Get 15 Lakh Business Loan with Minimal Documentation

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

Loan Amount

5,00,000 75,00,000

Interest Rate %

9% 30%

Tenure

6 Months 4 Years

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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 Charges	24% per annum
Loan Amount	₹5 Lakh to ₹75 Lakhs
Lowest EMI per Month	Starting from ₹2,783* per Lakh for 48 months
Loan Tenure	6 to 48 months
Prepayment/Foreclosure Charges	Up to First six (6) EMI’s - 6% on principle outstanding plus applicable taxes. After payment of First six (6) EMI’s - 5% on principle outstanding plus applicable taxes.
Stamp Duty	At actuals (as per state)
No Other Hidden Charges

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default 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

Annual turnover

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:

KYC documents

Business Address Proof

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.