Get Personal Loan Online
With a collateral-free Personal Loan, you can meet a variety of financial needs, such as medical expenses, wedding costs, education expenses, home renovation, travel, or debt consolidation. Choose a loan amount and repayment tenure that suit your needs, and apply online with minimal documentation.
Personal Loan EMI Calculator
To find out your exact numbers, simply select your desired loan amount, interest rate, and preferred repayment tenure below to instantly compute fixed monthly instalments.
Why Choose Poonawalla Fincorp
Apply for a Personal Loan Online 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, KYC details and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Poonawalla Fincorp maintains straightforward, transparent eligibility criteria. These criteria increase the likelihood of instant approval and favourable interest rates.
| Age | Between 21 and 60 years. |
| Citizenship | Indian. |
| Employment | Full-time at Central Govt, PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP, or companies listed internally. |
| Work Experience | At least 1 year of job experience and at least 1 month of stable employment at their current job. |
| Monthly Income | At least ₹25,000. |
Learn more about eligibility criteria for a Personal Loan
Submit basic details such as registration information, bank details, and identity documents like PAN and Aadhaar, along with the following documents:
| KYC Documents | PAN Card, Aadhaar Card, Driving License, Voter ID, Passport. |
| Address Proof | Passport, Utility Bills, Rent Agreement. |
| Income Proof | Salary slips for the last 3 months. |
| Financial Proof | Bank statement for the last 3 months. |
| Employment Proof | Office email/ Office ID card (in case the office email ID is not confirmed). |
Learn more about documents required for a Personal Loan
Get a loan at attractive interest rates and absolutely no hidden fees. Review the complete breakdown of fees and charges below:
| Parameter | Details |
| Interest Rate | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Processing Fees (Non-Refundable) | Up to 4% (plus applicable Taxes) |
| Legal/Enforcement/Recovery Charges | At Actuals |
Lowest EMI/Month |
₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 84 months |
| Default Charges | 24% p.a. plus taxes |
| Dishonour Charges | ₹500 per bounce |
| Stamp Duty | At actuals (as per state) |
| Foreclosure letter Charge | Rs 500/- Plus applicable Taxes |
| Repayment Instrument/ Security Repayment Instrument Bounce charges per instance | INR 500/ |
| Repayment Instrument/ Security Repayment Instrument cancellation & re-issue/ swapping charges | INR 500/- plus applicable Taxes |
| Document retrieval charges | INR 500/- plus applicable Taxes |
| Duplicate No objection certificate | INR 500/- plus applicable Taxes |
Cash collection/ cash handling charges*: *Applicable for cash collection done via Lender’s employees/personnel as well as Cash deposited in Lender’s branch by the Borrower/Co-Borrower/Guarantor or any of their representative, applicable on prospective basis. |
Rs. 500/- (plus applicable Taxes) per instance. |
| Hidden Charges | Nil |
Foreclosure/ Prepayment Charges
|
Applicable taxes will be charged in addition to the above rates.
Retention Charge*
|
* If the FC charges mentioned in the agreement exceed 4% for a specific case, an additional 2% will be applied to the above grid.
Click here to learn more about the interest rates and charges of our Personal Loan.
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
Personal loans have no end-use restrictions and can be used for a wide range of needs:
- Medical Emergencies: Healthcare crises demand immediate attention and significant capital. Ensure immediate access to funds for unforeseen medical expenses, long-term hospitalisation, complex surgeries, specialised treatments, or post-operative care without compromising healthcare quality.
- Education Expenses: Finance higher education, international university fees, vocational training, or professional certification programmes for yourself or your dependents. The funds can cover tuition, accommodation, travel, and study materials.
- Wedding Expenses: Finance your dream wedding without compromise. Easily cover major expenses like venue bookings, premium catering, bespoke décor, and ceremonial costs, ensuring your big day matches your exact vision.
- Home Renovation: Give your home a fresh look. Seamlessly finance essential repairs, interior upgrades, modular kitchens, or home extensions to increase both your comfort and your property's value.
- Debt Consolidation: Streamline your financial obligations intelligently by merging multiple high-interest liabilities, such as outstanding credit card balances or short-term loans, into a single, manageable EMI.
- Travel: Broaden your horizons without disrupting your long-term wealth creation strategy. Fund domestic or international itineraries, family holidays, anniversary trips, and honeymoons. Use the funds for flight bookings, luxury accommodation, and experiential travel.
