Key Features & Value Benefits
100% Digital Process
Experience a seamless 100% digital process with instant approval in just few minutes.
No Collateral Required
These loans require no collateral, minimal documentation and come with zero hidden charges.
Flexible Repayment
Flexible loan tenure of up to 84 months, with options for quicker repayment or lower EMIs to suit your needs.
Added Privileges
Can be used for home renovation, wedding, travel, medical emergencies, higher education, etc.
Quick processing time with approvals happening in minutes and disbursal in 1 to 2 working days.
Eligibility Criteria
General Terms: Indian citizenship required. Must have a full-time job with central/state govt., PSUs, MNCs, listed/unlisted public/private companies.
Work Experience: Minimum 1 year with at least 1 month employment at the current job.
Detailed Eligibility Matrix
Fees & Other Charges
| Charge Name | Standard Terms |
|---|---|
| Processing Fee | Standard — Up to 4% of the loan amount plus applicable taxes |
| Prepayment / Part-Payment | NIL (if prepaid from own sources); 4% (if prepaid from other sources) |
| Foreclosure Charges | NIL (if prepaid from own sources); 4% (if prepaid from other sources) |
| Late Payment Penalty | 2% per month (24% p.a.) on the defaulted EMI amount |
| EMI Bounce Charges | Rs 500 per bounce + GST |
Additional Fee Schedules
Required Documents
Ready to Apply?
Get fast digital in-principle sanction directly with Poonawalla Fincorp.