Loan Amount
Up to ₹50 Lakh
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-84 Months

Get an Unsecured Personal Loan Effortlessly

With the rising prices eating into your savings, accessing quick credit facilities is essential to help manage your personal expenses. From pursuing higher education to paying for emergency medical bills, cover all your financial needs with an unsecured Personal Loan from Poonawalla Fincorp. Get this collateral-free loan of up to ₹50 Lakh with minimal paperwork, attractive interest rates, flexible EMIs and quick approval. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Online Application
Minimal
Paperwork
Attractive
Interest Rate
No End-use Restrictions
Zero Hidden Charges

EMI Calculator for an Unsecured Personal Loan

Plan your monthly payments instantly with our easy-to-use EMI calculator. Simply enter the loan amount, tenure and interest rates to compute your monthly repayments. Use 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 an Unsecured Personal Loan

Fulfil our simple eligibility criteria:

  • Age Limit: Between 21 and 60 years.
  • Citizenship: Indian.
  • Employment Type: Full-time job at a private or public sector organisation.
  • Work Experience: Minimum 1 year with at least 1 month at current job.
  • Net Monthly Salary: At least ₹30,000 per month.

Documents Required for an Unsecured Personal Loan

Submit just a few essential documents:

  • KYC Documents: Voter ID, Driving License, Aadhaar Card, PAN Card or Passport.
  • Income Documents: Salary slips and bank statements for the last 3 months.
  • Address Proof: Passport, rent agreement or utility bills
  • Employment Proof: Official mail ID confirmation or Employee ID card

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

Interest Rate and Charges for an Unsecured Personal Loan

Get an unsecured loan at competitive 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
Foreclosure/Prepayment 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 an Unsecured Personal Loan

  • Cover emergency medical expenses
  • Consolidate high-interest debt
  • Finance your higher education
  • Renovate your home
  • Purchase consumer durables
  • Travel to your favourite destination

Tips for a Successful Personal Loan Application

  • Check whether you meet the eligibility conditions
  • Decide the loan amount based on your requirements
  • Maintain a low debt-to-income ratio
  • Check your credit score
  • Decide loan amount based on fund requirements
  • Keep all loan documents ready

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

Can I use Poonawalla Fincorp’s unsecured Personal Loan from to organise a wedding? 

Yes, you can use our unsecured Personal Loan to cover the expenses associated with organising a wedding. Pay for the venue, catering, decorations, events, etc., with our collateral-free loan.

How can I use the EMI calculator to know the EMI of my unsecured Personal Loan?

Using the EMI calculator will help you plan your monthly repayments. Just follow these steps to know your EMIs:

Step 1: Enter the loan amount you wish to borrow

Step 2: Select the loan tenure

Step 3: Enter the interest rate

The calculator will instantly display the EMI value.

What is the minimum credit score required for an unsecured Personal Loan from Poonawalla Fincorp?

The minimum CIBIL score required to apply for Poonawalla Fincorp’s unsecured Personal Loan is 750. Increase your chances of loan approval at lower interest rates and favourable terms by building and maintaining your credit score.