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

Get a Personal Loan in Mumbai Instantly

Mumbai, the capital financial city of India, is also home to several industries, such as IT, consumer goods, textiles, entertainment, etc. Although the city provides various economic opportunities for its residents, the cost of living is relatively steep.

Meet any urgent expense in the city with a Personal Loan from Poonawalla Fincorp. Avail of a collateral-free loan of up to ₹50 Lakh with minimal documentation. Benefit from our competitive interest rates, seamless online application process and swift approval. Apply now!

Why Choose Poonawalla Fincorp

No Collateral
Required
Quick Approval
No Hidden
Charges
No End-use
Restrictions
Minimal Paperwork
Online Application
Process

Personal Loan EMI Calculator

Make use of our EMI calculator to know our monthly payments. Enter the loan amount, tenure and interest rate to instantly calculate your EMIs. 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 in Mumbai

Get the loan at attractive interest rate and nominal charges:

  • 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: At least ₹30,000 per month.

Documents Required for a Personal Loan in Mumbai

Upload a few documents to apply for our personal use loan:

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

Interest Rate and Charges for a Personal Loan in Mumbai

Get a loan for personal use with 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 Personal Loan in Mumbai

  • Consolidating high-interest debts
  • Covering unexpected medical costs
  • Travelling to overseas destinations
  • Renovating your home
  • Pursuing higher education

Who Can Get a Personal Loan in Mumbai

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

Tips for a Successful Personal Loan Application

  • Check the loan eligibility criteria
  • Keep your credit utilisation ratio below 30%
  • Check your credit score
  • Maintain a low debt-to-income ratio
  • Ensure you have the necessary documents
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Mumbai

Poonawalla Fincorp Limited
Address: Unit No. 73, 7th floor, Kalpataru Square, Kondivita Lane, Andheri-Kurla Road, Andheri (East), Mumbai, Maharashtra -400059
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

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 can I improve my chances of getting a Personal Loan?

To improve your chances of availing of a loan for personal use, follow these strategies:

  • Maintain a credit score
  • Keep your credit utilisation ratio to 30%
  • Maintain a lower debt-to-income ratio
  • Provide the necessary documentation
  • Choose a loan tenure that aligns with your repayment capacity
What is the repayment tenure for Poonawalla Fincorp’s Personal Loan?

The loan tenure for our personal credit loan ranges from 12 to 84 months. You should select a tenure based on your repayment capacity.

Can I use a Personal Loan to finance my child's education?

Yes, you can avail of our Personal Loan to pay for your child’s education. You can cover the admission and tuition fees, accommodation costs, travel expenses, cost of study material, etc. with the loan.