Loan Amount
Up to ₹5 Lakh
Interest Rate
Starting at 16%* p.a.
Loan Tenure
12-36 Months

Avail of a Collateral-free Small Personal Loan

Need quick cash to meet your short-term expenses? A Small Personal Loan from Poonawalla Fincorp is your go-to solution! Whether it is for a family vacation, medical emergency, home renovation or unexpected bills, our quick, small loan is a lifesaver. Avail of this mini loan of up to ₹5 Lakh and enjoy benefits like flexible EMIs, attractive interest rates, and no hidden charges. Apply with minimal documentation now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Flexible
Tenure
Online
Application
Zero Hidden
Charges

Small Personal Loan EMI Calculator

Calculate your monthly repayments using our free EMI calculator. Simply enter the loan amount, interest rate, and tenure to get quick results. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹50000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
16 %
36 %

Tenure

Months
12Months
36Months

Apply for an Instant Loan Online

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, KYC Details and residential details.

Instant Disbursement

The loan amount will be credited to your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Small Personal Loan

Fulfil our simple eligibility criteria:

  • Age: Between 25 and 55 years.
  • Citizenship: Indian.
  • Annual Income: At least ₹3 Lakh.

Documents Required for a Small Personal Loan

Provide a few essential documents for quick loan approval:

  • KYC Documents: Aadhaar Card and PAN Card

Interest Rates and Charges for a Small Personal Loan

We offer small personal loan at competitive interest rates and nominal charges:

Interest Rate
16%* p.a. onwards
Loan Amount
₹50,000 to ₹5 Lakh
Loan Processing Fees
Up to 4.5% + Applicable Taxes
Loan Tenure
12-36 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

Different Uses of a Small Personal Loan

  • Renovating home 
  • Funding travel plans 
  • Hosting a wedding 
  • Buying home appliances 
  • Covering medical expenses 

Who Can Get a Small Personal Loan

  • Salaried individuals  
  • Salaried doctors  
  • Salaried Chartered Accountants 
  • Salaried Company Secretaries  

Tips for a Successful Small Personal Loan Application

  • Improve your credit score  
  • Meet the eligibility criteria 
  • Fill out the application form accurately 
  • Submit all the necessary documents 

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

What is a Small Personal Loan?

It is an unsecured loan for your small financial needs of up to ₹5 Lakh. 

What are the eligibility criteria for a Small Personal Loan?

To avail of a mini loan, you are to meet the following eligibility criteria: 

  • Age: Between 25 and 55 years.
  • Citizenship: Indian.
  • Annual Household Income: Minimum of ₹3 Lakh 
What is the minimum CIBIL score required for getting a mini loan?

To avail of a loan, you must have a credit score of at least 750 and above. 

Can I buy my flight ticket with a small loan online?

Yes, you can purchase your flight ticket and also cover other travel expenses with a small loan. 

Can a self-employed person avail themselves of a Small Personal Loan from Poonawalla Fincorp?

No, a self-employed individual is not eligible for our Small Personal Loan. Poonawalla Fincorp offers a mini loan to only salaried individuals with a minimum household income of ₹3 Lakh per annum.