हिंदी में पढ़े
| Poonawalla Fincorp Personal Loan Highlights | |
| Interest rate | 9.99% p.a. onwards |
| Loan amount | From Rs. 1 lakh to Rs. 50 lakh |
| Repayment tenure | 12 months to 7 years |
| Processing fee | Up to 3% of the loan amount + applicable taxes |
| Pre-payment / Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Charges | 24% per annum |
Note: Interest rates as of 25th November 2024
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Table of Contents
Poonawalla Fincorp Personal Loan Interest Rate
Poonawalla Fincorp Personal Loan Interest Rate starts from 9.99% p.a. onwards. The final personal loan interest rates offered to the loan applicant would vary according to the credit score, job profile, monthly income, employer’s profile, etc, of the personal loan applicant.
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Comparison of Interest Rates of Poonawalla Fincorp with other Banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Compare personal loan interest rates of all major Banks/NBFCs
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Fees and Charges of Poonawalla Fincorp Personal Loan
Processing fee
Poonawalla Fincorp charges a processing fee of up to 3% of the loan amount plus applicable taxes.
Prepayment/part prepayment/foreclosure charges
| Foreclosure charges | NIL |
| Prepayment charges | NIL |
| Part prepayment charges | NIL |
Other fees and charges
| Late payment charges | 2% per month |
| Cheque bounce charges | Rs 500 per bounce + GST |
| Stamp duty | At actuals |
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Types of Poonawalla Fincorp Personal Loans
Personal loan for Chartered Accountants (CA)
- Purpose: It is a special personal loan scheme for Chartered Accountants for fulfilling their personal and professional needs such as expenses related to wedding, traveling, home renovation, office renovation, a professional course, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Company Secretaries (CS)
- Purpose: It is a special personal loan scheme for Company Secretaries. Borrowers can use the loan proceeding for meeting their personal and professional needs such as wedding, traveling, office renovation, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Doctors
- Purpose: It is a personal loan for doctors that can be used to fulfill various personal and professional needs such as home renovation, clinic expansion, traveling, child’s higher education, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Salaried Employees
- Purpose: It is a personal loan for salaried employees that can be used for meeting various financial needs related to weddings, medical emergencies, home renovation, higher education, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Government Employees
- Purpose: Personal loan for government employees can be used for meeting various financial needs related to medical emergencies, vehicle purchase, jewelry purchase, traveling, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Home Renovation
- Purpose: Borrowers can use personal loan for home renovation to meet expenses related to refurbishing their home such as, flooring, painting, tiling, upgradation, remodeling, repair, improvement, extension etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Wedding
- Purpose: A personal loan for wedding can be used to meet expenses related to marriage.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Travel
- Purpose: Borrowers can use the proceeds of travel personal loan for financing travel related expenses like ticket booking, hotel booking, shopping, etc.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Medical Emergency
- Purpose: It is a medical loan that borrowers can use to finance their medical expenses.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
Personal loan for Women
- Purpose: It is a loan facility for women that can be used to finance education, medical emergencies, wedding expenses, or any other important need or end goal.
- Loan amount: Up to Rs 30 lakh
- Repayment tenure: Up to 5 years
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Poonawalla Personal Loan Eligibility Criteria
- Age: Minimum 22 years at the time of loan application & maximum 58 years at the time of loan maturity
- Citizenship: Indian citizenship
- Employment: Borrowers must have a full-time job with central/state govt., PSUs, MNCs, listed/unlisted public limited companies, private limited companies, LLPs, schools and colleges.
- Work experience: Minimum 1 year with at least 2 months’ employment at the current job.
- Monthly income: Net take home salary should be Rs 20,000
Poonawalla Personal Loan Documents Required
- KYC Documents: Aadhaar Card/PAN Card
- Address proof: Passport/ Utility bills/ Rent Agreement
- Income documents: Latest salary slip
- Financial documents: Salary Credit Bank Statement for the last 3 months
- Employment proof: Official Email ID confirmation /Employee ID Card ( in case official mail id confirmation is not possible)
FAQs on Poonawala Fincorp Personal Loan
What is the loan limit for Poonawala Fincorp Personal Loan?
Ans. Poonawala Fincorp offers personal loans for loan amount of up to Rs 50 lakh. Applicants can check their loan amount eligibility using Personal Loan Eligibility Calculator wherein they can enter the required details and instantly get the loan amount they are eligible for.
What is the interest rate of Poonawala Fincorp Personal Loan?
Ans. Poonawala Fincorp offers personal loan interest rates at 9.99% p.a. onwards. The annual interest rates may vary depending on the credit profile of the applicants and the tenure they have opted for.
Can I get instant approval for personal loan availed from Poonawala Fincorp?
Ans. Yes, you can get instant personal loan of Rs 5 lakh with online documentation, quick approval and no hidden charges. Applicants having a minimum annual household income of Rs 3 lakh are eligible for Poonawala Instant Personal Loan.