Information only
Poonawalla Fincorp is a non-banking financial company (NBFC), regulated by the Reserve Bank of India (RBI). It is a lender to salaried people and small businesses. Its registered office is in Pune. Unlike a bank, an NBFC cannot take demand deposits such as savings or current accounts, so a loan from it is not a bank loan even though it works in a similar way.
Loans it offers
Loans listed for Poonawalla Fincorp
| Loan | What to know |
|---|---|
| Personal loans | Unsecured, so approval rests on income, existing EMIs and credit history; amount and tenure are set by the lender. |
| Loans against property | Secured on a property you own; the amount depends on the lender's valuation and your repayment capacity. |
| Business and MSME loans | For working capital or expansion; business vintage, financial statements and bank statements are usually asked for. |
| Car loans | Our research lists pre-owned car finance. |
| Gold loans | Secured on gold ornaments; RBI sets limits on how much can be lent against the gold's value. |
| Education loans | Offered for tuition and related costs. |
| Loans for professionals | A separate professional segment in its range. |
LOANZ 360 explains how each of these loan types works: personal loans, loans against property, business and MSME loans, car loans, gold loans, education loans, loans for professionals. Its registered office moved from Kolkata to Pune in 2022.
Key facts
| Fact | Detail |
|---|---|
| Regulator category and layer | NBFC. Not named in RBI's upper layer list of 6 August 2026. |
| Registered office | Pune, Maharashtra |
| Parent group | Cyrus Poonawalla group (Rising Sun Holdings acquired control in 2021) |
| Former names and mergers | Formerly Magma Fincorp; renamed Poonawalla Fincorp on 22 July 2021 |
As of 8 November 2026, the company trades as Poonawalla Fincorp; older documents may still show the name Magma Fincorp. RBI publishes the upper layer list each year, so a lender's layer can change. See the RBI press release of 6 August 2026.
Before you apply
- Ask for the Key Fact Statement (KFS) before you accept an offer. It shows the annual percentage rate (APR), all charges and the repayment schedule in one place.
- Compare the APR, not just the stated interest rate, because processing and other charges set by the lender change the real cost.
- Check the lender's processing fee, foreclosure and part-payment terms, and penal charges. These are set by the lender.
- Read the sanction letter for the name of the legal entity that is lending, as group companies often have similar names.
- Check your credit score (CIBIL or another bureau) and your existing EMIs first. Checking your own score does not lower it.
- Apply only where you are likely to qualify. Too many lender checks in a short time can lower your score.
You can see current rates on the interest rates page and estimate repayments with the EMI calculator. The label on this page that shows whether LOANZ 360 works with this lender or only gives information is drawn from our live records. To see how lenders are shown, read how we rank offers and the lending partners page.
Last updated 12 Nov 2026