Urban Money

Poonawalla Credit Pvt Ltd Personal Loan

Poonawalla Credit Pvt Ltd
4.5

A personal loan is an ideal solution to your long time requirements in this modern time. However, sometimes it becomes impossible to fulfil all your desires with savings; in that case, financial institutions or banks offer personal loans that can meet your need, whether it is for destination weddings, travel, renovating a house or investing in your education. Take Poonawalla Credit Pvt Ltd, for example. This bank offers personal loans with a lucrative rate of interest and tenure period as per your convenience. So don't wait! Apply for Poonawalla Credit Pvt Ltd Personal Loan to take one step closer to your dream.

  • Poonawalla Credit Pvt Ltd
  • Personal Loan
Loan Amount:₹3L - ₹10L
Interest Rate:Up to 9.99%
Processing Fee: 1% - 2%
Tenure:5 Years
Details
BanksInterest RateProcessing FeeLoan Amount/Tenure
Poonawalla Credit Pvt Ltd

Up to 9.99%

1% - 2%

₹3L - ₹10L

Tenure(1 - 5 Years)

Details

Features and Benefits of Poonawalla Credit Pvt Ltd Personal Loan

When it's about choosing a suitable personal loan, Poonawalla Pvt Ltd makes sure to offer you the best in the market. The bank puts forward a wide range of various benefits while opting for a personal loan. For example, you can improve your credit score to another level if you use the personal loan amount. Next, if you own more than one credit card and running in debt, a personal loan is there to get your back!

Here is the list of some features and benefits offered by Poonawalla Credit Pvt Ltd on Personal Loan

  • This personal loan assures flexible repayment tenure ranges up to sixty months so that paying back your loan can be a smooth, comfortable experience.
  • Applicants can get their funds without providing any collateral. Everything depends on the creditworthiness of the borrower.
  • The cost of a loan somewhere relay on the interest you pay, so always have a deal that can be affordable or give you a pocket–friendly loan experience.
  • The whole procedure of taking a loan is much quicker and more accessible, and not time-consuming.
  • You can apply for the loan online and offline without facing any trouble.

Poonawalla Credit Pvt Ltd - Personal Loan overview

A personal loan is an ideal solution to your long-time requirements in this modern time. However, sometimes it becomes impossible to fulfil all your desires with savings; in that case, financial institutions or banks offer personal loans that can meet your need, whether it is for destination weddings, travel, renovating a house or investing in your education. Take Poonawalla Credit Pvt Ltd, for example. This bank offers personal loans with a lucrative rate of interest and tenure period as per your convenience. So don't wait! Apply for Poonawalla Credit Pvt Ltd Personal Loan to take one step closer to your dream.

Eligibility Criteria for Poonawalla Credit Pvt Ltd-Personal Loan

To apply for a personal loan, you are required to be enough eligible. Poonawalla Credit Pvt Ltd Personal Loan eligibility depends on various things.

This bank only facilitates those who are eligible for the criteria given below.

  • At the time of loan application, the borrower's age should be of twenty years and sixty-five years at the loan maturity time.
  • Only an Indian citizen can apply for Poonawalla Credit Pvt Ltd personal loan.
  • Must have at least one year of working experience with a stable income
  • Applicant must have full-time employment at a public or private company.
  • Employed person income should be at least twenty thousand per month.
  • He or she needs to maintain a credit score of 750 or above.

Poonawalla Credit Pvt Ltd Personal Loan Fees and Charges

The processing fee of Poonawalla Pvt Ltd personal loan is up to 2% for the minimum ten thousand to thirty thousand rupees in addition to the taxes. You can have a pre-payment facility or foreclosure with zero charges. But if your EMI remains overdue, there is a bounce charge of five hundred rupees plus taxes. The penal interest of the personal loan is 2% per month. There is zero hidden cost as everything is transparent and mentioned on the form.

Poonawalla Credit Pvt Ltd Personal Loan Interest Rates

As you know, affordability is the priority, so knowing the rate of interest must be your priority. Poonawalla Credit Pvt Ltd offers two types of interest rates –fixed and floating. The interest rate offered by this bank starts from 9.99%, also you can apply for up to thirty lakhs with a tenure period from twelve to sixty months.

Factors affecting Poonawalla Credit Pvt Ltd Personal Loan Interest rates

A personal loan offered by the banks and financial housing can be very remunerative. However, there are various factors that you should know before opting for one. Even after you evaluate all possible scenarios about the personal loan requirements, the rate of interest of the loan can have a significant impact on the repayments.

Here is the list of factors that affect Poonawalla Credit Pvt Ltd Personal Loan interest rate.