- Shopping: Buy premium electronics, essential home appliances, furniture, or a personal mobility upgrade during the festive season; our loan provides the purchasing power you require upfront.
Get Funds Quickly With
Minimal
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Happy customers, happy us
Throughout my loan journey, the Poonawalla Fincorp team showcased exceptional dedication, in-depth product knowledge, and a truly customer-centric approach. At every stage, they guided me with patience and clarity, making the entire process seamless, transparent, and timely.Their proactive communication and unwavering willingness to go the extra mile are a testament to the organization’s high standards of service excellence. Such professionalism not only fosters strong customer trust but also reinforces Poonawalla Fincorp’s reputation as a leading, customer-focused financial institution.I extend my heartfelt thanks to the entire team for their commendable efforts and wish them continued success in all their endeavors.
I am incredibly grateful for the outstanding support I received throughout my loan process. The guidance provided made every step feel manageable and stress-free. What stood out most was the humility and genuine willingness to help at every stage, qualities that made a significant difference in my experience.Without this support, the journey would have been far more challenging. I truly appreciate the dedication and helpful nature that was consistently demonstrated. The efforts put forth were invaluable, and I feel fortunate to have worked with someone so committed and supportive.
It was really great working with Poonawalla Fincorp. Thanks to the support and coordination by the team. I was able to get a significant portion of my requirements despite having a bit of a mess in my financial records. The loan processing and disbursement process at Poonawalla Fincorp was super smooth. They were incredibly cooperative and helpful. I’m looking forward to building a healthy relationship with them in the future. Thank you.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
I would like to express my appreciation for the exceptional support I received from Poonawalla Fincorp's team during my personal loan process. The team consistently kept me informed about the loan status at every stage and demonstrated remarkable professionalism.
I was overwhelmed by multiple debts despite having a stable job and good credit. Poonawalla Fincorp stepped in with empathy, consolidating everything into a single, manageable EMI. It wasn’t just a financial solution; it was a fresh start for my family. The stress lifted instantly, and their professionalism and compassion turned one of the toughest phases of my life into a new beginning.
I am very happy with the team’s support. The loan process was quick and efficient, and the service was kind and professional throughout. Keep up the great work, and wishing you continued success!
My personal loan experience with Poonawalla Fincorp was truly seamless. The process was quick, hassle-free, and made a significant difference for me.The team’s clear understanding of retail banking and their guidance at every step stood out. Their strong knowledge of policies and processes ensured efficiency and ease throughout the journey. I deeply appreciate the support and effort extended, it reflects Poonawalla Fincorp’s commitment to customer satisfaction and excellence.
I am grateful for the outstanding support and guidance I received during my loan approval process with Poonawalla Fincorp. The entire journey was smooth and stress-free, thanks to the team’s expertise and commitment to customer care.Their clear explanation of all terms and conditions, combined with in-depth knowledge of the product and process, gave me complete confidence. I am happy to recommend Poonawalla Fincorp to colleagues and family members who may require a loan. Keep up the excellent work!
I truly appreciate the support and guidance I received during my loan approval process with Poonawalla Fincorp. The team’s expertise and professionalism made the entire journey smooth and stress-free, and I felt confident at every step.Their detailed explanation of all terms and conditions, along with strong knowledge of the product and process, stood out. I am happy to recommend Poonawalla Fincorp to colleagues and family members who may require a loan. Keep up the excellent work!
Poonawalla Fincorp provided the right expertise at the right time, helping me get things back on track when I felt stuck. The team’s expertise helped get everything back on track quickly and smoothly.Their support was not only efficient but also friendly, which is rare. I truly appreciate the effort and dedication shown it made a real difference and left me with a positive experience
The guidance and assistance I received during my loan processing with Poonawalla Fincorp made everything smoother and easier to understand.I truly appreciate their professionalism, prompt responses, and the effort put into handling my loan application efficiently. Their support made a significant difference and helped complete the process without unnecessary delays.
