Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 13%* p.a.
Loan Tenure
12-60 Months

Get a Collateral-free Professional Loan in Chennai

Chennai, the capital city of the state of Tamil Nadu, is a popular tourist destination in India and is known for its food, temples, and trade opportunities. Apply for a Professional Loan in Chennai from Poonawalla Fincorp to uplift your professional skills and grow your practice to the next level. Get up to ₹75 Lakh at an attractive interest rate with minimal documentation, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
No Hidden
Charges
Collateral-free
Loan
Quick
Disbursal
Flexible Loan
Tenure
Affordable
Interest Rate

Professional Loan EMI Calculator

Plan your EMIs efficiently with our user-friendly EMI calculator. Just enter the loan amount, tenure, and interest rate. Calculate now!

Optimise Your Professional 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

%
13 %
30 %

Tenure

Months
12Months
60Months

Apply for a Professional 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 other details.

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 Professional Loan in Chennai

Fulfil our simple eligibility criteria to qualify:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Work Experience: Must be practising for at least 1 year post qualification.
  • Annual Income: Minimum ₹3 Lakh.

Documents Required for a Professional Loan in Chennai

Submit the required documents based on whether you are self-employed or working with a firm/company:

  • Identity Proof
  • Residential Address Proof
  • Business Address Proof
  • Income Proof
  • Bank Account Statement

Click here to know more about the documents required in detail.  

Interest Rate and Charges for a Professional Loan in Chennai

Poonawalla Fincorp offers loans to professionals at competitive interest rate and minimal charges:

Interest Rate
13% p.a. onwards
Loan Amount
₹1 Lakh to ₹75 Lakh
Loan Processing Fees
2% plus applicable taxes
Lowest EMI per month
Starting from ₹2,275* per Lakh for 60 months
Loan Tenure
12 – 60 months
Prepayment/Foreclosure Charges
First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus taxes
Repayment Instrument Dishonor 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 Professional Loan 

  • Expanding your professional practice 
  • Meeting working capital requirements 
  • Recruiting of new employees 
  • Purchasing new equipment 
  • Renovating your existing office 

Who Can Get a Professional Loan

  • Self-employed Company Secretaries 
  • Self-employed Chartered Accountants 
  • Self-employed doctors 

Tips for a Successful Professional Loan Application

  • Office renovation 
  • Advancing your practice 
  • Paying salaries to staff 
  • Enhance your workspace 

Poonawalla Fincorp Branch Address in Chennai

Poonawalla Fincorp Limited 

Address: 2nd Floor, The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai, Tamil Nadu-600017 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

*T&C Apply  

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

1. What is the processing fee for a Professional Loan?

Poonawalla Fincorp levies a nominal processing fee of 2% plus applicable charges for loans to professionals. 

2. Is there any credit score limit to maintain to get a Professional Loan?

Yes, you must have a credit score of 750 and above to avail of the loan with quick approval and favourable loan terms. 

 

3.What are the Professional Loan prepayment charges?

You can prepay the loan with 6% on principle outstanding plus applicable taxes on up to first six month's EMI. After payment of First six EMI’s - 5% on principle outstanding plus applicable taxes.