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

Get Instant Approval on a Personal Loan

Navigating through unforeseen financial needs just became easy! With Poonawalla Fincorp, you can get a collateral-free Personal Loan up to ₹50 Lakh at competitive interest rates starting at as low as 9.99%* p.a., minimal documentation, and fast approval.

Whether you are renovating your home, covering medical expenses, or consolidating debt, our Personal Loan empowers you to seize control of your finances and achieve your personal goals. Get ready to enjoy a smooth loan journey – from application to disbursal. Apply now!

Why Choose Poonawalla Fincorp

Quick Icon Quick
Approval
Document Icon Minimal
Documentation
Charges Icon No Hidden
Charges
Free Icon Collateral-free
Loan
Mobile Icon No End-use
Restrictions
Percentage Icon Competitive
Interest Rate

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

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

Meet a few basic eligibility criteria to avail of a Personal Loan with quick approval:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time at Central Govt, PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP, or companies listed internally.
  • Work Experience: At least 1 year of job experience and at least 1 month of stable employment at their current job.
  • Monthly Income: At least ₹30,000.

Documents Required for a Personal Loan

Submit a few necessary documents to successfully apply for a Personal Loan:

  • KYC Documents: PAN Card, Aadhaar Card, Driving License, Voter ID, Passport.
  • Address Proof: Passport, Utility Bills, Rent Agreement.
  • Income Proof: Salary slips for the last 3 months.
  • Financial Proof: Bank statement for the last 3 months.
  • Employment Proof: Office email/ Office ID card (in case office email ID is not confirmed).

Interest Rates and Charges for a Personal Loan

Get personal use loan at attractive interest rate and 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

Redesign your home with a loan for home renovation and improvement. Give your home a fresh look to reflect your taste and personality. Turn your abode into your dream home.
 

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Weddings in India are grand affairs, and Personal Loans often help cover the significant costs associated with venue bookings, catering, decorations, and clothing.
 

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Finance your higher education, be it tuition fees or living expenses for domestic and international courses with our Personal Loan.
 

Blog Article

In the absence of adequate health insurance, Personal Loans provide a quick financial solution for unexpected medical emergencies or costly medical procedures.
 

Blog Article

Give yourself and your family a well-deserved break. Travel in India or abroad with a loan for personal use. Refresh, rejuvenate, and spend quality time with yourself and your loved ones.
 

Blog Article

Buy high-value consumer goods like electronics, furniture, and appliances, especially during festive seasons with our loan.

Blog Article

While specific vehicle loans exist, some prefer a loan to purchase a two-wheelers or a used car due to no end-use restriction and quick approval.

Blog Article

Festivals are significant in India, and a loan can help in managing expenses related to festivities, including buying gifts, home decor, and other ceremonial expenses.

Blog Article

If you have multiple high-interest debts, it's better to consolidate them into a single loan with a lower interest rate. Our Personal Loan with a competitive interest rate is your perfect way out of multiple debt. Moreover, it is always easier to remember the loan EMI due dates and other details for a single loan.

Blog Article

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

What is a Personal Loan?

A Personal Loan is offered by lending institutions to help borrowers meet any urgent financial need or fulfil their aspirations. It is unsecured, meaning the borrowers do not pledge collateral. Also, a Personal Loan does not come with end-usage restrictions. Borrowers can use this loan to address any immediate requirements.  

How to apply for a Personal Loan?

Apply for a Personal Loan from Poonawalla Fincorp in just 3 steps:

  • Step 1: Click on ‘Apply Now’.
  • Step 2: Enter your personal details.
  • Step 3: Upload the required documents.
What are the uses of a personal loan?

A Personal Loan is a collateral-free loan, and it is used for:

  • Medical emergencies
  • Home renovation
  • Wedding
  • Higher education
  • Vacation

In other words, a Personal Loan is used to fulfil any urgent financial requirement.

What are the documents required to apply for a Personal Loan?

In other words, a Personal Loan is used to fulfil any urgent financial requirement.

The documentation requirements for a Personal Loan from Poonawalla Fincorp are:

  • KYC Documents - PAN card, Aadhaar card, Driving license, Voter ID, Passport.
  • Address Proof - Passport, Utility bills, Rent agreement.
  • Income Proof - Salary slips for the last 3 months.
  • Financial Proof - Bank statement for the last 3 months.
  • Employment Proof - Office email, Office ID card (in case office email ID is not confirmed).
What is the minimum credit score required for a Personal Loan?

The minimum credit score required for availing of a Loan for personal usage from Poonawalla Fincorp is 750.

Why choose the Poonawalla Fincorp for a Personal Loan?

Poonawalla Fincorp is one of the largest and fastest-growing Non-Banking Financial Services Companies with a rich legacy of trust, transparency, and a customer-first approach. Here are a few benefits and features of a Personal Loan from Poonawalla Fincorp:

  • High loan amount: Get up to ₹50 Lakh.
  • Complete transparency: No hidden charges.
  • Hassle-free application: Digital process with minimal documentation.
  • Quick approval and disbursal: No need to wait for days to get the loan.
  • Competitive interest rates: Personal Loan interest rates start at 9.99% p.a.
  • Flexible EMIs: With a loan tenure of 12-84 months, choose your EMIs at your convenience.
  • No foreclosure charges: Prepay the Personal Loan without paying any charges.