant Personal Loans are available at attractive interest rates
Indore has been a forerunner in the country's progress for last few decades. This is the largest city in Madhya Pradesh, with a population of over one million people and is routinely ranked as India's cleanest city. It is the state's historic and modern city. It is the administrative centre of the Indore District and Division. Indore is one of the most popular and visited cities in the state, due to its rich history, gorgeous surroundings, unique traditions, and numerous tourist attractions.
Personal Loan is now available in a quick and hassle-free manner from Poonawalla Fincorp. You can also utilize Branch Locator to locate the nearest branch to meet your financial needs.
Check Monthly EMI Amount For Personal Loan In Indore
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EMI Amount = *
Personal Loan Interest Rates
We offer the lowest interest rates so that borrowers are not burdened by huge EMIs:
| Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% |
| 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% per annum |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
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.
Eligibility Criteria for Instant Personal Loan
We have simple eligibility criteria so that you are never too far away from getting a loan:
Personal Loan Eligibility Criteria
Age
between 21 and 60 years
Citizenship
Indian
Work Experience
Minimum one year of overall work experience and 1 month of stable employment with the current employer.
Monthly Salary
of at least ₹30,000
- Age between 21 and 60 years
- Monthly income of at least ₹30,000
- Minimum one year of overall work experience and 1 months of stable employment with the current employer.
- Indian citizenship
- Full time employment with a reputed company
Documents Required to Apply for a Personal loan
You simply need to keep the following documents ready to get a personal credit:
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PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport for KYC
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Latest salary slips for the last 3 months as income proof
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3-month statement of your salary account
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Passport, utility bills and rent agreement for address proof
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Employee ID Card or official Email ID confirmation as Employment proof
Advantages and Benefits of Personal Loan
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Flexibility of Use
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Fewer Documents
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Attractive Interest Rates
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Instant Disbursal
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No Collateral Needed
- Flexibility of Use - Unlike a car or housing loan, an unsecured loan is versatile and can be utilized for any need. In other words, you can utilize the money you borrow to pay for a wedding, travel, education, medical expenditures, jewellery, electrical devices, and other things.
- Fewer Documents - Only a few documents are necessary for loan approval. You will be requested to upload scanned documents for verification with online approval, after which you will be given the loan quickly.
- Attractive Interest Rates - Personal credit comes with attractive interest rates, making them accessible to everyone. This ensures that your EMI remains affordable during the term of your loan. There's no need to be concerned about the ever-changing interest rates associated with other sorts of loans.
- Instant Disbursal - Approval is typically completed swiftly. Meeting the eligibility criteria is critical for acquiring a loan swiftly. A strong credit score is important. The time it takes a bank or NBFC to disburse funds varies, although it is normally between a few days to a few hours. This makes it your best option in an emergency. If you're already a customer of the lender to which you're applying, you might be eligible for quick online approval.
- No Collateral Needed - You will not be required to provide any collateral if you qualify and are eligible for a loan for personal use. As a result, your assets are safe with you.
Different Types of Personal Loans
A loan for personal use is an ideal approach for dealing with financial milestones in your life, whether it's a medical emergency or an unanticipated personal expense. The application process is easy, and funds are distributed swiftly.
Apply for a Personal Loan for Various Reasons
Financing Education - Education is becoming more expensive day by day. Naturally, you can’t allow this to obstruct your or your child's ambitions. Apply for a loan to provide the financial assistance required for financing education for you or your children. You have the freedom to use the funds to pay for admission fees, tuition fees, books, and clothing.
Marriage Loan - Multiple days of celebration, with stunning attire, huge venues, delectable delicacies, fascinating décor, plenty of dancing, music, fun, and many other details all contribute to making your wedding an unforgettable occasion!
All these things come at a high price, may force you to overshoot your budget. But, because this is a once-in-a-lifetime occasion, a loan for marriage can help you make it unforgettable without cutting corners.
Medical Loan - Medical emergencies can be terrifying, particularly if you are unprepared! While many people have begun to get medical insurance, many more remain uninsured. Even insurance does not always cover certain medical bills.
In circumstances like these, we offer personal medical loans to ensure that you and your family are well-protected, regardless of the situation!
Travel Loan - Some people travel for pleasure, while others travel for relaxation and adventure. Travel is no longer an exclusive privilege. And by taking a loan granted for personal use from us, all you must do is choose your location and go without worrying about the cost associated with it!
Apply for Personal Loan within 5 Minutes
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
You just must fill out an easy online application form to apply. We have kept the steps at a minimum so that the process doesn’t get too long for the applicant.
You simply need to follow the steps mentioned below to apply for a Personal Loan:
- Click on “Apply Now”.
- Fill out the application form.
- Upload all the necessary documents.
So, you need not visit our branch or wait endlessly for approvals. If you have all documents ready and fulfil our eligibility criteria, the loan will be yours in a quick time!
If you need further help, find one of our branches near you!
Address: Office No. 717 to 720, 07th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Although getting a loan may appear to be a difficult process, we work hard to make it very simple for you. From the comfort of your home, you can get information about the required documents and eligibility requirements. Use our free Personal Loan EMI Calculator to help you plan.
*Terms & Conditions Apply
