Loan Amount
Up to ₹15Lakh
Interest Rate
Starting at 12.65%* p.a.
Loan Tenure
12-84 Months

Hassle-free Prime Personal Loan for Salaried Employees

Introducing Prime Personal Loan, designed exclusively for salaried employees working with a select few corporates in the country. With an end-to-end digital hassle-free application process and 24*7 availability, Prime Personal Loan also gives you the flexibility to choose longer EMI tenures of up to 84 months*. This exclusive offering from Poonawalla Fincorp comes with a zero collateral requirement and instant disbursal. Get a loan of up to ₹15 Lakh from Poonawalla Fincorp with minimal paperwork. Benefit from our attractive interest rates and swift approval. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Competitive
Interest Rate
No End-use Restrictions
Collateral-free Loan
Minimal
Documentation
Flexible
Repayment Options

Prime Personal Loan EMI Calculator

Plan your monthly repayment efficiently with our EMI calculator. Enter the loan amount, interest rate, and loan tenure. Calculate 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

%
12.65 %
20 %

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 Prime Personal Loan for Salaried Employees

Fulfil our simple eligibility criteria:

  • Age: Between 23 and 58 years at the time of loan maturity.
  • Citizenship: Indian.
  • Monthly Income: ₹30,000 and above
  • Employment: Full-time employment with a private or public limited company
  • Work Experience: Minimum 1 year, with at least 1 month in the current company

Documents Required for Prime Personal Loan for Salaried Employees

Submit just a few essential documents:

  • KYC Documents: PAN Card and Aadhaar Card
  • Financial Statements: Bank statements for the last 12 months
  • Proof of Employment: Verified official email ID (through OTP verification)

Interest Rate and Charges for Prime Personal Loan

We offer loans to salaried employees at competitive interest rates and minimal charges:

Interest Rate
12.65%* p.a. (fixed) onwards
Loan Amount
₹1 Lakh to ₹15 Lakh
Loan Processing Fees
0.5% to 2% of the sanctioned amount, plus applicable taxes
Lowest EMI Per Month
Starting from ₹1,765* per Lakh for 84 months
Loan Tenure
12-60 months for all applicants & 12-84 months for applicants above 28 years with a minimum net salary of ₹30000/- per month
Prepayment/Foreclosure Charges
4% + taxes within first six month & 4% + taxes after first six month if paid by other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Default/Penal Charges
24% per annum (plus applicable taxes)
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Different Uses of a Prime Personal Loan

  • Covering travel costs
  • Meeting your wedding expenses
  • Renovating your home, purchasing furniture and white goods
  • Paying emergency medical costs
  • Financing your higher education, school fees and college fees
  • Purchasing a vehicle
  • Hair Transplant & luxury medical expenses
  • Debt Consolidation
  • Other non-speculative personal expenses

Tips for a Successful Personal Loan Application

  • Fulfil the eligibility criteria
  • Check your CIBIL score
  • Keep your debt-to-income ratio low
  • Submit all the necessary documents
  • Avoid multiple loan applications

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

Can I get Poonawalla Fincorp’s Prime Personal Loan for Salaried Employees with a low CIBIL Score?

You will need a good bureau/credit score to become eligible for our Prime Personal Loan.

Do I need to submit any collateral to apply for a Prime PL for salaried employees?

No, you need not pledge any collateral or security to apply for our personal loan. Just ensure that you meet the eligibility criteria and submit the necessary documents to get loan approval.

What are the main factors that determine the interest rate of a Prime Personal Loan for Salaried Employees?

Many factors affect the interest rate for our Prime Personal Loan for Salaried Employees, including your current employer, credit score, work experience, loan amount, monthly income, repayment capacity, etc.