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NBFC

Poonawalla Fincorp Personal Loan

Fast personal loans with competitive interest rates and a simple digital application journey.

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Poonawalla Fincorp logo

NBFC

Poonawalla Fincorp

Compliance Status

RBI Regulated Lending Institution

About Poonawalla Fincorp

Poonawalla Fincorp Personal Loan helps individuals finance weddings, travel, medical emergencies, education and home improvement without pledging collateral. Borrowers can benefit from loan amounts up to ₹30 lakh, flexible repayment tenures and interest rates starting from 9.99% p.a., subject to eligibility. The application process is quick, paper-light and suitable for salaried as well as eligible self-employed applicants.

Loan Features & Particulars in Detail

Review comprehensive fee schedules, limits, and operational tenures for Poonawalla Fincorp.

ParticularsDetails
Loan Amount1,00,000 to 15,00,000
Interest RateStarts From 11.50%
Loan Tenure12 Months to 84 Months
Disbursal Time24 Hours
Processing FeeUp to 4% (plus applicable Taxes)
Foreclosure ChargesRs 500/- Plus applicable Taxes

Criteria & Documentation

Verify borrower qualifications before initiating your application.

Age Requirement

Between 21 and 65 years at time of maturity.

Minimum Income

Monthly net salary of ₹20,000+ for salaried professionals.

Credit Score

Preferred CIBIL score of 700+ for optimal interest rates.

Employment

Minimum 1 year total work experience with 6 months in current firm.

Why Choose Poonawalla Fincorp

Competitive Interest Rates

Attractive annual percentage rates structured for your disposable income.

Fast Digital Sanction

Instant in-principle sanction with electronic agreement signing.

Zero Collateral Needed

100% unsecured borrowing without pledging personal property or gold.

Flexible Repayment Tenures

Tenures spanning up to 84 months for smooth monthly EMI planning.

Understand Your Loan: Annual Percentage Rate (APR)

The APR represents the true annualized cost of borrowing with Poonawalla Fincorp. It accounts for the nominal interest rate, processing charges, documentation fees, and mandatory stamp duties. Personal loan APRs generally range between 11.2% and 36% based on borrower risk profiling and income documentation.

Representative Example: A ₹5,00,000 personal loan at 10.50% interest for 3 years with a 2% processing fee (₹10,000) corresponds to a monthly EMI of approx. ₹16,253 and an effective APR of 11.89%.

Ready to Apply for Poonawalla Fincorp Personal Loan?

Check your eligibility in 2 minutes with zero impact on your CIBIL score.

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Partner FAQ

Frequently Asked Questions

Common inquiries about Poonawalla Fincorp personal loans.

01What is the maximum loan amount offered?
Poonawalla Fincorp offers personal loans up to ₹30 lakh, subject to eligibility.
Interest rates start from 9.99% per annum.
Salaried and eligible self-employed individuals with stable income can apply.
No, it is an unsecured personal loan.
Repayment tenure generally extends up to 60 months.