Loan Up to ₹50 Lakh
Attractive Interest Rates
Quick Approval

Avail of a Short-term Personal Loan With Flexible EMIs

Handling financial emergencies is never easy unless you have access to easy credit facilities with favourable terms. From meeting your urgent medical expenses to covering your higher education costs, meet all your immediate expenses with a short-term loan from Poonawalla Fincorp. Get a collateral-free loan of up to ₹50 Lakh with no end-usage restrictions, competitive interest rates and no hidden charges. Apply now!

Features and Benefits of a Short-term Loan

Collateral-free
Loan
Quick
Approval
No Hidden
Charges
No end-use
Restrictions
Minimal
Paperwork
Attractive
Interest Rate

EMI Calculator for a Short-term Personal Loan

Plan your monthly repayments with our online EMI calculator. Just enter the loan amount, interest rate, and tenure. Try 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

%
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 Short-term Personal Loan

Meet our simple eligibility criteria:

  • Age: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment: Full-time job at specified organisations (Central Govt, PSU, MNCs, etc.)
  • Work Experience: 1 year or more with at least 1 month at current organisation.
  • Net Monthly Salary: At least ₹30,000.

Documents Required for a Short-term Loan

Submit just a few documents to apply for the loan:

  • KYC Documents: PAN Card, Aadhaar Card, Driving License, Voter ID or Passport.
  • Address Proof: Passport, Rent Agreement or Utility Bills.
  • Income Documents: Last 3-month salary slips.
  • Financial Documents: Bank statement from the last 3 months.
  • Employment Proof:  Employee ID card or Official mail ID confirmation.

Note: The list of loan documents mentioned above is indicative. You may have to submit additional documents during the loan processing stage.

Short-term Personal Loan Interest Rate and Charges

Get a short-term unsecured loan at attractive interest rates and nominal 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

Why Get a Short-term Personal Loan

  • Covering emergency medical expenses: Manage the costs arising from urgent medical bills with a short-term Personal Loan.
  • Financing your higher education goals: Pay for your or your family member’s higher studies with our short-term loan.
  • Managing your travel expenses: Go to your favourite holiday destination easily with our collateral-free loan.
  • Consolidating high-interest debt: Combine all your existing debts into a single loan at a lower interest rate and reduce your monthly repayment obligations.
  • Paying for home renovation: Avail of a short-term loan to cover your home refurbishment costs.

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

Does your net monthly income have any role in getting approval for Poonawalla Fincorp’s loan for short-term?

Yes. Your net monthly income plays an important role in securing loan approval, as a higher income reflects a better repayment capacity. The minimum net monthly income for our loan for short-term is ₹30,000.

Can self-employed individuals apply for a Poonawalla Fincorp’s short-term loan from Poonawalla Fincorp?

No, our short-term unsecured Personal Loan is available only for salaried employees and salaried doctors, Chartered Accountants (CA) and Company Secretaries (CS).

What are the factors that affect the interest rate of a short-term loan?

Many factors influence the interest rate of your short-term Personal Loan, including your credit score, monthly income, work experience, repayment capacity, etc.