Poonawalla personal loan is an unsecured loan that provides individuals with financial flexibility for a variety of personal needs. Borrowers can use the funds for any purpose, such as medical emergencies, travel, education or debt consolidation.
Explore avenues to avail a personal loan in Jamshedpur, empowering you to make informed financial decisions and achieve your goals in this thriving city.
Poonawalla Fincorp Personal Loan Details
Poonawalla finance personal loan offers borrowers the financial flexibility to achieve their personal and business goals. Helping them get affordable financial aid for their specific needs. Here are important loan details offered by Poonawalla:
| Loan amount | ₹1 lakh – ₹30 Lakhs |
| Tenure | 12 to 60 Months |
| Rate of Interest | 9.9% – 30% p.a. |
| Eligible Borrowers | Salaried individuals, doctors, chartered accountants & company secretaries. |
| Purpose | Emergency, Wedding, Medical, Personal Use & Others |
| Disbursal | Within a few days (post verification) |
Poonawalla Personal Loan Interest Rates
Poonawalla fincorp interest rates start from 9.9% – 30% p.a. offering you affordable borrowing options. Poonawalla interest rates usually depend on various factors such as your credibility, loan amount, tenure, income and more.
| Interest rate | 9.9% – 30% p.a. |
| Loan amount | ₹1 lakh – ₹30 Lakhs |
Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.
Poonawalla Fincorp Personal Loan Fees & Charges
There are other fees and charges associated with a Poonawalla loan. Here is an overview these fees and charges:
| Processing fee | 0% – 2% + taxes |
| Late payment charges | Rs 350 |
| Foreclosure charges | 0%(From own source) – 4% (From other source) |
| Default interest | 3% per month |
| Repayment instrument dishonour charges | ₹500 per bounce + taxes. |
| Stamp duty | As applicable to different states. |
Poonawalla Personal Loan Eligibility Criteria
The eligibility criteria for Poonawalla loan serve as the foundational requirements for borrowers to meet in order to qualify for the loan. These criteria are:
| Age | 22 – 57 Years |
| Nationality | Must be an Indian citizen |
| Employment | Must have a full time job in Central Govt, PSU, MNCs, etc |
| Income | Must get ₹30,000 per month. |
| Credit Score | Above 750 (preferred) |
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Calculate Poonawalla Fincorp Loan EMI
Determining the EMI for a loan is important as it assesses your ability to repay. An EMI, or equated monthly instalment, is the monthly payment a borrower makes to a lender. This amount is influenced by factors such as the principal amount, interest rate, and repayment tenure.
You can easily check your loan EMI with precision by utilising the Personal Loan EMI calculator below. All you need to do is input the loan amount, interest rate and tenure and you will get your estimated EMI.
Your Amortization Schedule (Yearly/Monthly)
You can also determine your EMI amount by calculating using the formula:
EMI=P r(1+r)n/(1+r)n- 1
Here,
EMI stands for equated monthly instalment.
P stands for Principal amount
r stands for interest rate
n stands for tenure
Compare Poonawalla Personal Loan Vs Other Lenders
A thorough comparison of personal loan lenders is important to practice before availing a loan. This approach offers you a range of options, allowing you to select the most suitable lender that aligns with your specific needs. Hence, it becomes crucial to assess Poonawalla loans in comparison to various banks and NBFCs. The following details present the diverse personal loan rates and processing fees offered by different banks and NBFCs.
| Banks/NBFCs | Interest Rates(p.a.) |
|---|---|
| Poonawalla Fincorp | 9.9% – 30% p.a. |
| Axis Bank | 10.49% p.a onwards |
| ICICI Bank | 10.75% p.a onwards |
| KreditBee | 12.24% p.a onwards |
| HDFC Bank | 10.05% to 21% p.a |
| Muthoot Finance | 14% p.a onwards |
| Punjab National Bank | 8.90% p.a onwards |
| Induslnd Bank | 10.49% p.a onwards |
| Bajaj Finserv | 11% p.a onwards |
| MoneyTap | 13% p.a onwards |
Note: The above-mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.
