Apply For Personal Loan In Karnataka With Instant Disbursal
Karnataka has consistently shown strong economic growth and is among the top five states in India. The state is known for its diverse range of attractions, including wildlife and national parks, heritage sites and monuments, beaches, and pilgrimage sites. Karnataka, particularly Bengaluru, is often dubbed the "Silicon Valley of India," home to several leading IT companies and growing start-ups. As the city's growth continues, there is a high demand for additional financial assistance. If you require additional funds, Poonawalla Fincorp's Personal Loan in Karnataka is an excellent option. You can borrow up to ₹30 Lakh with minimal documentation, no hidden fees, no need for collateral, and other benefits.
Features and Benefits of Personal Loan in Karnataka
When you apply for a Personal Loan from Poonawalla Fincorp in Karnataka, you can enjoy various features and benefits:
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Collateral-free
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Multi-purpose Usage
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Competitive interest Rates and Charges
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Quick Approval
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Instant Disbursal
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No Hidden Charges
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No Penalty for Prepayment or Foreclosure
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Flexible Repayment Plans
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Simple 5 Step Online Application
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Easy-to-Use EMI Calculator
Personal Loan Interest Rates in Karnataka
The interest rate of Poonawalla Fincorp's Personal Loan starts at 9.99%* per annum. To know more about the interest rates and charges related to Personal Loan, you can refer to the table below:
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Personal Loan EMI Calculator
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EMI Amount = *
Eligibility Criteria for Personal Loan in Karnataka
To be eligible for a Personal Loan from Poonawalla Fincorp in Karnataka, you must meet certain criteria. Refer to the table below for details.
Age
22 years at the time of loan application and not more than 57 years
Work Experience
Salaried employees with 1 year of work exprience
Citizenship
Indian
Monthly Income
Starting ₹30,000 based on your city of residence
Documents required for Personal Loan in Karnataka
When applying for a Personal Loan with Poonawalla Fincorp, you must submit the following list of documents.
| Documents Category | Personal Loan Documents Required |
| KYC Documents | PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport |
| Current Address Proof | Passport/Utility Bills/Rent Agreement |
| Income Documents | Latest salary slips for the last 3 months |
| Financial Documents | Bank Statement for the last 3 months |
| Employment Proof | Official Mail ID Confirmation/Employee ID Card (in case official mail ID confirmation is not possible) |
We offer Personal Loan in Karnataka to:
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Salaried individuals
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Salaried Doctors
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Salaried Chartered Accountants
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Salaried Company Secretaries
Uses of a Personal Loan in Karnataka
You can instantly avail of a Personal Loan in Karnataka for the following mentioned purposes:
- Home renovation: If you're planning to renovate your home, you can apply for a Personal Loan with Poonawalla Fincorp. Our Personal Loan in Karnataka offers a competitive interest rate, making it affordable for your home renovation.
- Higher Education: For higher education, Poonawalla Fincorp's Personal Loan in Karnataka offers a higher loan amount to support your expenses.
- Medical Emergencies: Medical emergencies can be a burden on finances and health. To tackle any such situation, you can avail Poonawalla Fincorp's Personal Loan in Karnataka.
- Travel: If you love to travel, Poonawalla Fincorp's Personal Loan in Karnataka can help you explore any destination in India or worldwide.
With Poonawalla Fincorp's Personal Loan in Karnataka, you can enjoy benefits such as a higher loan amount, attractive interest rate, minimal documentation, and no hidden charges. You can apply for the loan instantly and get quick approval.
How to Apply for a Personal Loan in Karnataka?
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
Poonawalla Fincorp’s Branches in Karnataka
Poonawalla Fincorp Limited
Address: 2nd Floor, HM J.C.Road, 36 J.C.Road, Near Minerva Circle, Bangalore-560 002, Karnataka
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Address: 2nd Floor, Kalburgi-Mahalakshmi Mansion, New Cotton Market, Hubli - 580029
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Address: CH-26/1, 5th Cross Road, Akshaya Bhandar, Saraswathipuram, Mysuru, Karnataka 570009
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Address: Ground Floor, Phoenix Citadel ,Castle Street, Richmond Town,Bangalore-560025, Karnataka
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*Terms & Conditions Apply
