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

Get a Collateral-free Personal Loan in Madurai

Madurai, also known as the ‘Athens of the East,’ is a vibrant city steeped in history and tradition. It is renowned for its magnificent temples, rich culture, delectable cuisine, and warm hospitality. Fulfil your dreams in this city with a Personal Loan from Poonawalla Fincorp.

From medical emergencies to vacations, our loan is customised to support all your needs. Avail up to ₹50 Lakh without pledging any collateral at competitive interest rates, with minimal documentation, quick approval, and flexible loan terms. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
Collateral-free
Loan
Affordable
Interest Rate
Minimal
Documentation
Online
Application
Flexible Repayment
Tenure

Personal Loan EMI Calculator

Empower your financial decisions with Poonawalla Fincorp’s EMI calculator. Plan your monthly budget to embark on a journey to financial flexibility.

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

Click on “Apply Now”

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

Enter Details

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

Upload Documents

Upload the necessary documents for quicker approval.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Personal Loan in Madurai

Meet our simple and straightforward eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Income: Minimum monthly salary of ₹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 in Madurai

Skip the hefty paperwork and submit just the mandatory documents:

  • 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 Statements: Bank statements for the last 3 months.
  • Employment Proof: Official email ID or employee ID card.

Interest Rate and Charges for a Personal Loan in Madurai

Avail of the loan at competitive interest rates and transparent 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 in Madurai

  • Home renovation
  • Dream vacation
  • Grand wedding celebrations
  • Emergency fund
  • Medical expenses
  • Debt consolidation

Who Can Get a Personal Loan in Madurai

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

Tips for a Successful Personal Loan Application

  • Check your credit score
  • Submit all necessary documents
  • Ensure you meet the eligibility criteria
  • Avoid multiple applications
  • Reduce your 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

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Frequently Asked Questions

How long does it take to disburse the loan amount?

You can get approval and disbursement instantly after successful verification and approval. 

Do I need to mortgage my assets to avail a Personal Loan? 

No. Poonawalla Fincorp offers collateral-free loans with no end-use restrictions. 

What are the applicable processing fees for the Personal Loan?

Poonawalla Fincorp levies a nominal processing fee of up to 3% as a processing fee.