Hello,

Guest!

Poonawalla Fincorp Personal Loan

Poonawalla Fincorp offers a Personal Loan up to Rs. 30 Lakhs that caters to the new-age borrower. The loan is loaded with various attractive features like 100% online process, low interest rate starting from just 9.99% p.a., flexible tenure of 1 to 5 years, no hidden cost, and so on.

Updated:

Poonawalla Fincorp Personal Loan Online

Loan amountUp to Rs. 30 Lakhs
Rate of interest9.99% to 16.49% p.a.
Processing fee Up to 2% + applicable taxes
Repayment tenure 1 year to 5 years
Prepayment chargesNil

Features of Poonawalla Fincorp Personal Loan

  • Loan amount: You can get high loan amount of up to Rs. 30 Lakhs.
  • Interest rate: Poonawalla Fincorp personal loan interest rates range from 9.99% to 16.49% p.a.
  • Processing charges: Poonawalla Fincorp charges one-time processing fee of up to 2% of the loan amount plus taxes.
  • Tenure: Get flexible repayment tenure ranging from 1 to 5 years.
  • Prepayment: You can pre-close your loan account with zero prepayment charges.

Types of Poonawalla Fincorp Personal Loans

Poonawalla Fincorp offers two types of personal loans as mentioned below:

Personal Loan

  • Loan for all your personal needs
  • No collateral required to obtain this loan
  • Flexible tenure of up to 60 months 
  • Attractive interest rate starting from 9.99% p.a.
  • Multipurpose loan with high amount up to Rs. 30 Lakhs
  • No end-use restrictions
  • Quick approval

Professional Loan 

  • Loan for professional needs
  • Zero foreclosure charges
  • Flexible tenure of up to 60 months 
  • Attractive interest rate starting from 9.99% p.a.
  • Multipurpose loan with high amount up to Rs. 30 Lakhs
  • No hidden charges
  • Easy and hassle-free online process

Poonawalla Fincorp Personal Loan EMI Calculation

You must plan your personal loan to borrow efficiently and optimally. This means knowing the loan amount you need, the tenure you are comfortable serving, and identifying the EMI you can handle each month.  
One of the best tools to help you with this planning process is the Personal Loan EMI Calculator. With this online, you can easily calculate the interest payable and also know the personal loan repayment schedule within seconds. 
Here are the steps to calculate your Poonawalla Fincorp personal loan EMI using the calculator:

  • Visit the website of Poonawalla Fincorp or MyMoneyMantra.
  • Enter the loan amount you want to borrow.
  • Enter the rate of interest offered to you on loan.
  • Enter the loan duration under the Tenure section.
  • The EMI amount result will be auto-generated quickly.

Poonawalla Fincorp Personal Loan Eligibility Criteria

  • Citizenship: Applicant must have an Indian citizenship.
  • Age required: Applicnt should be at least 22 years of age at the time of loan application and not older than 58 years at the time of loan maturity.
  • Employment: Applicants must be a full-time employee at a public or private limited company or an LLP.
  • Work experience required: Applicants must have work experience of at least 1 year with stable employment of minimum 2 months at the current job.
  • Monthly income required: Applicants must have a minimum monthly income of at least Rs. 20,000.

Poonawalla Fincorp Personal Loan Documents Required

  • KYC: Aadhaar Card or PAN Card.
  • Current address proof: Passport, Utility Bills, or Rent Agreement.
  • Income proof: Latest salary slip, bank account statements, and salary credit statements of the last 3 months.
  • Employment proof: Employment certificate & degree certificate for professionals (chartered accountant, doctor, company secretary, etc.).

Poonawalla Fincorp Personal Loan Interest Rates

The interest payable on a personal loan is the cost of borrowing, and you must always prioritise your affordability when checking the interest rates. When you opt for the Poonawalla Fincorp Personal Loan, you get a cost-effective personal finance option, tailored to match your profile. You can borrow a personal loan from Poonawalla Fincorp personal loan at an attractive interest rate with a strong financial profile. Poonawalla Fincorp Personal Loan offers a competitive interest rate starting from as low as 9.99% per annum, making it a smart choice even as an emergency loan.

Poonawalla Fincorp Personal Loan Charges

  • Processing fees: 0% to 2% of the loan amount + applicable taxes.
  • Prepayment charges: Nil.
  • Late payment penalty: Missing EMI payments will carry a personal loan late payment penalty.
  • Bounce charge: Rs. 500 per bounce + applicable taxes.
  • Penal interest: 2% penalty per month on the unpaid and overdue interest.

Apply for Poonawalla Fincorp Personal Loan

Follow the steps mentioned below to apply for an instant personal loan from Poonawalla Fincorp: 

  • Click on the ‘Apply Now’ button on Poonawalla Fincorp’s website.
  • Enter basic KYC details. 
  • Upload the required documents.
  • Wait for application assessment.
  • Get confirmation on loan approval.
  • Approve and authorise your personal loan online disbursal.

Poonawalla Fincorp Personal Loan Customer Care

You can contact the Poonawalla Fincorp personal loan through the following ways:

  • Toll-free number: 1800 266 3201, from 9 AM to 7 PM (Monday to Saturday).
  • Email: customercare@poonawallafincorp.com.
  • Corporate office address: AP 81, 1st Floor and 2nd Floor, Mundhwa Road, Near to Raga Lawns, Pune - 411036.
  • Registered office address: 601, 6th Floor, Zero One IT Park, Survey No. 79/1, Ghorpadi, Mundhwa Road, Pune - 411036, Maharashtra.

Navi Personal Loan @9.99% p.a

Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.99% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg

Poonawalla Fincorp Personal Loan FAQs

How to determine the right personal loan amount?

image

Consider your needs for finance to choose the ideal loan amount. While you can avail of a slightly higher loan amount to address any unexpected costs, never overborrow or under borrow. As per finance experts, you must make sure your personal loan EMIs do not amount to more than 10% to 20% of your monthly income. If you carry other existing debts, make sure your total EMIs do not cross the threshold of 50% of your income.

Why opt for the Poonawalla Fincorp personal loan?

image

There are following key benefits of choosing a personal loan of Poonawalla Fincorp:

  • High loan quantum up to Rs. 30 Lakhs.
  • Complete transparent process. 
  • No hidden costs involved.
  • Simple and minimal documentation requirement.
  • Competitive rate of interest rate.
  • Zero prepayment charges.
  • Quick approval and easy disbursal.

How to calculate my personal loan EMI online?

image

You can use the Personal Loan EMI Calculator to calculate your personal loan EMI online. It is a free to use tool that offers instant and accurate results.

Do personal loans provide any tax benefits?

image

Generally, there are no tax benefits on personal loan repayment. However, you can enjoy certain tax benefits if you utilize the funds for home repairs or construction, business expenses, and purchase of assets like shares or jewellery. For all these expenses, you can get a tax benefit on the personal loan interest component against the relevant paperwork as proof.

What are the differences between secured and unsecured loans?

image

Secured loans require you to pledge some collateral, usually property. Unsecured loans do not need you to pledge any asset like a personal loan.