Poonawalla Fincorp Instant Personal Loan

As we all know, a financial emergency can arise at any time without prior notice. During such times, we need instant funds to overcome the crisis and resolve our problems. That’s why we choose  to personal loans. With Poonawalla Fincorp, you can easily avail a personal loan in just three clicks, with amounts up to ₹5 lakhs. Repay the loan over three years at a genuine interest rate.

Now you know how simple it is to get a loan and the benefits it offers!

Benefits of Poonawalla Fincorp Instant Loan

Get Instant Personal Loan up to Rs. 5 Lakhs Online

Fast Approval

Its 100% Online Process

No Hidden Charges

Its Collateral Free Loan

Minimum Documentation

No end use restrictions.

There are no foreclosure charges. (If Loan paid from your own source)

Eligibility Criteria to get the Loan:

Age : Between 25 & 55 Years

CIBIL SCORE: ABOVE 720

Citizenship: The Lender must be an Indian citizen.

Employment : For both salaried and Self employed.

Income: Minimum annual income must be Rs. 3 Lakhs.

Documents Required: PAN CARD/ AADHAR CARD/ Driving License/ Voter Id/Passport.

How to Apply for an Instant Poonawalla Loan?

You will click at Poonawalla Finacorp Personal Loan and wil be redirected to the Poonawalla website .

Signup with mobile number and email id through received OTP.

Enter your Date of Birth, PAN Card Number , Aadhar Number , monthly income and residential details.

You must be an India Citizen.

 If you are businessman then must be fill the business details.

The office address should not fall any blacklist business .

The Loan will get disbursed into your bank account within 12 to 24 Hours.

Interest Rate and Charges of Instant Personal Loan

Poonawala Fincorp offers an instant loan at the very best interest rates and minimum charges :

Interest Rate: 16% Per Annum Onwards

Loan Amount: Rs. 50,000/- to Rs. 5, 00, 000/-

Loan Processing Fees : Up to 4.5 % plus applicable charges .

Lowest EMI per month :  Rs. 1962/- for 36 Months.

Loan Tenure : One Year to 3 Years ( 12 Months to 36 Months )

Repayment Charges/ Foreclosure Charges : 

1.         Within 6 months of taking the loan (including balance transfers from another financial institution):

o          A fee of 4% of the prepaid amount, plus applicable taxes, will apply.

2.         After 6 months of taking the loan:

o          If foreclosure/prepayment is done using the borrower’s own funds:

          No charges will apply.

o          If foreclosure/prepayment is done using any other source (including balance transfers from another bank/financial institution):

          A fee of 4% of the prepaid amount, plus applicable taxes, will apply.

Default Charges : 24 % + Taxes

Repayment Dishonor Charges : Rs. 500 per bounce charges + applicable taxes.

Stamp Duty : At actual ( As per State )

Hidden Charges: No

FAQ’s

How can I get an instant loan for personal use?

You can get an instant personal loan very easily in 3 steps only.

Step 1 : Click on Apply Now button at the website .

Step 2: Fill out the given application form ( Your details )

Step 3 : Upload all the required documents .

After successful verification of your documents and your loan eligibility, the loan amount will be credited in your given bank account instantly.

What is the minimum and maximum instant disbursed loan amount?

The minimum loan amount is Rs.50,000/and maximum loan amount is Rs. 5,00,000/- . It is disbursed into your bank account according to your loan eligibility.

Can I get an instant loan without providing the documents?

No, its not possible at any cost. You need to verify your identity with the help of KYC documents that is AADHAR and PAN Card . Also proof that you have a valid source of regular income and attach the supporting documents.

How to calculate EMI for instant loan?

There is an online calculator provided at the website of Poona walla Fincorp where you put the all inputs( data)  and it will provide the EMI along with what extra amount you are going to pay with duration (how many months ). Click at to calculate the EMI and all.