The Poonawalla Fincorp app is here to manage all your financial needs. You can apply for Instant Loan, Personal Loan, Business Loan, Professional Loan, Medical Equipment Loan, Loan Against Property and Pre-owned Car Loan with this app. You can also check your CIBIL score using this Poonawalla Fincorp app.
Instant Personal Loan
Poonawalla Fincorp’s Instant Small Personal Loan is an extremely convenient product for a borrower who is looking for a quick small-ticket loan. This loan is helpful for borrowers who need small financial assistance for achieving their immediate goals.
Highlights for Instant Personal Loan
• Loan amount: Rs. 50,000 to Rs. 5 Lakh
• Competitive interest rates starting from 16% to 36%. APR varies from 20% to 40%
• Processing Fee: 2.5% of sanction amount + GST
• 100% Digital process
• Minimal documentation
• No collateral/security
• Flexible tenure: from 3 month to 36 months
• Quick Approvals
• Quick loan disbursal
• Easy process
Example:
> Loan Amount: ₹50,000
> Tenure: 12 months
> Interest Charged: ₹ 4,441 (16% per annum)
> Processing Fee: ₹1475 (2.5% of Loan Amount: ₹1250 + GST @18%: ₹225)
> APR: 24.6%
> Stamp Duty: ₹100
> Broken Period Interest*: ₹700
> Amount Disbursed: ₹47,725
> EMI Amount: ₹ 4,537
> Loan amount is ₹ 50,000. Disbursed amount is ₹ 47,725. Total loan repayment amount is ₹
54,441
✓ Example: Loan Disbursement Date: 14th July
First EMI Date: 5th September
Interest component to be calculated: 5th August to 5th September
BPI to be calculated from 14th July to 5th August
No. of days for BPI: 21
BPI Amount: ₹700
We have taken all security measures for your privacy and safety. In case of queries please reach out to “customercare@poonawallafincorp.com”
APP LINK: Click Here
Note: I am not a Financial Advisor. So While making any Decision Based on Information on Any Information on This Website, Please Research Your Own. This website Would Not Be Responsible For Any Kind of Loss Due To This Information.