How to take Loan from Poonawala Fincorp Mobile App ? Poonawalla Fincorp Mobile App Review

Are you searching for a seamless way to secure a loan for personal or professional needs ? The Poonawalla Fincorp Mobile App delivers a hassle-free, 100% online application process for instant loans. With no hidden charges and a variety of loan options, this app ensures that your financial needs are met swiftly and securely. Whether you need funds for medical expenses, business growth, or purchasing a pre-owned car, Poonawalla Fincorp has you covered.

Why Choose Poonawalla Fincorp Mobile App for Loans?

The Poonawalla Fincorp Mobile App stands out as a comprehensive solution for borrowers, offering benefits such as:

• 24/7 Loan Accessibility: Apply anytime, anywhere.
• Minimal Documentation: A paperless process for your convenience.
• No Hidden Charges: Complete transparency in loan terms and fees.
• Flexible EMIs: Tailor-made repayment options to suit your budget.
• CIBIL Score Check: Free credit score checks directly on the app.

Poonawalla Fincorp Loan Options

Loan Type	Loan Amount	Interest Rate	Tenure	Processing Fee	Best For
Instant Small Personal Loan	₹50,000 to ₹5,00,000	16% to 36%	1 to 36 months	2.5% + GST	Immediate small-ticket financial needs
Personal Loan	Up to ₹30 Lakh	Starting at 9.99% p.a.	12 to 60 months	Up to 2% + taxes	Medical bills, weddings, or travel expenses
Business Loan	Up to ₹50 Lakh	Starting at 15% p.a.	6 to 48 months	Up to 3% + taxes	Expanding or upgrading your business
Professional Loan	Up to ₹50 Lakh	Starting at 13% p.a.	Up to 60 months	2% + taxes	Growing professional practices
Pre-owned Car Loan	Up to ₹75 Lakh	Starting at 11% p.a.	12 to 72 months	1% + taxes	Buying a pre-owned car
Loan Against Property	₹51 Lakh to ₹5 Crore	Starting at 9% p.a.	36 to 180 months	Up to 1% + GST	Large personal or business funding needs
Medical Equipment Loan	₹2 Lakh to ₹10 Crore	Starting at 9.99% p.a.	12 to 84 months	Minimal	Upgrading medical facilities

This table helps you quickly compare the loan products offered by Poonawalla Fincorp, enabling you to make an informed decision based on your financial requirements.

Loan Products Offered by Poonawalla Fincorp

Explore a range of loan options to meet your specific financial needs:

1. Instant Small Personal Loan

For quick financial requirements, the Instant Small Personal Loan is ideal. It offers swift approval with no collateral needed.

• Loan Amount: ₹50,000 to ₹5,00,000
• Interest Rate: 16% to 36%
• Tenure: 1 to 36 months
• Processing Fee: 2.5% + GST
• Application Process: 100% digital

2. Personal Loan

Whether it’s medical bills, wedding expenses, or any other personal needs, the Personal Loan offers up to ₹30 Lakh with competitive rates.

• Loan Amount: Up to ₹30 Lakh
• Interest Rate: Starting at 9.99% p.a.
• Tenure: 12 to 60 months
• Processing Fee: Up to 2% + taxes

3. Business Loan

Grow your business effortlessly with the Business Loan, designed to secure working capital, purchase equipment, or expand your workforce.

• Loan Amount: Up to ₹50 Lakh
• Interest Rate: Starting at 15% p.a.
• Tenure: 6 to 48 months
• Processing Fee: Up to 3% + taxes

4. Professional Loan

Professionals like doctors, chartered accountants, and company secretaries can benefit from this loan to upgrade their practice or office infrastructure.

• Loan Amount: Up to ₹50 Lakh
• Interest Rate: Starting at 13% p.a.
• Tenure: Up to 60 months
• Processing Fee: 2% + taxes

5. Pre-owned Car Loan

Achieve your dream of owning a car with the Pre-owned Car Loan. This secured loan comes with flexible EMIs and minimal documentation.

