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

Get a Professional Loan in Indore with Instant Disbursal

Indore, touted as the cleanest city in India, is known for its palaces, temples, culture and delicious food. The city also has several industries, such as textiles, cement, chemicals, etc. As an important hub for economic activity in the state, this city offers multiple opportunities for your professional growth.
Capitalise on these opportunities to advance your career as a self-employed doctor, CA or CS with a Professional Loan from Poonawalla Fincorp. Get a collateral-free loan of up to ₹75 Lakh with competitive interest rates, flexible EMIs, minimal paperwork and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
Minimal
Paperwork
Flexible Repayment
Tenure
Attractive
Interest Rate

EMI Calculator for a Professional Loan

Plan your monthly repayments with our online EMI calculator. Just enter the desired loan amount, tenure and interest rate to know your EMIs. 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 Indore

Meet our simple eligibility criteria to qualify for the loan:

  • 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 Indore

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
  • Proof of Professional Qualification

Click to know more about the documents required in detail.  

Interest Rate and Charges for a Professional Loan in Indore

Get our unsecured loan for professionals at competitive interest rate and nominal charges:

Interest Rates
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 in Indore

  • Expanding your professional practice 
  • Refurbishing your office space 
  • Improving your professional skills 
  • Buying equipment 

Who Can Get a Professional Loan 

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

Tips for a Successful Professional Loan Application

  • Check the eligibility criteria 
  • Decide the loan amount based on your requirements 
  • Check your credit score 
  • Keep the loan documents ready 
  • Avoid applying for the loan multiple times 

Poonawalla Fincorp Branch Address in Indore

Poonawalla Fincorp Limited

Address: Office No. 717 to 720, 07th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010 

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 prepayment or foreclosure charges for Poonawalla Fincorp’s loan to professionals?

Poonawalla Fincorp offers loans to professionals 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.

2. What is the maximum loan amount available for Poonawalla Fincorp’s loan to professionals?

The maximum amount you can avail through our loan for professionals is ₹75 Lakh. However, the final loan amount depends on several factors, such as your credit score, income, repayment capacity, etc.  

 

3. For what purpose can you use Poonawalla Fincorp’s Professional Loan?

You can use our loan for professionals to expand your practice, hire new staff, purchase new equipment, etc.