Poonawalla Fincorp
Poonawalla Fincorp Personal Loan
A salaried-only NBFC loan from 9.99% a year with tenures up to 84 months, for amounts from ₹1 lakh and incomes from ₹25,000 a month.
- From 9.99% a year
- ₹1 lakh to ₹50 lakh
Rates and charges
- Interest rate
- From 9.99% a year
- Processing fee
- Up to 4% of the sanctioned amount + applicable taxes, non-refundable
- Foreclosure
- 4% of the amount prepaid + taxes before you've paid 6 EMIs. After 6 EMIs it's free if you pay from your own money, or 4% + taxes if you pay with another loan or a balance transfer. Poonawalla also shows different, tiered charges elsewhere, so check the Key Fact Statement
- Part-prepayment
- Same terms as foreclosure; Poonawalla doesn't publish a separate part-payment charge.
What ₹1,00,000 for 12 months would cost
| At | EMI | Interest | Fee + GST | Total cost |
|---|---|---|---|---|
| Lowest rate (9.99%) | ₹8,791 | ₹5,493 | ₹4,720 | ₹10,213 |
Uses the highest published processing fee (4%) plus 18% GST. Try your own numbers in the EMI calculator.
Loan terms and eligibility
- Loan amount
- ₹1 lakh to ₹50 lakh
- Tenure
- 1 year to 7 years
- Who can apply
- Salaried
- Minimum income
- ₹25,000 a month
- Age
- 21–60 years
- Disbursal (lender's claim)
- Says funds are sent instantly once verification is done; no time is stated.
- Who lends
- Poonawalla Fincorp itself
- RBI digital lending apps directory
- Listed (as reported by the lender)
Apply with Poonawalla Fincorp
Apply nowVia our referral partner. We may earn a commission.CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion. The lender decides your rate, amount and approval.
Work out your EMI with Poonawalla Fincorp's rates
Prefilled with Poonawalla Fincorp's lowest published rate and its highest published processing fee (4%). Change any number to match your offer.
Your loan
- Monthly EMI
- ₹8,791
- Total interest
- ₹5,493
- Processing fee + 18% GST
- ₹4,720
- Total cost of the loan
- ₹10,213
- Effective annual cost
- 19.23%
- Money in hand
- ₹95,280
- You pay back in 1 yr
- ₹1,10,213
Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.
Same loan, different tenures
| Tenure | EMI | Total interest | Total cost (incl. fee + GST) | Effective annual cost |
|---|---|---|---|---|
| 12 months (yours) | ₹8,791 | ₹5,493 | ₹10,213 | 19.23% |
| 24 months | ₹4,614 | ₹10,737 | ₹15,457 | 14.87% |
| 36 months | ₹3,226 | ₹16,145 | ₹20,865 | 13.35% |
| 48 months | ₹2,536 | ₹21,717 | ₹26,437 | 12.57% |
| 60 months | ₹2,124 | ₹27,453 | ₹32,173 | 12.10% |
A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.
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Questions people ask
What interest rate does Poonawalla Fincorp Personal Loan charge?
Poonawalla Fincorp publishes from 9.99% a year. The rate you're offered depends on your credit score, income and the lender's own checks, and is usually above the starting rate.
What is Poonawalla Fincorp's processing fee?
Up to 4% of the sanctioned amount + applicable taxes, non-refundable. GST at 18% is added to the fee.
Who actually gives the loan?
Poonawalla Fincorp lends from its own books; it is a non-bank lender (NBFC) regulated by the RBI.
Is Poonawalla Fincorp registered with RBI?
The Poonawalla Fincorp app is listed in RBI's directory of digital lending apps, as reported by Poonawalla Fincorp Limited. The directory shows what lenders report; RBI doesn't vouch for the app. Poonawalla Fincorp is regulated by RBI as an NBFC.
Can I close or prepay a Poonawalla Fincorp loan early?
Closing early: 4% of the amount prepaid + taxes before you've paid 6 EMIs. After 6 EMIs it's free if you pay from your own money, or 4% + taxes if you pay with another loan or a balance transfer. Poonawalla also shows different, tiered charges elsewhere, so check the Key Fact Statement. Part-prepayment: Same terms as foreclosure; Poonawalla doesn't publish a separate part-payment charge.
Who can apply for a Poonawalla Fincorp personal loan?
Salaried applicants. Minimum income ₹25,000 a month. Age: 21–60 years. Approval is at the lender's discretion.
How much does a ₹1,00,000 loan from Poonawalla Fincorp cost?
Over 12 months at the lowest published rate, about ₹10,213 in interest and fees (a 4% processing fee plus GST). Your EMI depends on the rate you're offered.
Related guides
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True cost of a ₹1 lakh loan at every lenderInterest, processing fee and GST, side by side
Last verified 18 Oct 2026 on Poonawalla Fincorp's official page. Rates and fees change; check the lender's terms before you apply.