Apply for a Quick Personal Loan in Shimoga with Minimal Documentation
Shimoga, or Shivamogga, is a popular district in central Karnataka. It is famously known as the "Gateway of Malnad". As a part of the ‘Smart Cities’ Project, Shimoga became a hub of opportunities bustling with several business activities, paving the way for economic improvement. This has further led to a demand for better standards of living, and hence, the need for personal financing is also on the rise.
Poonawalla Fincorp offers unsecured Personal Loans in Shimoga with some of the best interest rates in the market. Our Personal Loan products enable you to quickly access cash during times of need.
We also have a simplified document verification process that allows Shimoga residents to get quick cash and meet their emergency needs. For more information on how to get a Personal Loan in Shimoga, continue reading.
Personal Loan EMI Calculator
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Interest Rates and Charges for Personal Loans in Shimoga
It is normal to be concerned about the interest rates when applying for a Personal Loan. Poonawalla Fincorp understands this need and provides attractive Personal Loan interest rates in Shimoga. Our competitive interest rates ensure your loan commitments do not burden you.
The following table lists Poonawalla Fincorp’s Personal Loan interest rates in Shimoga.
| Competitive Interest Rates | Starting from 9.99%*p.a. |
| 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 |
| Pre-Payment/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 charges |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Features & Benefits of a Personal Loan in Shimoga
Poonawalla Fincorp is committed to providing the best lending services for the people of Shimoga. Listed below are some of the key features and benefits of Personal Loans in Shimoga:
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No Collateral/Security Required
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Attractive Interest Rates
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Easy and Quick Approval
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Flexible Repayment Tenure
Different Purposes of Personal Loans in Shimoga
Poonawalla Fincorp’s Personal Loans in Shimoga can be availed of to fulfil almost any purpose, such as:
Meeting Medical Expenses
Get quick funds with our instant Personal Loans for medical emergency-related expenses.
Fulfilling Travel Expenditures
Personal Loans for Travel can help fulfil your travel goals without worrying about additional expenses.
Managing Higher Education Costs
Pursuing higher education in your chosen learning institution is no longer a dream with our Personal Loans.
Paying Wedding Expenses
You can plan your dream wedding without worrying about going over budget by availing of a Personal Loan.
Eligibility and For Personal Loans in Shimoga
Poonawalla Fincorp offers customized Personal Loans in Shimoga for:
- Salaried Individuals
- Government Employees
- Professionals like Doctors, CAs, and CS
Eligibility Criteria for Personal Loans in Shimoga
Criteria for eligibility for Personal Loan in Shimoga includes:
- Between 22 and 57 years of age
- Must be a citizen of India
- Must have 2 years of work experience and stable 1 months of employment at current job
- Applicants must have proof of minimum take-home salary or earning of ₹30,000
A few documents required for Personal Loan in Shimoga include proof of identity, address, income, and KYC documents.
With a few simple steps, you can avail of your Personal Loan with Poonawalla Fincorp. From minimal documentation to a high loan amount approval, we have curated our loan process just for your assistance.
Apply for Personal Loan In Shimoga 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
The online application process for availing of a Personal Loan in Shimoga is simple. You can complete the application form online when you click on the ‘Apply Now’ button. Based on the requirements, you have to upload the documents. Once your documents are received, Poonawalla Fincorp’s representatives will assess and verify them for loan approval.
Yes, Poonawalla Fincorp provides collateral-free Personal Loans. You need not worry about submitting documents of assets proof for getting a Personal Loan.
*Terms and Conditions apply
