Poonawalla Fincorp 17+
Poonawalla Fincorp Limited
Poonawalla Fincorp Limited
Designed for iPad
-
- Free
Screenshots
Description
Now withdraw from or make part payments towards your Flexi loan account seamlessly.
With the New 'Explore' option, swiftly access all the key features and products.
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 1 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
Personal Loan
Apply for Personal Loan online up to Rs. 30 Lakhs. Whether you want to fund your medical bills without dipping into your savings or pay for your wedding expenses, you can apply for a personal loan through our personal loan app.
Highlights for Personal Loan
• Loan amount up to 30 Lakhs
• Competitive interest rates starting at 9.99% p.a.
• Processing Fee: Up to 2% plus taxes
• 100% Digital process
• No collateral/security
• Flexible tenure
• Minimum documentation
• Quick Approvals
Business Loan
Empower your business and take it to new heights with Poonawalla Fincorp's fast and hassle-free loan app. You can fund your business expansion, boost working capital, buy new business equipment, and expand your workforce with Poonawalla Fincorp’s app.
Highlights for Business Loan
• Loan amount up to 50 Lakhs
• Competitive interest rates starting at 15% p.a.
• Processing Fee: Up to 3% of sanction amount plus taxes
• 100% Digital process
• No collateral/security
• No hidden charges
• Minimal documentation
• Quick Approval process
Professional Loan
Poonawalla Fincorp offers a wide range of benefits and features in Professional Loan. You can expand your practice, enhance your professional skills and renovate your office space with Poonawalla’s Professional Loan.
Highlights for Professional Loan
• Multi-purpose sanction up to ₹50 Lakh
• Competitive professional loan interest rates starting at 9.99% p.a.
• Processing Fee: Up to 2% of sanction amount plus taxes
• No prepayment and foreclosure penalty if paid from own sources
• Collateral-free loan for professionals
• Flexible tenure ranging up to 60 months
Pre-Owned Car Loan
• Loan up to Rs.75 Lakhs
• Interest rate starting at 11% p.a.
• Processing Fee: 1% of sanction amount plus taxes
• Loan up to 100% of car value
Loan Against Property
• High LTV for ample funding ranging up to ₹10* Crore
• Competitive interest rate starting at 9% p.a.
• Processing Fee: Up to 1% of sanction amount + GST
• Wide range of properties accepted as collateral
• Long and flexible tenure up to 15 years
Medical Equipment Loan
• Higher loan amount of up to ₹10 Crore
• Competitive interest rates starting at 9.99% p.a.
• Up to 1% of sanction amount + GST
• Longer repayment tenure of up to 84 months
• No hidden charges
We have taken all security measures for your privacy and safety. In case if queries please reach out to "customercare@poonawallafincorp.com".
What’s New
Version 1.1.3
Now withdraw from or make part payments towards your Flexi loan account seamlessly from the app.
With the new 'Explore' option, swiftly access all the key features and products on the app.
Access your active accounts directly from the 'My Accounts' shortcut on the Home Page Navigation Bar.
Other minor Bug Fixes and UI Enhancements.
Ratings and Reviews
Can be better
They will impose late chargeseven if you do early payments before the due date.
Multiple calls from loan collection team saying they dont have information regarding advance payment and ask for payment receipt several times.
It can hamper your credit score due to late update of your payment
Developer Response ,
Hi Sir/ Ma'am!
Kindly elaborate your concern at Social.Support@poonawallafincorp.com along with your contact details, we will get back to you with a positive response.
Regards,
Poonawalla Fincorp
Worst Loan app
I’ve been facing several issues with this application. Even when I make early payments, there’s no proper update or acknowledgment, and I constantly receive calls asking for receipts. The system fails to reflect the payments accurately. Additionally, if there’s a payment delay beyond the 5th, it doesn’t automatically update, even within their own app (Poonawala). To make things worse, late payment charges vary across different platforms like Google Pay, Paytm, etc. This lack of consistency and transparency in charges and payment updates is frustrating.
Warning: Hidden Loan Fees and High Foreclosure Charges
Don’t even take a loan from them. There is no option for foreclosure, and the interest rate will be charged at 30 percent. If you miss your EMI, ₹500 will be charged every week along with ACH charges, which the bank will debit. You’ll feel stuck, and when you request a foreclosure letter, you’ll find they charge 4 percent, which is a huge fee compared to other loan applications. INDmoney has no foreclosure charge—it's zero—yet they are charging 4 percent.
Developer Response ,
Hi Sir/ Ma'am!
Kindly elaborate your concern at Social.Support@poonawallafincorp.com along with your contact details, we will get back to you with a positive response.
Regards,
Poonawalla Fincorp
App Privacy
The developer, Poonawalla Fincorp Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
- Location
Data Linked to You
The following data may be collected and linked to your identity:
- Location
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- Poonawalla Fincorp Limited
- Size
- 90 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 13.0 or later.
- iPad
- Requires iPadOS 13.0 or later.
- iPod touch
- Requires iOS 13.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 17+
- Copyright
- © Poonawalla Fincorp Limited
- Price
- Free