Features & Benefits of Poonawalla Personal Loan
The Poonawalla finance personal loan offers many important features and benefits, which are:
Features & Benefits of Poonawalla Personal Loan
The Poonawalla finance personal loan offers many important features and benefits, which are:
Varied Loan Amount
Get loan amounts ranging
from 1 lakh to 30 lakhs.
Quick Approvals
Get the loan you need
within a few days.
Collateral-Free
No need to pledge your
assets as collateral
for the loan.
Zero Hidden Charges
Get a clear and complete
breakdown of all fees
and charges.
Attractive interest rate
Enjoy low interest rates
starting at 9.9% p.a.
onwards.
Flexible Repayment
Get your repayment plan
tailored to your financial
capabilities.
Types of Poonawalla Personal Loan
Poonawalla offers a wide range of personal loans that individuals can benefit from, these are:
Poonawalla Unsecured Personal Loan
A Poonawalla unsecured personal loan does not require a borrower to pledge any asset against the loan as collateral. You can avail an unsecured personal loan from Poonawalla for up to 30 Lakh. The requirements that need to be met are:
| Age | 22 – 57 years old |
| Monthly income | Minimum ₹30,000 |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Employment | Must be employed with the Centreal Govt, PSU, MNC, Public Ltd, Private Ltd, LLP, etc |
Poonawalla Urgent Personal Loan
An urgent personal loan from Poonawalla offers quick loan processing without any tedious procedures during loan processing. This loan offers borrowers easy access to finances, lightning fast approval and easy eligibility. These eligibility requirements are:
| Age | 22 – 57 years old |
| Employment | Must be employed with the Central Govt, PSU, MNC, Public Ltd, Private Ltd, LLP, etc |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Monthly income | Minimum ₹30,000 |
Poonawalla Short Term Personal Loan
You can get a short term personal loan when you have an immediate financial requirement that requires a temporary solution. Use a Poonawalla short term personal loan for any purposes without dipping into your savings. The eligibility requirements to avail a short term personal loan are:
| Age | 22 – 57 years old |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Employment | Must be employed with the Central Govt, PSU, MNC, Public Ltd, Private Ltd, LLP, etc |
| Monthly income | Minimum ₹30,000 |
Personal loan for Chartered Accountants
Chartered accountant professionals can often require finances to cover personal financial obligations. To help them meet their needs, Poonawalla offers personal loans for CA. These loans are collateral-free which you can get at minimal documentation and attractive interest rates. The eligibility criteria are:
| Age | 22 – 59 years old |
| Monthly income | Minimum ₹20,000 |
| Employment | Must be employed with the Central Govt, PSU, MNC, Public Ltd, Private Ltd, LLP, etc |
| Work experience | Minimum 1 year of job experience with 2 months at current employment. |
Personal loan for Company Secretaries
This is a multi-purpose loan that is offered to meet the various personal and professional financial requirements of company secretaries. These are collateral-free loans that can be used for any purpose. The eligibility for a personal loan for CS are:
| Age | 22 – 59 years old |
| Monthly income | Minimum ₹20,000 |
| Employment | Must be employed with the Central Govt, PSU, MNC, Public Ltd, Private Ltd, LLP, etc |
| Work experience | Minimum 1 year of job experience with 2 months at current employment. |
Personal Loan for Doctors
Poonawalla offers tailored personal loans for doctors for the purchase of medical equipment, expansion of clinics, for studying abroad, or for home renovation. Doctors can avail a loan of up to 30 Lakhs at an interest rate of 9.9% p.a. onwards. The eligibility for this loan are:
| Age | 22 – 59 years old |
| Work experience | Must have 1 year of job experience with 2 months of current stable employment. |
| Monthly income | Minimum ₹20,000 |
Personal Loan for Salaried Employees
This loan offers salaried employees financial assistance for any personal requirement. The loan is collateral-free and will help you meet all expected and unexpected costs. The eligibility criteria is as follows:
| Age | 22 – 57 years old |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Credit score | 750 and above |
| Monthly income | Minimum ₹30,000 |
Instant Loan Online
