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
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.*
|Up to 3% plus applicable taxes
|Repayment Instrument Dishonour Charges
|₹1,000 per bounce plus applicable taxes
|3% per month
|₹1 Lakh to ₹50 Lakh
|Lowest EMI per Month
|Starting from ₹2,783* per Lakh for 48 months
|6 to 48 months
|0%* If paid from own sources & 4% If paid from other sources
|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.
|Approximate EMI at 15% Interest Rate
₹15 Lakh Business Loan Eligibility Criteria
Our easy-to-meet eligibility criteria help you get a Business Loan quickly. Our eligibility criteria include:
- 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:
Business Address Proof
- 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:
Business Loan without any security or collateral
Instant approval and disbursal
Competitive Business Loan interest rate
Sizeble sanction up to ₹50 Lakh
Hassle-free, online application provision
Flexible tenure of up to 48 months
Fulfil urgent Business Loan requirements
Apply for ₹15 Lakh Business Loan within 5 Minutes
Click on Apply Now and enter your contact details.
Enter your annual business turnover and other business details.
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