Get Business Loan of ₹15 Lakh with Quick Approval
You can apply for ₹15 Lakh Business Loan with just a few clicks. Poonawalla Fincorp’s Business Loan helps you meet various financial requirements related to your business. You can apply for a Business Loan to enjoy exciting Business Loan features such as minimal documentation, no hidden charges, competitive interest rates, 100% digital process, etc.
₹15 Lakh Business Loan EMI Calculator
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Interest Rate and Charges for Business Loan
Poonawalla Fincorp’s Business Loan interest rate starts at 15% p.a. without any hidden charges. Please refer to the table below for more details.
Rate of Interest | 15% to 28% p.a.* |
Processing Fees | Up to 3% plus applicable taxes |
Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
Default Interest | 2% per month |
Loan Amount | ₹5 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 |
₹15 Lakh Business Loan EMI for up to 3 Years
If you wish to get a ₹15 Lakh Business Loan for four years, you can take advantage of our competitive interest rates. Our collateral-free Business Loans help you manage your financial needs without hassle. Before applying for the loan, you can calculate your EMIs. The table below shows your ₹15 Lakh Business Loan EMIs for four years.
Tenure | Approximate EMI at 15% Interest Rate |
2 years | ₹72,730/month |
3 years | ₹51,998/month |
₹15 Lakh Business Loan Eligibility Criteria
Our easy-to-meet eligibility criteria help you get a Business Loan quickly. Our eligibility criteria include:
![Age Requirement](img/age.png)
Age
![Monthly Salary Required](img/monthly-salary.png)
Annual turnover
![Work Experience Required](img/employment.png)
Business vintage
- Age: Between 24 and 65 years.
- Annual turnover: Your enterprise must have a minimum annual turnover of ₹6 Lakh.
- Business vintage: Your business must have been in operation for at least two years since its registration date.
Documents Required for ₹15 Lakh Business Loan
You can avail ₹15 Lakh Business Loan from Poonawalla Fincorp with minimal documentation requirement. Our document requirements include:
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KYC documents
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Business Address Proof
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Financial Documents
- KYC Documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Business Address Proof: Rent agreement, utility bills, or passport.
- Financial Documents: Bank statement of the past six months.
Please note: This list is indicative, and the actual list of documents will depend on your profile, requirements and Poonawalla Fincorp’s policy at the time of application.
Features and Benefits for ₹15 Lakh Business Loan
Poonawalla Fincorp’s ₹15 Lakh Business Loan offers various features and benefits such as:
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Business Loan without any security or collateral
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Minimal documentation
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Instant approval and disbursal
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Competitive Business Loan interest rate
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Sizeble sanction up to ₹50 Lakh
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Hassle-free, online application provision
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Flexible tenure of up to 48 months
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Fulfil urgent Business Loan requirements
Apply for ₹15 Lakh Business Loan within 5 Minutes
![Semi Circle Logo](/img/step-circle1.png)
![Laptop Logo](img/icon-step1.png)
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
![Semi Circle Logo](/img/step-circle2.png)
![Document Required Logo](img/business-details.png)
Business
Details
Business Details
Enter your annual business turnover and other business details.
![Semi Circle Logo](/img/step-circle1.png)
![Laptop Logo](img/icon-step3.png)
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions
You can get ₹15 lakh Business Loan from Poonawalla Fincorp once you meet minimal eligibility requirements and submit minimal documentation.
The EMI for ₹15 Lakh Business is ₹135,387.
Yes, you can get ₹15 lakh Business Loan without collateral with Poonawalla Fincorp.
*Terms & Conditions Apply