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".
It’s the worst company ever for finance, please don’t take any services like loans. I have taken car loan in year 2022. I was paying my emi properly and only one EMI missed due to job switching, he have send people to my home with in 3 working days. And I already informed to company before that for emi missing. So I’m seriously suggesting don’t take any services from Poonawalla. If you took and even single emi missed they will send people in your home without any information.
Developer Response
Hi Naveen, your concern matters to us and our team is committed to addressing it with the utmost priority. Please write to us at Social.Support@poonawallafincorp.com along with your contact details and mention reference ID 454849 in the subject line so we can assist you further.Regards,Poonawalla Fincorp
Big time scammers !The worst app to use
Hemanth Roy
I’m a lawyer I know what my ground rules are these people have abused and threatened my family women for not paying emi on time . They asked me to pay emi and the bounce charges will be removed sir no need pay bounce charges they told me. I have cleared all my EMI’s and still the bounce charges are there and the bounce charges they converted them in to overdues and they charged bounce charges for overdues and this quite tricky with these people .i don’t know what rules they’re doing this but for bounce charges also they’re charging bounce charges. Dear you promised me to waive off my bounce charges but nothing happened and those bounce charges are getting extra fines and now these charges are showing as emi these is the funny part . Bounce charges showed as overdues and overdues shown as emi and what rules n regulations they’re doing this i don’t know . I was quite when Poonawalla third party recover agents threatened and abused my family women but they have told me to waive bounce charges illegally they charged me but they did not waive them . And now I’m filing a case in “SAMA “ with proofs I have because they broke the promise and they did not waive my bounce charges. Guys please don’t use this app I kindly request everyone not to use this app and prevent yourself getting scammed. Lot of my friends warned me not to lend money from Poonawalla but i did and now I’m regretting for it .
Developer Response
Hi Hemanth, we are here to assist you. Please write to us at Social.Support@poonawallafincorp.com along with your contact details and mention reference ID 378661 in the subject line for assistance. Our team will investigate thoroughly and address your concerns promptly. Your satisfaction is our priority. Regards, Poonawalla Fincorp
Debits money even though you pay the emi on time
Shubham8007
Poonawala fincorp debits money evenafter you pay money emi on time and after the call to them and talk regarding the debiting extra money charges, they deny the charges and they say that we have not charged any amount from your account and they literally deny that I request everybody. If you have financial constraints, please don’t use this Poona Walla Because if you are taking the loan amount, for example hundred rupees and after the completion of the loan, you pay to them more than the amount you have took from them as more than two or three times if you take a loan of hundred rupees, then you have to pay after the completion of loan amount that ₹300-₹400. So you can guess how this company making fraud of customers very pathetic company, they are literally beggars.
Developer Response
Hi Sir / Ma'am,Please share your concern and registered contact details at Social.Support@poonawalfincorp.com so that we can assist you further.Regards, Poonawala Fincorp
Worst ever app do not use this app at all
The blessed soul
I had taken a loan from Poonawalla Fincorp and due to a medical emergency, my EMI payment got delayed by just one day. Instead of understanding the situation, the recovery agent called me and behaved in a completely unprofessional manner. Personal comments were made during the call which was extremely disrespectful and mentally disturbing.This kind of harassment over a one-day delay is unacceptable. Customers deserve basic respect and professional communication, especially during emergencies. The experience has completely destroyed my trust in this company and affected my mental peace.I would never recommend anyone to use this app or take any financial service from Poonawalla Fincorp. I am also considering taking legal action against the company for the harassment and misconduct by their agent.
Developer Response
Hi, we truly understand your concern and our team is committed to addressing this with priority. Please share your contact details at Social.Support@poonawallafincorp.com with reference ID 473850 in the subject line for assistance.Regards,Poonawalla Fincorp
Minor Bugfixes
Version 1.2.8
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, for example, on the features you use or your age. Learn More
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
Provider
Poonawalla Fincorp Limited
Size
100.5 MB
Category
Finance
Compatibility
Requires iOS 13.0 or later.
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.