Poonawalla Fincorp Personal Loan Interest Rates 2024
Apply Online for Poonawalla Personal Loans ✓ Low EMI ✓ Interest Rates ✓ Instant e-Approval ✓ Quick Disbursal ✓ EMI Calculator. Choose the Best Deals only on Deal4loans.
Poonawalla Personal Loan Interest Rates 2024
To guarantee there are no unanticipated expenses, the rates and charges are predetermined and provided in the clearest possible way. The loan application process makes sure you are aware of the whole cost and all other associated fees before approving the personal loan online.
You won’t have to spend more than the pre-arranged rates and fees when the loan process is transparent and focused on the needs of the consumer.
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
Poonawalla Fincorp Personal Loan Eligibility Criteria
- Age – 22 to 57 Years.
- Work Experience – Salaried Employee with 1 year of work experience required.
- Citizenship – Indian
- Monthly Salary – Starting from Rs.30000, based on your city of residence.
Aside from that, you must have a strong credit score and credit history. Your credit score is one of the most important factors that might influence the interest rate on your Personal Loan. A loan applicant with a strong credit score is always preferred by lenders and gets accepted for the lowest feasible interest rate on a Personal Loan.
Documents Required for a Poonawalla Personal Loan
To make the process of getting a Personal Loan online simpler, Require only minimal documentation. As an applicant, you only need to submit the following documents in your online application:
- KYC documents
- Income proof
- Financial documents
- Address proof
- Proof of Employment
Poonawalla Fincorp Offer Personal Loans For
- Salaried individuals
- Salaried Doctors
- Salaried Chartered Accountants
- Salaried Company Secretaries
Features and Benefits of Poonawalla Personal Loan
Poonawalla Personal Loan is easy to get, offers quick processing and disbursal, has minimal documentation requirements, and provides you with the flexibility required to manage repayment.
- Collateral-free
- Multi-purpose usage
- Competitive interest rate & charges
- Quick approval
- Instant disbursal
- No hidden charges
- No penalty for prepayment or foreclosure
- Flexible repayment plans
- Simple 5 step online application
- Easy-to-use EMI calculator
Poonawalla Personal Loan EMI Calculator
Assume you opt for a Personal loan of amount Rs.4 Lakh @ 10.50% for 5 years tenure period; then your monthly emi calculations are as follows:
EMI Amount = 8,598*
| Year | Principal | Interest | Balance Amount |
| 1 | Rs. 64,210 | Rs. 38,966 | Rs. 335,790 |
| 2 | Rs. 71,284 | Rs. 31,892 | Rs. 264,506 |
| 3 | Rs. 79,141 | Rs. 24,035 | Rs. 185,365 |
| 4 | Rs. 87,862 | Rs. 15,314 | Rs. 97,503 |
| 5 | Rs. 97,577 | Rs. 5,630 | Rs. 0 |