If you are in need of immediate funds, Poonawalla offers an instant loan of up to 5 lakhs with minimal documentation, zero hidden charges and quick processing. The eligibility criteria for instant loan are:
| Age | 22 – 55 years old |
| Annual household income | Minimum declared income of ₹3 lakhs. |
Small Personal Loan
A small cash personal loan is a loan designed to meet a borrower’s immediate financial goals at a smaller ticket size. The loan amount will typically range from ₹50,000 to ₹5 lakhs at an interest rate of 16% – 36% p.a. The repayment tenure for these loans will also be 6 months up to 36 months. The eligibility criteria include:
| Age | 22 – 55 years old |
| Annual household income | Minimum declared income of ₹3 lakhs. |
Personal Loan for Government Employees
Poonawalla Fincorp offers a specialised personal loan tailored for government employees. Through this loan borrowers can avail up to ₹30 lakhs with low interest rates starting from 9.9% p.a. The eligibility criteria for the loan is given below:
| Age | 22 – 57 years old |
| Employment category | Must be a full time central, state or district-level employee or PSU employee. |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Monthly income | Minimum ₹30,000 |
| Credit score | 750 and above |
Personal Loan for Home Renovation
You can now give your home a fresh look by renovating it with the help of a personal loan for home renovation. Get loan amounts of up to ₹30 lakhs at minimal interest rates to revamp your living space. The eligibility criteria include:
| Age | 22 – 57 years old |
| Monthly income | Minimum ₹30,000 |
| Employment | Must be an employee of private or public companies. |
| Work experience | Must have 1 year of job experience with 1 month of current stable employment. |
| Credit score | 750 and above |
Personal Loan for Wedding Expenses
Have the wedding of your dreams by availing a personal loan for wedding expenses from Poonawalla. Offering borrowers loan amounts of up to 30 lakhs at low interest rates to celebrate their new life journey in style. The eligibility criteria for the loan are:
| Age | 22 – 57 years old |
| Work experience | Salaried individuals must have 1 year of job experience. |
| Monthly income | Minimum ₹30,000 |
Personal Loan for Travel
If you have a dream destination you would like to travel to, you can use a personal loan for travel through Poonawalla. Avail up to ₹30 lakhs loan amount that will cover all travel expenses. The eligibility requirements for this loan are:
| Age | 22 – 57 years old |
| Credit score | 750 above |
| Work experience | Borrowers must have 1 year of job experience and 1 month with the current employer. |
| Employment | Must be salaried or self-employed. |
| Monthly income | Minimum ₹30,000 |
Personal Loan for Medical Emergency
When a medical emergency occurs, you can always depend on a personal loan to cover the expenses. Poonawalla loans for medical emergencies offer a loan amount of ₹30 lakhs that will cover all healthcare costs. The eligibility criteria are:
| Age | 22 – 57 years old |
| Credit score | 750 above |
| Work experience | Minimum work experience of 1 or 2 years and 1 month with the current employer. |
| Employment | Must be employed with the central govt, PSU, unlisted public Ltds, MNCs, etc. |
| Monthly income | Minimum ₹30,000 |
Personal Loan for Women
Poonawalla Fincorp offers specialised financial assistance to women through a personal loan. These loans help women reach their financial goals to fulfil various life requirements. Poonawalla offers loan amounts up to ₹30 lakhs at interest rates starting from 9.9% p.a. The eligibility requirements to avail this loan are:
| Age | 22 – 57 years old |
| Monthly income | Minimum ₹30,000 |
| Work experience | Must have work experience of 1 year and 1 month at the current job. |
| Employment | Must be salaried. |
Cash Loan
This is a type of personal loan that will help borrowers meet unexpected finances. Get quick access to cash to fulfil short-term financial goals with an instant cash loan from Poonawalla Fincorp. The eligibility requirements for this loan are:
| Age | 22 – 57 years old |
| Employment | Must be salaried. |
| Monthly income | Minimum ₹30,000 |
| Work experience | Must have work experience of 1 year and 1 month at the current job. |
Steps to Apply For Personal Loan
Applying for a personal loan has become easier and simpler with Buddy Loan. Here are the steps that you can follow to get a personal loan:
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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