Loan Amount
Up To ₹ 50 Lakh
Interest Rate
Starting at 13% p.a.
Loan Tenure
12-60 Months

Get an Instant Professional Loan in Mumbai with Flexible Tenure

Mumbai, the capital of Maharashtra, is one of the most developed cities in India. Capitalise professional growth opportunities in India’s financial capital with a Professional Loan from Poonawalla Fincorp. Access quick funds of up to ₹50 Lakh to upgrade your practice and professional skills or renovate office space. Avail of up to ₹50 Lakh to upgrade practise, enhance skills, or renovate the office. Enjoy attractive interest rates, flexible repayment tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp?

Collateral-free
Funds
High Loan
Amount
Competitive
Interest Rates
No Hidden
Charges
Hassle-free Application
Minimal
Paperwork

Professional Loan EMI Calculator

Calculate your EMIs using our free EMI calculator. Provide the required loan amount, interest rate, and loan tenure to find out the instalment amount. 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 Mumbai

Meet our basic eligibility criteria to apply for a Professional Loan:

  • Nationality: Indian citizens 
  • Age Limit: Between 24 to 65 years 
  • Work Experience: At least 1 year of practice/experience post-qualification 
  • Income - Minimum of ₹3 Lakh annually from your profession

Documents Required for a Professional Loan

Provide a few basic documents to get a Professional Loan:

  • KYC Documents: PAN Card, Driving License, Aadhaar Card, Voter ID or Passport
  • Business Address Proof: Rent Agreement or Electricity Bill
  • Residence Address Proof: Passport, Electricity Bill or Rent Agreement
  • Professional Qualification Documents: Degree Certificate or Certificate of Practice
  • Financial Documents: Bank Account Statements of the previous 6 months

Interest Rate and Charges for a Professional Loan in Mumbai

We offer this loan at competitive interest rates and minimal charges:

Interest Rate

  • 13% p.a. onwards for Company Secretaries
  • 13% p.a. onwards for Chartered Accountants
  • 13% p.a. onwards for Doctors

Loan Amount
₹1 Lakh to ₹50 Lakh
Loan Processing Fees
2% + GST for Company Secretary
2% + GST for Chartered Accountant
2% + GST for doctors
Lowest EMI per month
Starting from ₹2,275* per Lakh for 60 months
Loan Tenure
12 – 60 months
Prepayment/Foreclosure Charges
0%* If paid from own sources
4% If paid from other sources
Default Interest
2% per month
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

  • Buy equipment and software 

  • Develop your professional skills 

  • Set up a new office space 

  • Expand your professional practice 

  • Hire new workers and train them 

  • Funding working capital requirements 

Who Can Get a Professional Loan?

  • Doctors 

  • Company Secretaries (CSes) 

  • Chartered Accountants (CAs) 

  • Companies and firms 

Tips for a Successful Professional Loan Application

  • Enter the correct details in your application  

  • Meet the required eligibility criteria of the lender 

  • Lower your credit utilisation ratio 

  • Collect the relevant documents 

  • Build up a high credit score 

  • Resolve discrepancies in your credit report 

  • Maintain adequate cashflow in your business 

  • Avoid applying for multiple loans simultaneously 

Poonawalla Fincorp Branch Address in Mumbai

Poonawalla Fincorp Limited

Address: Unit No. 73, 7th floor, Kalpataru Square, Kondivita Lane, Andheri-Kurla Road, Andheri (East), Mumbai, Maharashtra -400059 

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. Is a Professional Loan an unsecured loan?

Yes, this loan is an unsecured loan. This means you do not need to pledge assets as collateral to get funds. It also helps minimise the borrowing risk. 

2.How can I avail the best rate on a Professional Loan?

To enjoy the best rate on a Professional Loan, it is important to submit the relevant documents, meet the loan criteria, maintain a good credit score (750 or above), and build up a well-maintained financial profile. Avail of competitive rates by choosing Poonawalla Fincorp's Professional Loan.  

 

3. What are the Professional Loan processing fees?

Poonawalla Fincorp provides a minimal processing fee of 2% of the sanctioned amount with applicable taxes.