Poonawalla Fincorp

Product Overview

Poonawalla Fincorp Personal Loan is designed to provide quick and hassle-free financial support for needs like medical emergencies, travel, wedding, education, or any personal expenses. It offers a fully digital process, fast approval, and flexible repayment options.

Eligibility Criteria

✔️ Applicant must be an Indian resident
✔️ Age: 21 to 60 years (preferred range)
✔️ Salaried or self-employed individual
✔️ Stable income and repayment capacity
✔️ Minimum work experience: 1 year+
✔️ Good CIBIL score (750+ preferred)

Features and Benefits

✔️ Loan Amount: ₹1,00,000 to ₹50,00,000
✔️ Quick approval & instant disbursal
✔️ 100% digital & paperless process
✔️ No collateral required (unsecured loan)
✔️ Flexible repayment tenure up to 7 years (84 months)
✔️ Minimal documentation required
✔️ Suitable for salaried & self-employed individuals
✔️ Multi-purpose usage (no restriction)

Fees & Charges

✔️ Interest Rates: 9.99% p.a. onwards
✔️ Processing Fee: Up to 3% of loan amount (+GST)
✔️ Tenure: 12 to 84 months
✔️ Foreclosure Charges: As per company policy
✔️ Penal Charges: Applicable on delayed EMIs

Documents Required

✔️ Identity Proof (PAN Card mandatory)
✔️ Address Proof
✔️ Income Proof (Salary Slip / ITR / Form 16)
✔️ Bank Statements (Last 3–6 months)
✔️ Passport-size photographs

FAQs

Q1. What is the maximum loan amount in Poonawalla Fincorp Personal Loan?
Ans. You can get up to ₹50 lakh depending on your eligibility.

Q2. What is the interest rate?
Ans. Interest rates start from 9.99% per annum and vary based on profile.

Q3. What is the repayment tenure?
Ans. The tenure ranges from 12 months up to 84 months (7 years).

Q4. Is collateral required?
Ans. No, it is an unsecured loan and does not require any security.

Q5. How fast is loan disbursal?
Ans. Loan is disbursed quickly after approval and verification.

Terms & Conditions

✔️ Loan approval is subject to internal credit policies of Poonawalla Fincorp
✔️ Interest rates and loan terms vary based on applicant profile
✔️ Processing fees are non-refundable
✔️ Late payments may attract penalties and impact credit score
✔️ Final approval is at the discretion of the lender