₹10 Lakh Business Loan

₹10 Lakh Business Loan

Online Application Process | Hassle-free Documentation | Quick Approval

If you're a business owner in need of additional funding, Poonawalla Fincorp offers an excellent solution - a Business Loan of up to ₹10 Lakh. The loan application process is quick and easy, with minimal documentation required, allowing you to access funding quickly and efficiently. Furthermore, the loan also comes with flexible repayment options to assist you in managing your finances effectively.

Whether you want to expand your business, purchase new equipment, or manage your working capital, Poonawalla Fincorp's Business Loan is precisely what you need. With this loan, you can take your business to the next level while avoiding financial strain.


The interest rates and applicable charges on Poonawalla Fincorp’s Business Loan of ₹10 Lakh are listed below:

Rate of Interest 15% to 28% p.a.*
Processing Fees Up to 3% plus applicable taxes
Repayment Instrument Dishonour Charges ₹1,000 per bounce plus applicable taxes
Default Interest 3% per month
Loan Amount ₹1 Lakh to ₹50 Lakh
Lowest EMI per Month Starting from ₹2,783* per Lakh for 48 months
Loan Tenure 6 to 48 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Stamp Duty At actuals (as per state)
No Other Hidden Charges

The EMI for a ₹10 Lakh Business Loan can vary as per the interest rate, principal amount, and repayment tenure. To know the EMI for up to 3 years, please see the table below:

Tenure Approximate EMI at 15% Interest Rate
1 years ₹90,258*/month
2 years ₹48,487*/month
3 years ₹34,665*/month

You can also use our Business Loan EMI calculator to determine your EMI amount and repayment schedule.

You must meet the below-mentioned eligibility criteria to apply for a ₹10 Lakh Business Loan from Poonawalla Fincorp:

Age Requirement


Work Experience Required

Business vintage

Monthly Salary Required

Annual turnover

  • Age: 24-65 years
  • Business vintage: At least 2 years
  • Annual turnover: Minimum ₹6 Lakh

If you meet the eligibility criteria for a ₹5 Lakh loan for business, you can go ahead and arrange the required documents listed below and begin the application process.

  • KYC documents logo

    KYC documents

  • Business Address Proof

    Business Address Proof

  • Financial Documents

    Financial Documents

  • KYC documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Business Registration Proof
  • Business Address Proof: Utility bills/Rent Agreement
  • Financial Documents: Bank account statement from the past 6 months

Upload and submit these documents with the loan application for further assessment and verification.

Our Business Loan of ₹10 Lakh come with the following features and benefits:

  • Sizable sanction up to ₹50 lakh logo

    Business Loan without any security or collateral

  • Minimal documentation logo

    Minimal documentation

  • Loan amount available up to ₹50 Lakh

    Instant approval and disbursal

  • Hassle-free, online application provision logo

    Competitive Business Loan interest rate

  • Easy to apply online loan application process logo

    Sizeble sanction up to ₹50 Lakh

  • Attractive and affordable interest rates logo

    Hassle-free, online application provision

  • No collateral required against the loan logo

    Flexible tenure of up to 48 months

  • Flexible repayment tenure of up to 48 months logo

    Fulfil urgent Business Loan requirements

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Apply Online

Click on Apply Now and enter your contact details.

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Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

Can I get a ₹10 Lakh Business Loan?

Yes, you can get a Business Loan of ₹10 Lakh from Poonawalla Fincorp if you fulfil our eligibility requirements, upload the required documents, and follow the above-mentioned steps to apply instantly.

What is the EMI for a ₹10 Lakh Business Loan?

To calculate the EMI amount for a ₹10 Lakh Business Loan, you can use our EMI calculator online by entering the loan amount, interest rate, and preferred tenure.

What is the CIBIL score required for a ₹10 Lakh Business Loan?

A CIBIL score of 750 and above is considered excellent by lenders and can help you find the best loan offer at favourable terms.

*Terms & Conditions Apply

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