• Loan Amount: Up to ₹75 Lakh
• Interest Rate: Starting at 11% p.a.
• Tenure: 12 to 72 months
• Processing Fee: 1% + taxes

6. Loan Against Property

Unlock the value of your property to meet personal or business financial needs through the Loan Against Property option.

• Loan Amount: ₹51 Lakh to ₹5 Crore
• Interest Rate: Starting at 9% p.a.
• Tenure: 36 to 180 months
• Processing Fee: Up to 1% + GST

7. Medical Equipment Loan

Enhance your medical practice with the Medical Equipment Loan, offering quick disbursal for purchasing advanced medical tools.

• Loan Amount: ₹2 Lakh to ₹10 Crore
• Interest Rate: Starting at 9.99% p.a.
• Tenure: 12 to 84 months
• Processing Fee: Minimal

How to Use the Poonawalla Fincorp Mobile App?

Getting started with the app is simple and user-friendly. Follow these steps:

Step 1: Download the Poonawalla Fincorp App

• For Android Users: Go to the Google Play Store and search for “Poonawalla Fincorp.” Download and install the app.
• For iPhone Users: Visit the Apple App Store and install the app from there.

Step 2: Register and Login

1. Open the app and register using your mobile number.
2. Enter your date of birth as required.
3. Verify your mobile number by entering the OTP sent to your phone.
4. Once verified, you’ll gain access to the app dashboard.

Step 3: Choose the Loan Type

• Browse through the variety of loan options available on the app, such as:
  • Personal Loan
  • Business Loan
  • Professional Loan
  • Pre-owned Car Loan
  • Loan Against Property
  • Medical Equipment Loan
• Select the loan type that best suits your financial requirement.

Step 4: Fill Out the Loan Application Form

1. Provide Personal Details: Enter your name, contact details, and address.
2. Financial Information: Fill in your income details, employment type, and other relevant financial data.
3. Loan Specifications: Mention the loan amount and tenure you prefer.

Step 5: Upload Necessary Documents

Prepare the required documents and upload them on the app. Typically, the documents include:

• Identity Proof: Aadhaar Card, PAN Card, or Passport.
• Address Proof: Utility bills, rental agreement, or voter ID.
• Income Proof: Bank statements, salary slips, or IT returns.
• Business Documents (if applying for a business loan): GST registration, business turnover proofs, etc.

Ensure all documents are clear and valid to avoid delays in verification.

Step 6: Submit the Application

• Review all the details you’ve entered to ensure accuracy.
• Click the “Apply Now” button to submit your application.

Step 7: Verification Process

• The app will validate your details and documents.
• During this process, you may receive a call from the customer support team for further clarification.
• Keep your phone handy and respond promptly to any queries to speed up the process.

Step 8: Approval and Disbursal

1. Once your application is successfully verified, you’ll receive approval notification on the app and via SMS.
2. The approved loan amount will be credited directly to your registered bank account.

Pro Tips for a Smooth Loan Application

• Ensure Accurate Information: Double-check all details before submission. Mismatched information can lead to rejection.
• Keep Documents Handy: Uploading the required documents promptly will expedite the verification process.
• Maintain a Good Credit Score: A healthy credit score improves your chances of approval and better interest rates.
• Select the Right Loan Type: Choose a loan tailored to your specific needs to avoid over-borrowing or higher interest rates.

Key Features of Poonawalla Fincorp Mobile App

1. Online Process: Complete loan applications digitally.
2. Transparency: No unexpected fees; all terms are disclosed upfront.
3. Data Security: Your personal information is safe and encrypted.
4. Ease of Use: Enjoy an intuitive and user-friendly interface.

FAQs About Poonawalla Fincorp Mobile Loan App

Conclusion

The Poonawalla Fincorp Mobile App is a game-changer in the financial sector, providing swift and secure loans tailored to diverse needs. With its digital-first approach, minimal documentation, and transparent processes, it ensures a stress-free borrowing experience. Download the app today to explore its features and secure the financial support you need.