I would like to sincerely appreciate the exceptional support I received in successfully completing the Poonawalla BT process. The team put in significant effort, showed great patience, and went the extra mile to ensure everything was handled smoothly. Despite the challenges involved, they remained extremely helpful, responsive, and supportive at every step.It is rare to come across such dedication and genuine willingness to help. Working with a team that is both professional and compassionate was truly a wonderful experience, and it reflects the high standards of Poonawalla Fincorp. They are undoubtedly an asset to any organization
I would like to sincerely thank you for the exceptional support and guidance provided throughout my loan process, right up to the final disbursement. The professionalism, prompt communication, patience in clarifying my queries, and continuous follow-up made the entire experience smooth and hassle-free. I truly appreciate the effort and dedication shown at every stage. It was a pleasure working with someone who was so committed and customer focused. Thank you once again for the valuable assistance and support. Wishing continued success in your work.
I had an excellent experience during my personal loan process with Poonawalla Fincorp. The support and guidance I received were outstanding, professional, prompt, and reassuring at every step. The entire journey was handled smoothly and efficiently, making the process completely hassle-free. I truly appreciate the dedication and effort that went into ensuring everything was completed seamlessly. It was a pleasure to go through this experience, and I am grateful for the assistance provided.
My financial consolidation process was complex, but the support I received made it smooth and stress-free. Every step was handled with professionalism, clear guidance, and patience, turning a potentially overwhelming situation into a structured and manageable one. I especially valued the way I was educated on best practices, which gave me lasting clarity and confidence. Consolidating everything into one solution has eased my burden tremendously, and I’m truly grateful for the dedication and customer focus shown throughout.
My loan journey with Poonawalla Fincorp was seamless. The company showed a deep understanding of customer needs, honest and dedicated support, clear communication, and efficient service. Overall, it was a professional experience that reflects Poonawalla Fincorp’s strong commitment to customer satisfaction.
My loan journey with Poonawalla Fincorp was seamless and efficient. The disbursal process took just 15 minutes, much faster than my previous bank experience. The company demonstrated clear communication, customer‑focused service, and professional support at every step, making the entire process smooth and stress‑free. This level of dedication sets a benchmark for excellence and builds strong trust. I genuinely appreciate the effort and look forward to continuing my association with Poonawalla Fincorp.
I am truly grateful for the excellent support I received during my personal loan application. The entire process was handled in a smooth, approachable, and professional manner from start to finish. I deeply appreciate the team’s coordination and effort in making the experience seamless and satisfying.
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Frequently Asked Questions
A Personal Loan is an unsecured credit facility that helps you meet urgent financial needs without pledging collateral. Because it has no end-use restrictions, you can use the funds for multiple purposes, such as managing medical emergencies, funding a wedding, travelling, and consolidating debt, giving you complete flexibility over your personal finances.
To qualify, you must be a resident Indian citizen aged between 21 and 60 years, with at least 1 year of professional work experience and a stable job with the monthly income of ₹25,000.
The minimum credit score required for a personal use loan from Poonawalla Fincorp is 700. While a lower credit score may make an unsecured loan more challenging, applications are evaluated comprehensively. Compensating factors such as high monthly income, a pristine recent repayment history, and strong employment stability may also be considered by the underwriting team.
With Poonawalla Fincorp's digital process, approvals are highly streamlined. Once you submit the required documents, meet the eligibility criteria, and successfully pass verification, your loan is approved quickly. Following approval, the loan amount is instantly disbursed directly to your bank account.
Your Equated Monthly Instalment (EMI) consists of both principal and interest components and is calculated based on the loan amount, interest rate, and chosen tenure. A shorter tenure reduces overall interest costs, while a longer tenure lowers your monthly instalments. For example, borrowing ₹10,00,000 for 60 months at 10.5% p.a. results in a fixed EMI of ₹21,494. We highly recommend using our online EMI Calculator before applying to estimate your best suited monthly instalments.
Yes, you can prepay or foreclose your loan before the tenure ends. Prepaying helps reduce the total interest payable by lowering your outstanding principal balance. However, please note that early closure is subject to applicable foreclosure or prepayment charges based on the number of EMIs already paid, as outlined transparently in your loan agreement.
Eligible borrowers can secure a loan amount of up to ₹50 Lakh depending on their income and creditworthiness. To cover the administrative costs of the loan, a processing fee of up to 4% of the sanctioned loan amount, plus applicable taxes, is charged as per the lender’s policy.
A balance transfer is a facility that allows you to move your existing, high-interest outstanding loan to another lender. By transferring your balance, you can benefit from our competitive interest rates, which helps reduce your total interest payable and potentially secures better repayment terms.