  • Credit Score

It is one of the main points to look at if you are applying for a personal loan. A credit score directly impacts your interest rate. So if CIBIL Score is high, you can get your loan with beneficial interest, but if it is not up to the mark, it can even cancel your application.

  • Income

Your monthly salary plays an important role here. If your income is high, you can be approved for flexible interest rates. On the contrary, if the monthly or annual income is not a generous one, you might end up with a higher rate of interest. So your monthly income most certainly acts as the deciding factor on the rates of interest.

  • Relationship with the lender

Maintaining a good relationship with the loan lending bank is essential for having a reasonable interest rate on the personal loan. If, as a customer, your interaction with the bank is convenient, then the bank might offer you lower rates of interest.

  • Employer's status

A personal loan is considered the unsecured one. Poonawalla Credit Pvt Ltd examines every aspect of that particular applicant's creditworthiness before lending them the loan. If an applicant proves to be an easy-going borrower with a well-established organisation, he or she becomes the first choice of the bank to levy the personal loan.

Documents Required for Poonawalla Credit Pvt Ltd personal loan

Documents are considered one of the essential parts while applying for a personal loan. The bank goes through every document to check whether you meet Poonawalla Credit Pvt Ltd personal loan requirements. Below are the documents you need to submit offline and online.

  • KYC documents like Pan Card, Aadhar Card, and Voter ID 
  • Bank statement
  • Latest salary slips
  • Homeownership proofs 
  • Office address
  • Finally, if you are applying online, first, you need to fill out the Poonawalla Credit Pvt Ltd personal loan online application along with the scanned copy of the documents.

How does EMI calculation work for Poonawalla Credit Pvt Ltd.’s personal loan?

You can find several websites on the internet that can help you deal with EMI calculation. First, you need to put the preferred loan amount with tenure period and interest rate. Now calculate the sum, and you will get the answer. For instance, if your loan amount is five lakhs, the tenure period is 2.5 years, and the interest rate is 2.26%, you need to pay 14,789/- per month as loan EMI.

Poonawalla Credit Pvt Ltd customer care details

Are you struggling to get a hassle-free procedure while applying for a personal loan? Then, you can contact our customer care executives on +91 1800-266-0009 and ask anything.

FAQs

From refinancing to reducing your interest, we have the answers right here.

How much EMI can I get for five lakhs?

Your approximate EMI amount will be 43,654/- for the five lakh loan.

How is EMI interest calculated?

You can calculate the amount by using the EMI calculator on the internet, or you can simply use this formula to get the answer.

Can I use my debit card to pay for the EMI of my personal loan?

Yes. You can use your debit card to pay for the EMI. However, you need to provide your debit card information to the bank.

What is the repayment tenure for the personal loan offered by Poonawalla Credit Pvt Ltd?

The maximum tenure period is from one year to six years.

What kinds of documents are required for the personal loan application?

While applying, you need to submit KYC documents like Aadhar card, pan card, voter ID and driving licence to prove your identity.

How can I check my status after getting the personal loan from Poonawalla Credit Pvt Ltd?

You can visit the bank and ask your executive about the status, or you can simply visit the bank’s official website to check your status.

Is the pre-payment allowed for Poonawalla Credit Pvt Ltd personal loan?

Yes. But before pre-paying, you should read the terms and conditions because it is possible that you can be charged with a pre-payment fee.

How to check the eligibility criteria for Poonawalla Credit Pvt Ltd personal loan?

Visit the bank, or you can check the official site where they have mentioned the eligibility criteria.

Get your latest Credit Score, FREE

Related Articles

Get in-depth knowledge about all things related to loans and your finances

Home Loan Interest Rates Spiked After RBI's Repo Hike
Shiv Kumar GuptaMay 12, 2022

Home Loan Interest Rates Spiked After RBI's Repo Hike

The Reserve Bank of India regulates the home loan criteria, which are constantly changing owing to numerous economic circumstances. Read the blog to learn more about the RBI and how its latest home loan guidelines wil

Read More
The Collateral World of Mortgaging Property
Satish PrajapatiJan 21, 2022

The Collateral World of Mortgaging Property

A mortgage is any immovable property that is given as a security or collateral against a loan for building a property. The party lending the money

Read More
The Definitive Guide: Acquire Home Loan From The Best Financial Banks
Satish PrajapatiJan 21, 2022

The Definitive Guide: Acquire Home Loan From The Best Financial Banks

The present year 2021 has been identified as a good year to invest in homes due to the lower interest rate on home loans as well as the reducti

Read More